Earnings Releases·Nov 5, 2026, 4:14 PM ET

James Hardie — Second Quarter FY27 Earnings Summary

Net sales grew 24% year-over-year to $1.428 billion for the quarter and 43% to $2.746 billion for the first half, while net income from continuing operations shifted from a $64.3 million loss to $149.8 million in the quarter and from a $12.0 million loss to $240.4 million for the first half.
Adjusted EBITDA surged 44% to $454.7 million in the quarter and 60% to $847.4 million for the first half, with margins expanding 450 and 960 basis points respectively, driven by strong performance in the DR&A segment (up 171% in H1) and the Boise Cascade integration.
Full-year fiscal 2027 net sales and Adjusted EBITDA guidance were reaffirmed, while the free cash flow target was raised to over $650 million; however, management expects lower Adjusted EBITDA in the third quarter and second half due to seasonality, freight costs, and a weaker macro environment.
Strategic capital allocation includes a $600 million debt repayment plan funded by the upcoming divestiture of European operations, alongside $111 million in term loan debt repaid during the quarter and $25 million in annualized cost savings expected from U.S. facility closures.
The company targets net leverage below 2.0x by the end of Q2 FY28, with synergy momentum ahead of schedule and a strategic pivot in ANZ toward broader building products and whole-home solutions.