ASX-listed shares of James Hardie hit near 1-year high on upbeat results, outlook
BUZZ-ASX-listed shares of James Hardie hit near 1-year high on upbeat results, outlook Updates
** ASX-listed shares of James Hardie JHX.AX JHA1.F rise as much as 5.4% to A$43.040, their highest level since August 19, 2025
** Stock posts its biggest intraday pct gain since July 23
** The fiber cement maker reports first-quarter adjusted net income of $209.3 million, a jump from $136.1 million a year earlier
** JHX raises its annual earnings forecast, now expects 2027 net sales of $5.56 billion to $5.72 billion, up from its previous forecast of $5.25 billion to $5.41 billion
** Esther Holloway, equity analyst at Morningstar, calls it "excellent result" for JHX
** "This is what James Hardie is known for, steadily taking market share gains as customers value fiber cement siding for their home given all the benefits it offers," says Holloway
** Stock up nearly 40% this year, including the day's move
(Reporting by Rajasik Mukherjee in Bengaluru)
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