James Hardie Industries Reaffirms FY25 Guidance
Portfolio Pulse from Benzinga Newsdesk
James Hardie Industries has reaffirmed its FY25 guidance despite anticipating a challenging market backdrop in North America during its fiscal second quarter. The company expects North American volumes to be between 705 million to 735 million standard feet and EBIT margins to range from 27.5% to 29.5% for Q2 FY25. Full-year guidance remains unchanged with North American volumes projected at 2.95 to 3.15 billion standard feet, EBIT margins at 29% to 31%, and adjusted net income between $630 million to $700 million.
August 12, 2024 | 10:00 pm
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James Hardie Industries reaffirms its FY25 guidance despite anticipating a challenging market in North America during Q2. The company expects Q2 volumes between 705-735 million standard feet and EBIT margins of 27.5%-29.5%. Full-year guidance remains unchanged.
Reaffirming guidance despite market challenges indicates management's confidence in achieving targets, which is likely to be viewed positively by investors. The unchanged full-year guidance suggests stability and reliability in the company's performance outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100