James Hardie's Australia-listed shares surge on upbeat earnings, outlook

James Hardie Industries

11/02/2026 24:14

** Australia-listed shares of James Hardie Industries JHX.AX rise as much as 13.1% to A$37.6, logging their biggest intraday pct gain since early November 2023

** Stock hits highest level since August 19, among top gainers on 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

** Cites expectations of channel inventories to remain at seasonally normal level for rest of FY behind hike in earnings view

** Stock up 19.8% YTD, including the day's moves

(Reporting by Nikita Maria Jino in Bengaluru)

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