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Update: James Hardie Industries Fiscal Q1 Adjusted Earnings, Net Sales Up; Shares Up 5%

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(Updates to add stock movement in the headline and the last paragraph)

James Hardie Industries (ASX:JHX) logged $0.36 in adjusted EPS for the fiscal first quarter, compared with $0.32 a year ago, a Friday filing showed.

Analysts polled by FactSet expected earnings of $0.33.

For the three months ended June 30, net sales was $1.47 billion versus $899.9 million previously, the Australia-listed global building materials company added. Analysts surveyed by FactSet expected $1.42 billion.

The company expects fiscal 2027 total net sales to range between $5.56 billion and $5.72 billion, adjusted earnings before interest, taxes, depreciation, and amortization to be between $1.54 billion and $1.63 billion, and free cash flow to be at least $500 million. Analysts surveyed by FactSet expect fiscal 2027 net sales of $5.54 billion.

The company's shares rose around 5% in recent Friday trade.

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