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James Hardie 3Q Net Profit Jumps by 45%

By Rhiannon Hoyle


Australian building materials supplier James Hardie Industries reported a 45% rise in third-quarter net profit as sales rose and margins widened, although the company cautioned of continued uncertainty in its biggest housing markets.

James Hardie said it made a profit of $145.1 million in the three months through December, up from $100.1 million a year earlier. Adjusted net income increased by 39% to $179.9 million.

The company said it expects fourth-quarter adjusted net income of between $165 million and $185 million.

"The outlook for the housing markets we participate in globally continues to remain uncertain," it said. "In our largest market, North America, the external data providers we utilize expect our addressable market to be between a decrease of 4% and growth of 6% in calendar year 2024 versus calendar year 2023."


Write to Rhiannon Hoyle at


(END) Dow Jones Newswires

February 12, 2024 16:40 ET (21:40 GMT)

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