JHX - James Hardie Industries

[Smurf1976]

JHX going well.......extremely well with ATH set @ $31.68 on Friday.

And on 1 October another new ATH reached, the stock having more than fully recovered from the major plunge earlier in the year.

Given the market overall has been somewhat lacklustre in recent weeks that's would seem to be a positive sign for this stock.

 

[rcw1]

Good morning,
Is JHX impressing analysists??

• James Hardie cut to Accumulate: CLSA
• James Hardie target price cut 12pc to $37: Citi
• James Hardie target price cut 10pc to $47.40: UBS
• James Hardie cut to Sector Perform: RBC

Hmmmmmmmmm

Have a very nice day today.

Kind regards
rcw1

 

[Dona Ferentes]

And on 1 October another new ATH reached, the stock having more than fully recovered from the major plunge earlier in the year.

And thereagain 2021 was probably as good as it got. With a new set of economic parameters - post Covid, end stimuli, start of inflation and higher interest rates - the stock got marked down. Now some clarity from new mgmnt and a 15 per cent lift today.

James Hardie says there’s an uncertain outlook in the major markets in which it operates, and predicts that in its largest market, North America, the total addressable market will drop between 5 per cent and 18 per cent in calendar 2023 compared with 2022.

• net profit for the three months ended June 30 was down 3 per cent to $US157.8 million ($240.1 million) compared with the same pcp
• Sales revenue was down 5 per cent to $US954.3 million.

Chief executive Aaron Erter, who took the helm almost a year ago, said the company was focused on delivering value to home owners and renovators after interest rate rises.

He said James Hardie had a “superior value proposition” with the right products for customers. James Hardie makes plasterboard and interior wall cladding

 

[DrBourse]

Yesterdays Guesstimate from Goldman Sachs....

The JHX IV on 11/7/23 was $33.48.....
The GS Guesstimate is $51.70.....
Gunna be interesting.....

 

[frugal.rock]

I guess the market liked the results out today.

 

[Dona Ferentes]

I guess the market liked the results out today.

a different story from the Half Yearly .... Q3 FY24 numbers saw it down 8 per cent today

James Hardie CEO Aaron Erter says the renovations market remains soft and is only likely to be reinvigorated when interest rates fall and consumer confidence improves.

Aaron Erter says the effects of sharp rises in rates over the past 18 months in the renovations segment in its major markets of North America, Europe and Australia were underestimated by many players. He said the “back half” of 2024 was likely to be the point at which the renovations market improved.

James Hardie, which makes fibre cement cladding products for the exterior of houses and products for remodelling interiors, generates about 65 per cent of its revenues from the renovations market.

Hefty price rises and gains in market share in its main markets enabled the company to lift net profit for the three months ended December 31 by 45 per cent to $US145.1 million ($222.3 million).

The company lifted prices by 14 per cent in the Asia-Pacific division, comprising the Australian operations, New Zealand and the Philippines. Average price increases in Europe were 18 per cent in the December quarter compared with the same quarter a year earlier, while in North America prices increased by 6 per cent.

Asia-Pacific division generated a 34 per cent rise in earnings before interest and tax to $56.7 million for the December quarter. Sales were up 21 per cent to $206 million, compared with a year ago. Margins improved to 27.5 per cent from 24.7 per cent in the previous corresponding period.

For the first nine months of James Hardie’s financial year, overall net profit was up 6 per cent to $US454.6 million.

An analyst said the company’s guidance on Tuesday of March quarter net profit of between $US165 million and $US185 million assumed an EBIT margin of 30 to 32 per cent, which was “a step down” from the December quarter margin of 32.7 per cent, despite a similar volume expectation.

 

[Bailxtrader]

Despite positive results for the quarter, shares are -4.94%, likely in response to guidance for the 4th quarter being modestly lower than expected, although should be viewed in the context of recent gains which have seen shares surge 51% since November. JHX is seen as a beneficiary of potentially lower interest rates in the latter half of 2024, given lower rates coincide with improved consumer spending, particularly on renovations which account for 65% of revenue.

For the third quarter JHX recorded an adjusted net operating profit of $179.9 million, surpassing the analyst estimates of $173.3 million and $129.2 million reported a year ago. The company's sales also came in above market estimates of $955.9 million at $978.3 million.

Looking ahead to the fourth quarter, profit is expected to be between $165 million and $185 million, slightly below analyst forecasts of $186 million. The company has also revised its capital expenditure forecast for the year, reducing it from $550 million to about $515 million with management focusing on organic growth.

In North America, the company saw a 13% increase in sales to US$727.0 million, with JHX also recording strong growth in the Asian Pacific reporting a 21% rise in sales, while sales in Europe rose by 8%, primarily due to strategic price increases and growth in high-value products.

Overall, the results look relatively strong and consistent with recent updates. Understandably following a surge in the share price over the past 3-4 months, it doesn’t take much for investors to lock in profits, which is likely contributing to today’s weakness.

 

[Dona Ferentes]

nah, market would be softening.

James Hardie was down 11 per cent after net income guidance for 2025 came below expectations.

now below 50 bucks