Fibre cement maker James Hardie logs 8% fall in annual profit
19/05/2026 21:41
May 20 (Reuters) - James Hardie Industries JHX.AX on Wednesday posted an 8% fall in yearly profit, as unfavourable weather conditions disrupted construction activity across its key market regions while inflationary and affordability pressures continued to hurt housing activity. The Dublin-based firm, among the world's biggest fibre cement makers, reported an adjusted net income of $595.7 million for the year ended March 31, compared with $644.3 million a year ago. That was slightly below the Visible Alpha consensus estimate of $597.7 million. (Reporting by Nikita Jino Maria and Jasmeen Ara Shaikh in Bengaluru; Editing by Shailesh Kuber) ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))
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