Fiber cement maker James Hardie's first-quarter profit falls 29%
ReutersAug 19, 2025 9:09 PM
Aug 20 (Reuters) - Fiber cement maker James Hardie JHX.AX reported a 29% drop in its first-quarter profit on Wednesday, as elevated borrowing costs weighed on housing demand and slowed new construction, dragging earnings in its key North America division.
The Dublin-headquartered firm reported adjusted net income of $126.9 million for the three months ended June 30, compared with $177.6 million last year.
That missed the Visible Alpha estimate of $158.5 million.
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