Fiber cement maker James Hardie's first-quarter profit falls 29%

James Hardie Industries

19/08/2025 22:09

Aug 20 (Reuters) - Fiber cement maker James Hardie JHX.AX reported a 29% drop in its first-quarter profit on Wednesday, as elevated borrowing costs weighed on housing demand and slowed new construction, dragging earnings in its key North America division.

The Dublin-headquartered firm reported adjusted net income of $126.9 million for the three months ended June 30, compared with $177.6 million last year.

That missed the Visible Alpha estimate of $158.5 million.

 (Reporting by Shivangi Lahiri and Sneha Kumar in Bengaluru; Editing by Maju Samuel)

 ((Shivangi.Lahiri@thomsonreuters.com;))