James Hardie's Repair & Remodel Outlook Surprises RBC -- Market Talk

Dow Jones
21 May
 

2308 GMT - James Hardie Industries' updated FY 2026 outlook catches RBC Capital Markets a little off guard. James Hardie is planning for market volumes in North America to contract in FY 2026, including a fourth consecutive year of declines in large-ticket repair & remodel activity. North America represents around three-quarters of James Hardie's net sales. "We view its comments on R&R markets being worse than new construction as somewhat surprising," analyst Matthew McKellar says. RBC expects a mid-single digit decline in single-family starts in 2025. It also projects slight growth in repair & remodel activity. "Although we appreciate there could be additional pressure on large-ticket R&R in an uncertain macro environment," RBC says. It has a "neutral" call on James Hardie. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

May 20, 2025 19:08 ET (23:08 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10