Q1 2025 James Hardie Industries PLC Earnings Call Transcript
Key Points
- James Hardie Industries PLC (JHX) delivered a solid start to FY25, surpassing bottom line expectations and achieving all three of their guidance metrics.
- North America volumes rose slightly, and the company achieved a 31.2% EBIT margin in the region, just above the midpoint of their guidance.
- The company reported total adjusted net income of $178 million, driven by robust operating results across all regions.
- James Hardie Industries PLC (JHX) continues to invest strategically across the value chain, positioning itself for sustainable growth despite challenging market conditions.
- The company achieved record sales in Europe, with strong growth in high-value products, and was recognized for exceptional customer focus in Germany.
- Business conditions remain challenging, with markets expected to contract low to mid-single digits for the fiscal year.
- The second quarter is anticipated to be particularly challenging, with North American volumes expected to decline mid to high single digits.
- Persistent affordability challenges have led to more modest home buying demand in North America, impacting new construction volumes.
- The Asia Pacific region experienced a 9% decrease in volumes due to weak market demand in Australia, driven by housing affordability and negative consumer sentiment.
- The company announced its intention to exit the Philippines market, indicating a strategic shift but also a reduction in its geographic footprint.
Welcome to the James Hardie fiscal first-quarter 2025 earnings conference call. (Operator Instructions) I would now like to hand the call over to Joe Ahlersmeyer, Vice President of Investor Relations. Please go ahead.
Thank you, operator. Hello, everyone, and thank you for joining today's call. Please note that on today's call, management will be referring to non-GAAP financial measures and making forward-looking statements. You can refer to several related cautionary notes on page 2 for more information.
Also, unless otherwise indicated, our materials and comments refer to figures in US dollars and any comparisons made are to the corresponding period in the prior fiscal year. Now please turn to page 3, where you will find the agenda for today's call.
I'm joined by Aaron Erter, Chief Executive Officer of James Hardie; and Rachel Wilson, our Chief Financial Officer. Aaron will share key messages for the quarter and discuss our strategy before handing it over to
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