JAMES HARDIE INDUSTRIES-CDI (JHX.AU) experienced a significant intraday surge of 8.18% on Thursday, driven by the company's announcement of preliminary first-quarter fiscal 2027 results that exceeded its prior guidance.
The company expects to report adjusted EBITDA of between $399 million and $407 million and net sales of between $1.45 billion and $1.48 billion for the quarter, surpassing its previous guidance ranges of $354 million to $375 million for adjusted EBITDA and $1.32 billion to $1.35 billion for net sales. The results were driven primarily by stronger-than-anticipated sales in the Siding & Trim segment.
CEO Aaron Erter stated that the performance reflects the team's execution and growth above market, rather than a meaningful improvement in the overall U.S. housing market. The company will provide an update on its full-year guidance during its upcoming earnings call.