James Hardie Full-Year Report 2024

Speaking to the results, James Hardie CEO Aaron Erter said, “Our team’s focus remains simple: working safely, partnering with our customers, managing decisively, and controlling what we can control. This focus has enabled us to deliver a strong fourth quarter and fiscal year for Adjusted Net Income.”

Mr. Erter continued, “I believe our fiscal year results are proof points that we are accelerating through this cycle and taking share. We have a superior value proposition that helps our customers grow profitably and be successful. Our team is focused on maintaining momentum and consistency to deliver strong financial results again in fiscal year 2025 as highlighted by our guidance range provided today. We are homeowner-focused, customer and contractor driven, providing the entire value chain with world-class products and services.”

Highlights

• Record Net Sales of US$3,936.3 Million, up 4%
• Record Adjusted EBITDA of US$1,125.8 Million, with an Adjusted EBITDA margin of 28.6%
• Record Adjusted EBIT of US$940.8 Million, with an Adjusted EBIT margin of 23.9%
• .Record Adjusted Net Income of US$707.5 Million, up 17%
• Adjusted Diluted EPS of US$1.61 per share, up 18%
• Record Full Year Operating Cash Flow of US$914.2 Million, up 50%