James Hardie Industries plc. announced plans to close manufacturing facilities in California and South Carolina, representing 6% of North American volume. The closures are part of optimization measures expected to save $25 million annually starting in fiscal year 2027. The company will incur one-time charges of $40-44 million for severance, benefits, and other costs. These charges will be recognized in the fourth quarter of fiscal year 2026. James Hardie reaffirmed its guidance for the third quarter and full year of fiscal year 2026.

Read more at NASDAQ.: James Hardie Industries To Close Manufacturing Facilities In Fontana And Summerville