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Asia

James Hardie Industries to Sell Fermacell Unit for $980 Million

James Hardie Industries (ASX:JHX) entered into an agreement to sell its Fermacell sustainable walling and flooring unit in Europe, including the fermacell and Aestuver brands, to Holcim for about $980 million in cash, according to a Friday statement by the company.About $600 million of the transaction proceeds will be used to repay debt, accelerating progress toward the company's stated target of net leverage below two times by Sept. 30, 2027, with the board also authorizing a new $250 million share repurchase program.The deal is expected to close in the first half of calendar 2027, per the statement.The company said it also intends to close its European fiber cement business, subject to customary legal, regulatory, and employee consultation requirements.

ASX:JHX
Asia

James Hardie Industries to Fight Disclosure-Related Proceedings in Supreme Court of Victoria

James Hardie Industries (ASX:JHX) will defend itself in class-action proceedings filed in the Supreme Court of Victoria alleging that it breached securities and consumer law with respect to guidance issued in 2025, according to an Aug. 14 filing with the Australian bourse."James Hardie considers that it has at all times complied with its disclosure obligations, denies any liability and will vigorously defend the proceedings," the company said.The proceeding is brought on behalf of people who acquired an interest in the company's securities between May 21, 2025, and Aug. 19, 2025, per the filing.

ASX:JHX
Asia

James Hardie Industries Urges Shareholders to Vote in Favor of CEO Equity Grant Proposal

James Hardie Industries (ASX:JHX) urged shareholders to vote in favor of a CEO equity grant proposal at an Aug. 21 annual meeting, pushing back against a recommendation made by the Australian Council of Superannuation Investors (ACSI), according to a Tuesday filing with the Australian bourse.Despite its recommendation to vote against the proposal, the ACSI acknowledged positive changes the company has made to its long-term incentive (LTI) structure, including a substantial reduction in LTI opportunity and the removal of a cash-settled component, James Hardie said.However, the company disagrees with ACSI's assertion that the average annual adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) growth targets create the potential for significant payouts for odd outcomes, or that adjusted EBITDA is an unsatisfactory LTI measure.The EBITDA measure aims to reward the consistent delivery of annual operating performance and year-on-year growth throughout the three-year performance period rather than focusing only on the cumulative outcome at the end of fiscal 2029, James Hardie said.It added that the board "deliberately adopted this approach in light of the heightened uncertainty currently affecting the North American housing market."

ASX:JHX
Asia

James Hardie Industries Urges Vote in Favor of Proposal to Boost Non-Executive Director Fee Pool

James Hardie Industries (ASX:JHX) urged shareholders to vote for a proposal to increase its non-executive director fee pool at an Aug. 21 annual meeting, saying its revised fee structure reflects extensive feedback from shareholders, according to a Tuesday filing with the Australian bourse.The company noted that proxy advisory firm Institutional Shareholder Services has recommended a vote against the proposal, but argued that the fee cap increase is necessary to ensure it can "appropriately remunerate a potentially larger board in the short to medium term."James Hardie also said the proposal "should be considered against the significant expansion of directors' duties over time," including a greater regulatory burden as a result of the company's New York Stock Exchange listing.It added that the proposed cap is an upper limit, not an automatic spend.

ASX:JHX
Asia

Australian Shares Flat; James Hardie Industries Fiscal Q1 Adjusted Earnings, Net Sales Up

Australian shares were flat at market close on Friday as investors await US jobs data that could impact next month's interest rate decision by the Federal Reserve.The S&P/ASX 200 Index was little changed at 9,263.60.Overnight on Wall Street, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.2%, 0.1%, and 0.9%, respectively.Brent crude futures ​rose over 1% to around $83 per barrel, after jumping over 3% ​overnight. Iran is reviewing a draft bill which would bar US and Israeli vessels from transiting the Strait of Hormuz.On the domestic front, the value of new payments platform transactions in Australia rose nearly 34% year over year to AU$265.8 billion in June, according to new retail payment figures from the Reserve Bank of Australia.In company news, James Hardie Industries (ASX:JHX) logged $0.36 in adjusted EPS for the fiscal first quarter, compared with $0.32 a year ago. For the three months ended June 30, net sales was $1.47 billion versus $899.9 million previously.Nick Scali (ASX:NCK) logged AU$0.885 in earnings per share for fiscal year 2026, compared with AU$0.675 a year ago. For the 12 months ended June 30, revenue was AU$516.7 million versus AU$495.3 million previously.Lastly, Charter Hall Retail REIT (ASX:CQR) logged AU$0.2639 in operating earnings per unit for fiscal year 2026, compared with AU$0.2538 a year ago. For the 12 months ended June 30, revenue was AU$176.9 million versus AU$198 million previously.

