James Hardie Industries (NYSE:JHX) Posts Earnings Results, Beats Estimates By $0.01 EPS

James Hardie Industries (NYSE:JHX) released its quarterly earnings results on Tuesday. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01, Zacks reports. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.21 billion. James Hardie Industries had a net margin of 4.67% and a return on equity of 18.40%. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS.

Here are the key takeaways from James Hardie Industries’ conference call:

• AZEK integration is accelerating — the company says it has already surpassed FY?2026 cost synergy targets and is confident of reaching a $125 million annualized cost synergy and a $125 million commercial synergy run?rate exiting FY?2027, supported by early distributor and dealer wins.
• Q3 outperformance and tightened guidance — consolidated net sales rose 30% (including $275M AZEK), organic sales +1%, adjusted EBITDA was $330M (26.6%), and management raised full?year adjusted EBITDA guidance while reaffirming at least $200M of free cash flow for FY?2026.
• Siding & Trim faces near?term pressure — legacy North America fiber cement organic net sales declined 2% in the quarter (lower volumes driven by new construction weakness in Texas, West and Southeast), and management expects an approximate 6% organic decline at the FY midpoint despite announced plant closures that will deliver ~$25M of annual cost savings starting in FY?2027.
• TimberTech / Deck & Rail continues to outperform — mid?single digit sell?through growth, continued material?conversion momentum (decking ~25% converted), product innovation and channel expansion underpin management’s goal to outgrow the market and deliver 500–700 bps of growth above market over time.

James Hardie Industries Price Performance

JHX stock opened at $24.36 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.23. The business has a 50 day simple moving average of $21.95 and a 200-day simple moving average of $21.51. The firm has a market capitalization of $10.47 billion, a PE ratio of 50.75, a price-to-earnings-growth ratio of 7.52 and a beta of 1.80. James Hardie Industries has a 1 year low of $16.46 and a 1 year high of $33.46.

Key Headlines Impacting James Hardie Industries

Here are the key news stories impacting James Hardie Industries this week:

• Positive Sentiment: Q3 results beat expectations: EPS of $0.24 beat the Street ~$0.23 and revenue rose ~30% year?over?year, showing strong top?line momentum. James Hardie Reports Third Quarter FY26 Results
• Positive Sentiment: Acquisition lift: Management attributes the large revenue jump to the AZEK acquisition, which materially increased Q3 sales and expands James Hardie’s product mix and distribution. James Hardie lifts Q3 sales 30% on AZEK acquisition
• Positive Sentiment: Guidance raised: Management raised guidance following the quarter, reinforcing the better?than?expected results and supporting near?term revenue and earnings visibility. James Hardie shares rise as Q3 earnings beat estimates, guidance raised
• Neutral Sentiment: Market reaction and investor takeaway: Shares jumped in immediate trading as investors priced in the acquisition benefit and the guidance bump; read the earnings call transcript for management detail. Q3 2026 Earnings Call Transcript
• Negative Sentiment: Profitability still pressured year?over?year: EPS declined from $0.36 a year earlier to $0.24 this quarter and net margin remains modest (~4.7%), indicating margin pressure despite revenue growth. James Hardie (JHX) Reports Q3 Earnings
• Negative Sentiment: Valuation and volatility: The shares trade at a rich P/E (~50.8) and carry above?market beta (~1.8), which raises sensitivity to execution risk and macro housing/commodity cycles.

Hedge Funds Weigh In On James Hardie Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP purchased a new position in shares of James Hardie Industries during the 2nd quarter worth $1,608,000. Polymer Capital Management US LLC acquired a new stake in James Hardie Industries during the third quarter worth about $1,153,000. Alliancebernstein L.P. acquired a new stake in James Hardie Industries during the third quarter worth about $1,090,000. Susquehanna Advisors Group Inc. purchased a new position in James Hardie Industries during the third quarter worth about $965,000. Finally, Public Employees Retirement System of Ohio acquired a new position in James Hardie Industries in the 3rd quarter valued at about $877,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Oppenheimer increased their price objective on shares of James Hardie Industries from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, November 19th. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday. Raymond James Financial set a $21.00 price objective on James Hardie Industries in a report on Monday, December 8th. Robert W. Baird cut their price objective on James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Finally, Vertical Research upgraded James Hardie Industries from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.93.

James Hardie Industries Company Profile

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.