James Hardie (JHX) Reports Q1 Sales Down 9%

James Hardie (JHX) Industries reported first-quarter fiscal 2026 results with global net sales of $900 million, down 9% year over year, and adjusted EBITDA of $226 million. The acquisition of AZEK doubled its addressable market, with updated guidance to adjusted EBITDA of $1.05 billion to $1.15 billion for fiscal 2026.

The company expects at least $500 million in commercial synergies over five years from the AZEK acquisition. Despite a decline in sales in the South U.S., management remains optimistic about future growth opportunities. The company is focused on cost discipline and synergy capture to support margins and growth objectives.