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Sep 30, 2025
James Hardie Q2 2026 Earnings Report
James Hardie reported a Q2 net loss due to acquisition-related expenses but posted strong adjusted earnings and raised full-year guidance.
Key Takeaways
Despite a reported net loss driven by one-time acquisition and integration costs, James Hardie delivered solid adjusted results and improved its guidance on the back of strong Deck, Rail & Accessories and Siding & Trim performance.
Net sales grew 34% year-over-year to $1.29 billion.
Reported net loss of $55.8 million due to acquisition-related costs.
Adjusted EBITDA reached $329.5 million, up 25% YoY.
Raised full-year FY26 guidance for net sales and adjusted EBITDA.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
James Hardie raised its FY26 guidance for net sales and adjusted EBITDA across both Siding & Trim and Deck, Rail & Accessories segments.
Positive Outlook
- Siding & Trim full-year net sales outlook raised to $2.925–$2.995 billion.
- Deck, Rail & Accessories sales forecast raised to $780–$800 million.
- Adjusted EBITDA guidance lifted to $1.20–$1.25 billion.
- Strong integration progress with AZEK and synergy capture.
- Channel expansion and new products continue to drive sell-through growth.
Challenges Ahead
- Net loss reported due to acquisition and financing-related expenses.
- Operating income margin dropped significantly to 1.9%.
- Asia Pacific revenue declined 10% YoY due to Philippines plant closure.
- Organic net sales declined slightly in Siding & Trim despite reported growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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