James Hardie forecasts lower earnings in fiscal 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2024
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Source: reuters
- James Hardie Industries Forecast: The world's largest fibre cement maker, James Hardie Industries, predicts lower earnings for fiscal 2025 due to a high interest rate environment affecting housing demand.
- Financial Outlook: The Dublin-based company expects adjusted net income for fiscal 2025 to range between $630 million and $700 million, lower than the $707.5 million recorded in fiscal 2024.
- Market Impact: High interest rates and inflation in North America have negatively impacted the housing sector, which represents about 74% of James Hardie Industries' global net sales.
- Revenue Growth: Despite challenges, the company reported a record net sales figure of $3.94 billion for fiscal 2024, marking a 4% increase from the previous year.
- Uncertain Housing Market: James Hardie Industries expressed concerns about the uncertain outlook for housing markets globally, reflecting ongoing challenges in the industry.
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.
