James Hardie Industries Says In Australia, Anticipates Addressable Underlying Housing Market Will Decrease In FY25 Versus FY24; Net Sales From Australian Business Are Expected To Trend Above The Average Growth Of Domestic Alterations And Additions And Single Family Detached Housing Markets
Portfolio Pulse from Benzinga Newsdesk
James Hardie Industries anticipates a decrease in the addressable underlying housing market in Australia for FY25 compared to FY24. However, the company expects its net sales from the Australian business to trend above the average growth of domestic alterations, additions, and single-family detached housing markets.
May 20, 2024 | 8:49 pm
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James Hardie Industries expects a decrease in the Australian housing market for FY25 but anticipates its net sales to trend above the average growth of domestic alterations, additions, and single-family detached housing markets.
While the overall housing market in Australia is expected to decline, James Hardie Industries projects its net sales to outperform the market. This mixed outlook may result in a neutral short-term impact on the stock price as investors weigh the negative market trend against the company's positive sales expectations.
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