Fibre cement maker James Hardie's full-year profit falls 9%

James Hardie Industries

20/05/2025 22:44

May 21 (Reuters) - James Hardie Industries JHX.AX, the world's largest fibre cement maker, reported a 9% drop in annual profit on Wednesday, weighed by a weaker performance in its Asia Pacific segment coupled with a modest dip in the North American segment's net sales.

The Dublin-based firm reported an annual adjusted net income of $644.3 million, compared with $707.5 million a year ago and higher than its full-year forecast of at least $635 million.

It beat a Visible Alpha consensus estimate of $643.6 million.

 (Reporting by Roshan Thomas and Aaditya Govind Rao in Bengaluru; Editing by Alan Barona)

 ((Aaditya.govindrao@thomsonreuters.com))