James Hardie Industries plc (NYSE: JHX) reported Q4 EPS of $0.41, $0.02 better than the analyst estimate of $0.39. Revenue for the quarter came in at $978.3 million versus the consensus estimate of $959.66 million.

Outlook and Earnings Guidance

The outlook for the housing markets we participate in globally continues to remain uncertain. In our largest market, North America, the external data providers we utilize expect our addressable market to be between a decrease of 4% and growth of 6% in calendar year 2024 versus calendar year 2023.

Guidance for the fourth quarter of fiscal year 2024; includes:

North American volumes to be in the range of 750 million to 780 million standard feet
North American EBIT margin to be in the range of 30% to 32%
Adjusted Net Income to be in the range of US$165 million to US$185 million

For the full year FY24, we expect to spend a total of approximately US$515 million in capital expenditures.

For earnings history and earnings-related data on James Hardie Industries plc (JHX) click here.