2023-05-16 02:14:42 ET
- James Hardie press release ( NYSE: JHX ): Q4 global Adjusted Net income of $146.2M, with an Adjusted EBITDA margin of 25.4%.
- Revenue of $917.8M (-5.2% Y/Y) beats by $14.39M .
- The outlook for the housing markets we participate in, globally, is still very uncertain.
- In our largest market, North America, we expect our addressable market to decrease between 14% and 19% in fiscal year 2024 versus fiscal year 2023.
- Guidance for the first quarter of fiscal year 2024; we expect: Adjusted Net Income to be in the range of US$145 million to US$165 million.
- North American volumes to be in the range of 680 million to 710 million standard feet
- North American EBIT margin to be in the range of 28% to 30%
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For the full year FY24, we expect to spend a total of approximately US$550 million in capital expenditures.
For further details see:
James Hardie reports Q4 results; initiates Q1 and FY24 guidance