James Hardie announced preliminary fiscal first quarter results for the period ended June 30, 2026, with consolidated net sales expected between $1.449 billion and $1.475 billion, exceeding prior guidance. The company reported GAAP net income expected at $102–104 million and consolidated Adjusted EBITDA expected at $399–407 million. Strong performance in Siding & Trim and improved Deck, Rail & Accessories sell-through drove the outperformance.
Financial Highlights
- Consolidated net sales: $1.449 to $1.475 billion (preliminary expected range for Q1 FY27).
- GAAP net income (consolidated): $102 to $104 million (preliminary expected range for Q1 FY27).
- Consolidated Adjusted EBITDA: $399 to $407 million (preliminary expected range; non-GAAP).
- Siding & Trim net sales: $846 to $860 million (preliminary expected range for Q1 FY27).
- Deck, Rail & Accessories (DR&A) net sales: $296 to $305 million (preliminary expected range for Q1 FY27).
Business Highlights
- Siding & Trim segment delivered stronger-than-anticipated sales, with segment Adjusted EBITDA expected at $282–288 million and GAAP operating income expected at $211–215 million, reflecting strong sell-through and underlying demand.
- Deck, Rail & Accessories saw improvement driven by channel inventory normalization and improving sell-through; DR&A Adjusted EBITDA expected at $79–83 million despite a small GAAP operating loss of $(3.1) to $(3.3) million.
- Management attributed results to execution and growth above market, continued conversion in decking, and positive contribution from sales and cost synergies tied to recent initiatives and the AZEK acquisition.
- Company plans to provide full first quarter results and update full-year guidance on the earnings call scheduled after market close on August 6, 2026 (webcast to follow).
Original SEC Filing:
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