James Hardie Industries PLC's stock soared 8.46% intraday on Wednesday, following the release of its quarterly financial results and forward guidance.
The company reported better-than-expected Q4 results, with adjusted EPS of $0.30 beating analyst consensus estimates of $0.29. Q4 sales reached $1.404 billion while adjusted net income came in at $172.6 million.
More importantly, management issued upbeat FY2027 guidance, projecting full-year adjusted EBITDA of $1.45 billion to $1.5 billion and total net sales of $5.25 billion to $5.41 billion, with free cash flow expected to improve significantly. The company also targets 4% to 8% simulated adjusted EBITDA growth, which reinforced investor confidence in the company's long-term growth trajectory.