Australia: In the third quarter of the 2022 financial year, James Hardie’s net sales rose by 22% year-on-year to US$900m. Its Asia Pacific fibre cement business recorded sales of US$140m, up by 20% and adjusted earnings before interest, taxation, depreciation and amortisation (EBIT) of US$38.2m, up by 17%. James Hardie’s North America fibre cement business’ sales also rose, by 24% to US$645m, while its adjusted EBIT rose by 18% to US$183m. Following the results, James Hardie raised its 2022 net income guidance to US$620 – 630m from US$605 – 625m.
Interim chief executive officer Harold Wiens said, "I am pleased to report the James Hardie team has continued to execute well on our stated global strategy.” He attributed the successes to “Firstly, enabling our customers to make more money by selling more James Hardie products and, secondly, marketing directly to the homeowners to create demand of our high value products through our customers."
Wiens also announced the launch of the company’s new Architectural cement boards collection.