James Hardie Industries Issues Fiscal Q2 Outlook; Shares Up Pre-Bell

MT Newswires Live
Oct 07

James Hardie Industries (JHX) said Tuesday it expects fiscal Q2 adjusted earnings of $0.26 to $0.27 per diluted share.

Analysts polled by FactSet expect $0.17.

The company also estimated fiscal Q2 net sales of $1.29 billion to $1.30 billion. Analysts polled by FactSet expect $1.20 billion.

James Hardie said the sales performance of its Siding and Trim business exceeded expectations and was reflected in the fiscal Q2 estimates.

Shares of James Hardie Industries were up more than 12% in recent premarket activity Tuesday.

Price: 22.51, Change: +2.42, Percent Change: +12.05

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