James Hardie Industries Says It Expects U.S. Residential End Markets To Be Down Slightly In FY25 Versus FY24; Expects Growth In New Construction To Be More Than Offset By Declines In R&R Activity Given Segment Mix
Portfolio Pulse from Benzinga Newsdesk
James Hardie Industries expects a slight decline in U.S. residential end markets for FY25 compared to FY24. The company anticipates growth in new construction will be more than offset by declines in repair and remodel (R&R) activity due to segment mix.
May 20, 2024 | 8:47 pm
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James Hardie Industries expects a slight decline in U.S. residential end markets for FY25, with growth in new construction offset by declines in R&R activity.
The forecasted decline in U.S. residential end markets, particularly in the R&R segment, suggests potential revenue challenges for James Hardie Industries. This could negatively impact the stock price in the short term.
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