James Hardie's Australia-listed shares surge on hiking annual forecasts

James Hardie Industries

18/11/2025 24:53

Updates

** James Hardie Industries' Australia-listed shares JHX.AX up 6.2% at A$27.02 - head for best day since October 8, if current gains hold

** Fibre cement maker rises as much as 8.7% earlier in the day to hit its highest level since November 5

** Co hikes FY adjusted EBITDA and net sales forecasts for its siding and trim segment

** Posts second-quarter adjusted net income of $154 million, beating Visible Alpha estimates

** Co names Ryan Lada as CFO, succeeding Rachel Wilson; appoints Nigel Stein as chair

** Citi says earnings risk is manageable through FY27 for co

** Brokerage maintains "buy" rating and price target of A$36.50

** Stock down ~45% this year, including the day's move

 (Reporting by John Biju & Rajasik Mukherjee in Bengaluru)

 ((John.Biju@thomsonreuters.com;))