Yahoo Finance James Hardie Industries Third Quarter 2023 Earnings: Misses Expectations
James Hardie Industries (ASX:JHX) Third Quarter 2023 Results
Key Financial Results
Revenue: US$860.8m (down 4.4% from 3Q 2022).
Net income: US$100.1m (down 26% from 3Q 2022).
Profit margin: 12% (down from 15% in 3Q 2022).
EPS: US$0.23 (down from US$0.30 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
James Hardie Industries Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) also missed analyst estimates by 34%.
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Basic Materials industry in Australia.
Performance of the Australian Basic Materials industry.
The company's shares are down 6.6% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with James Hardie Industries.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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