Quarterly ResultMay 19, 2026, 04:38 PM
James Hardie Q4 Adj. EBITDA $381M, FY26 $1.27B; Guides FY27 Growth
AI Summary
James Hardie Industries plc reported Q4 FY26 Adjusted EBITDA of $381 million, a 42% increase year-over-year, and full-year FY26 Adjusted EBITDA of $1.27 billion, up 17%, both exceeding guidance. Despite a challenging operating environment and unfavorable weather, the company provided an optimistic FY27 outlook, targeting 4% to 8% Pro Forma Adjusted EBITDA growth and over $500 million in Free Cash Flow. This growth is expected to be driven by synergy realization from the AZEK acquisition and ongoing cost actions, with cost synergies ahead of schedule.
Key Highlights
- Q4 FY26 Adjusted EBITDA increased 42% to $381 million, exceeding guidance and expectations.
- Full-year FY26 Adjusted EBITDA rose 17% to $1.27 billion, exceeding guidance and expectations.
- Q4 FY26 Net Sales grew 45% to $1.40 billion, with organic net sales decreasing 1%.
- Full-year FY26 Net Sales increased 25% to $4.84 billion, with organic net sales down 2%.
- FY27 outlook targets 4% to 8% Pro Forma Adjusted EBITDA growth.
- FY27 Free Cash Flow is expected to be over $500 million, an increase of more than $200 million year-over-year.
- Cost synergies from the AZEK acquisition are ahead of schedule, with a $125 million target expected sooner.
- Facility closures in Fontana and Summerville are projected to generate $25 million in annualized cost savings from FY27.
Price Impact
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