JHX Analysis: James Hardie Industries Q2 FY26 Earnings Results

Event: James Hardie Industries Q2 FY26 Earnings Results | Date: 2025-11-18 | Source: James Hardie Investor Relations

Q2 FY26 Revenue Surges 34% on AZEK Acquisition, But Profit Dips Amid Integration Costs

James Hardie Industries released its Q2 FY26 earnings results on 18 November 2025, reporting net sales of $1.292 billion, a 34% increase year-on-year driven by the AZEK acquisition. Adjusted EBITDA reached $329.5 million, while statutory net profit slumped to $88 million due to acquisition-related costs. The company raised its full-year FY26 adjusted EBITDA guidance to $1.20–$1.25 billion, reflecting confidence in integration progress and synergy realisation. Key segment performances included North American Fiber Cement revenue of $766 million and AZEK's Deck, Rail & Accessories at $256 million. Free cash flow guidance for FY26 remains at greater than $500 million, incorporating incremental interest and transaction costs of approximately $315 million. Source: James Hardie Q2 FY26 Results.