James Hardie Projects Over $650 Million Free Cash Flow for FY2027 and Targets Reduced Net Leverage
James Hardie Industries plc (JHX) reported strong second-quarter performance despite a challenging housing market. CEO Aaron Erter noted that net sales from continuing operations grew by 24%, driven by effective material conversion, commercial execution, and disciplined cost management. The company has provided optimistic long-term financial guidance, signaling free cash flow exceeding $650 million for fiscal year 2027. Additionally, James Hardie is targeting a reduction in net leverage to below 2x by the second quarter of fiscal year 2028.
Tickers: $JHX
Topics: earnings report financial performance net sales growth
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