ASX-listed James Hardie third-biggest gainer on benchmark after completing AZEK deal

James Hardie Industries

02/07/2025 06:50

** ASX-listed shares of James Hardie Industries JHX.AX jump 5.2% to A$42.89, their highest level since March 21

** Stock is the third-biggest gainer on benchmark ASX200 index .AXJO, which is up 0.8% and set for a record closing high

** Cement products maker says it has completed its $8.75 bln  acquisition of U.S. artificial decking maker AZEK

** In May, JHX projected tepid earnings growth for its North America business alongside a decline in annual profit, raising concerns over the acquisition

** Stock down 14.3% YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))