James Hardie's ASX-listed shares rise on US plants' closure, forecast reaffirmation

James Hardie Industries

16/01/2026 24:03

Updates

** ASX-listed shares of James Hardie JHA1.F, JHX.AX rise as much as 2.3% to A$35.790, hitting their highest level since August 19

** The fibre cement maker reaffirms its forecast for third quarter and FY26

** Citi sees reaffirmation as "modest positive"

 ** Co shuts down manufacturing plants in California, South Carolina, others

** Brokerage estimates site closures to give 2%-3% benefit to FY27 net profit after tax

** Expects to generate annualized cost savings of about $25 million

** Stock lost 38% in 2025

** JHX stock up over 15% so far this year, including current session's moves

** Stock has risen over 10% this week

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))