2024-02-17 08:25:26 ET
Summary
- James Hardie Industries is a manufacturer of fiber cement siding and other construction products.
- The company has a strong market position in North America, Australia, and New Zealand.
- After a beat on both revenue and EPS, shares of James Hardie had an unjustified sell-off that sent shares tumbling 12%.
- Despite indications for higher costs and minimal margin expansion ahead, the long-term thesis is still intact for the company and the valuation looks attractive today.
Please note all $ figures in , not , unless otherwise stated.
Introduction
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For further details see:
James Hardie Industries: Buy The Dip Post-Earnings