James Hardie flags challenging second quarter after strong start to year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 13 2024
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Source: Reuters
Challenging Second Quarter Forecast: James Hardie Industries warned of a difficult second quarter, projecting adjusted net income between $135 million and $155 million, down from the previous year's $178.9 million, primarily due to a decline in the North American market.
Stable Annual Profit Outlook: Despite the soft second-quarter guidance, the company reaffirmed its full-year profit forecast of $630 million to $700 million, with first-quarter results exceeding analysts' expectations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
