James Hardie's ASX shares surge on upbeat earnings, outlook, Jefferies sees growth accelerating

James Hardie Industries

11/02/2026 05:01

updates

** Australia-listed shares of James Hardie Industries JHX.AX rise as much as 14% to A$37.89, logging their biggest intraday pct gain since early August 2023

** Stock hits its highest level since August 19, among top gainers on the broader benchmark .AXJO

** Fibre cement maker logs Q3 adjusted net profit of $142.2 million, beating Visible Alpha estimate of $130.1 million

** Hikes FY26 EBITDA forecast to $1.23 billion-$1.26 billion from $1.20 billion-$1.25 billion

** Jefferies notes third-quarter margins surprised to the upside, and activity in co's largest division, siding, stabilized

** Brokerage says JHX has shown solid growth in a challenged end-market environment, and it sees growth accelerating with more supportive market tailwinds and company-specific initiatives

** Adds, Azek acquisition accelerates growth initiatives across the combined customer base

** Stock up 19.3% YTD

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))