Loading...
•
Jun 30, 2025
James Hardie Q1 2026 Earnings Report
James Hardie reported Q1 FY26 results with revenue declining year-over-year, while adjusted net income and EBITDA remained positive despite market challenges.
Key Takeaways
James Hardie delivered Q1 FY26 results that reflected a normalization in channel inventory and soft demand in North America, while the AZEK acquisition showed early signs of synergy realization.
Net sales declined 9% YoY due to lower volumes in North America and APAC.
AZEK's performance exceeded expectations with strong Deck, Rail & Accessories sell-through.
Adjusted net income and EBITDA declined but remained solid, indicating resilience.
Integration of AZEK is progressing ahead of schedule with early synergy capture.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
FY26 guidance reflects the inclusion of AZEK’s contribution and cautious demand assumptions due to softening housing markets.
Positive Outlook
- AZEK integration is progressing faster than expected.
- Deck, Rail & Accessories showing strong demand trends.
- Homebuilder exclusivity agreements position company for future growth.
- Free cash flow expected to exceed $200 million.
- New credit facilities enhance financial flexibility.
Challenges Ahead
- North American housing market remains weak, especially in new construction.
- Customers are moderating expectations amid economic uncertainty.
- Repair & remodel activity is softer than forecasted.
- Inventory recalibration expected in back half of FY26.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...