James Hardie Q1 Sales Fall 9 Percent
James Hardie Industries(NYSE:JHX) reported first-quarter fiscal 2026 results on August 19, 2025, with global net sales of $900 million, down 9% year over year, and adjusted EBITDA of $226 million at a 25.1% margin. The company completed its acquisition of AZEK, more than doubling its addressable market, and updated guidance to adjusted EBITDA of $1.05 billion to $1.15 billion for fiscal 2026. Key themes include integration progress, significant demand headwinds in South U.S. single-family new construction, and accelerated cost and commercial synergy initiatives.
The AZEK acquisition created two new North America-focused reporting segments and is expected to deliver at least $500 million in commercial synergies over five years, with benefits beginning in fiscal 2027. The AZEK legacy Deck, Rail, and Accessories (DRNA) segment posted mid-single-digit sell-through growth in June 2025, exceeding prior guidance.
This transformative acquisition positions James Hardie Industries for accelerated long-term growth by leveraging a broader product portfolio and deeper relationships with large U.S. homebuilders.
Source Fool.com
