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James Hardie Industries plc (NYSE:JHX), a leading manufacturer in the concrete and brick industry with a market capitalization of $10.2 billion, has submitted its latest report to shareholders. The document, filed today with the U.S. Securities and Exchange Commission, details current company affairs and is available for public viewing. According to InvestingPro data, the company maintains strong financial health with a current ratio of 2.18, indicating robust liquidity.
The report, dated April 28, 2025, was signed by Aoife Rockett, the Company Secretary of James Hardie Industries. It is a standard requirement for foreign private issuers under the rules of the Securities Exchange Act of 1934, specifically Rule 13a-16 or 15d-16, which mandates monthly updates. The timing of this filing is particularly relevant as the company approaches its next earnings announcement, scheduled for May 20, 2025.
Headquartered in Dublin, Ireland, James Hardie Industries has a history of name changes, previously known as James Hardie Industries SE , James Hardie Industries N.V., and Hardie James Industries NV. The company’s fiscal year ends on March 31.
The shareholder letter included in the filing, referenced as Exhibit 99.1, is expected to contain important information about the company’s performance and strategic direction. However, the contents of the letter have not been disclosed in this summary.
Investors and those interested in the company’s activities can access the full report filed as Form 6-K on the SEC’s website. This filing provides transparency into the company’s operations and compliance with international reporting standards.
James Hardie Industries is known for its production of concrete products, excluding block and brick, under the standard industrial classification code 3272. The company trades on the New York Stock Exchange, providing investors with the opportunity to engage with the international building materials market. InvestingPro analysis suggests the stock is currently undervalued, with multiple growth indicators and a solid financial health score. Subscribers can access over 10 additional ProTips and a comprehensive Pro Research Report, part of InvestingPro’s coverage of 1,400+ US equities.
The information provided in this article is based solely on the press release statement from James Hardie Industries plc and does not include any speculative or additional insights.
In other recent news, James Hardie Industries has announced a definitive agreement to acquire The AZEK Group for $8.75 billion, which includes AZEK’s net debt. This acquisition is expected to increase James Hardie’s revenue to approximately $5.4 billion and enhance its EBITDA margin to 27%, according to Moody’s. The merger will expand James Hardie’s market reach and improve cash flow generation. Additionally, James Hardie has entered an exclusive multi-year supply agreement with subsidiaries of Daiwa House USA Holdings, positioning itself as the sole provider of siding and trim for new homes built by these companies through the end of 2027.
In other developments, James Hardie has launched the Hardie™ Designer, an AI-powered home design tool in collaboration with Hover, allowing homeowners to visualize their home’s exterior with Hardie® products. This innovation aims to simplify the home renovation process by providing a real-time, photorealistic design experience. On the analyst front, BofA Securities has upgraded James Hardie’s stock to a Buy rating with a price target of AUD43.40, citing potential earnings growth and an attractive entry point due to a recent stock price decline. Similarly, Truist Securities has reiterated its Buy rating, highlighting strategic collaborations and the company’s strong position in the market despite challenges with its Australian shareholder base.
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