2023-08-08 01:09:03 ET
- James Hardie press release ( NYSE: JHX ): FQ1 Non-GAAP EPS of $0.39.
- Revenue of $954.3M (-4.6% Y/Y) beats by $16.86M .
- Record Global Adjusted EBITDA of $279.1 Million, with an Adjusted EBITDA margin of 29.2%.
- Record Global Adjusted EBIT of $234.2 Million, with an Adjusted EBIT margin of 24.5%.
- Operating Cash Flow increased 64% to $252.3 million.
- Outlook: Guidance for the second quarter of fiscal year 2024; we expect:
- Adjusted Net Income to be in the range of $170 million to $190 million
- North American volumes to be in the range of 740 million to 770 million standard feet
- North American EBIT margin to be in the range of 30% to 32%.
- For the full year FY24, we expect to spend a total of approximately $550 million in capital expenditures.
For further details see:
James Hardie reports FQ1 earnings; initiates Q2 and reaffirms FY23 outlook