ASX 200ASX:CQRASX:JHXASX:NCK
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Mineral 260 (ASX:MI6): +10%, AU$0.80Light & Wonder CDI (ASX:LNW): +7%, AU$126.43Iluka Resources (ASX:ILU): +7%, AU$7.25Pilbara Minerals (ASX:PLS): +6%, AU$4.57Telix Pharmaceuticals (ASX:TLX): +6%, AU$15.89Liontown Resources (ASX:LTR): +6%, AU$1.14Predictive Discovery (ASX:PDI): +6%, AU$0.77West African Resources (ASX:WAF): +5%, AU$3.49James Hardie Industries (ASX:JHX): +5%, AU$42.78Neuren Pharmaceuticals (ASX:NEU): +4%, AU$22.52

ASX 200ASX:ILUASX:JHXASX:LNWASX:LTRASX:MI6ASX:NEUASX:PDIASX:PLSASX:TLXASX:WAF
Asia

James Hardie Industries Details Compensation Redesign, Urges Vote in Favor of CEO's Equity Grant; Shares Rise 5%

James Hardie Industries (ASX:JHX) said it incorporated extensive investor feedback to redesign its compensation structure, as it urged shareholders to vote in favor of a CEO equity grant proposal at an Aug. 21 annual meeting, according to a Thursday statement filed with the Australian bourse on Friday.The company noted that proxy research firm Ownership Matters has recommended a vote against the CEO's equity grant.James Hardie said it made several key changes to its long-term incentives following "disappointing voting outcomes" at its 2025 annual meeting, including the introduction of a predominantly performance-based structure for the CEO and the alignment of performance goals with externally communicated guidance."The board strongly believes that these awards strengthen alignment with long-term shareholder value creation, while adequately reflecting US market practice," the company said. "In particular, the stock options incorporate an inherent share price hurdle and only deliver value if the company's share price exceeds the strike price at vesting."Additionally, James Hardie disagrees with Ownership Matters' assertion that the average annual adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) growth targets create a risk of perverse outcomes.It said the purpose of the EBITDA measure is to reward the consistent delivery of annual operating results across the three-year performance period rather than focusing only on the cumulative outcome at the end of fiscal year 2029.The company's shares gained 5% in recent Friday trade.

ASX:JHX
Asia

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

(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.

ASX:JHX
Asia

ASX Preview: Australian Shares to Fall as Oil Surge; ResMed Fiscal Q4 Non-GAAP Earnings, Revenue Up

Australian shares are poised to fall on Friday after oil prices surged more than $3 a barrel as investors reacted to reports that an Iranian parliament committee is reviewing a bill that could restrict US and Israeli vessels from the Strait of Hormuz, raising concerns over potential disruptions to global energy supplies.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.2%, 0.1%, and 0.9%, respectively.In the macroeconomy, investors are eyeing the Reserve Bank of Australia's interest rate decision next week.In corporate news, ResMed (ASX:RMD) reported Friday fiscal fourth quarter non-GAAP earnings of $2.95 per share on revenue of $1.46 billion, compared with non-GAAP earnings of $2.55 on revenue of $1.35 billion a year earlier.James Hardie Industries (ASX:JHX) reported Friday fiscal first quarter adjusted earnings of $0.36 per share on net sales of $1.47 billion, compared with adjusted earnings of $0.32 on net sales of $899.9 million a year earlier.Australia's benchmark index rose 0.5%, or 43.8 points, to close at 9,271.60 on Thursday.

ASX 200ASX:JHXASX:RMD
Asia

James Hardie Industries Fiscal Q1 Adjusted Earnings, Net Sales Up

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.

ASX:JHX
Asia

James Hardie Says Boise Cascade to Become Sole US Distributor for Exterior Building Products

James Hardie Industries (ASX:JHX) said late on Monday that its unit James Hardie Building Products designated Boise Cascade as its sole nationwide distribution partner for exterior building products in the US, according to a statement.James Hardie Building Products and Boise Cascade expanded their partnership, under which the latter's building materials distribution division will become the sole nationwide distributor of James Hardie's and its North American affiliates' exterior building products in the US, effective July 31. James Hardie will consolidate its distribution network across all regional markets. Boise Cascade will transition away from distributing competitive siding, trim, and exterior moulding products.The unit also said in a separate statement that it expanded its portfolio arrangements with several of its existing regional distributors to include its exterior building products in select locations.The distributors include Capital Lumber, Dixie Plywood and Lumber, Lumbermen's, Parksite, Woodgrain, and Woolf Distributing. They will carry Hardie siding and trim in their product lines alongside existing AZEK and TimberTech products.

ASX:JHX
Research

Jarden Downgrades James Hardie Industries to Neutral from Overweight, Adjust Price Target to AU$37.60 from AU$34.20

James Hardie Industries (ASX:JHX) has an average rating of overweight and mean price target of AU$40.31, according to analysts polled by FactSet.

ASX:JHX
Asia

Australian Shares Flat; Santos Posts Higher Q2 Total Production

Australian shares were flat with a positive bias on Thursday despite oil prices reaching their highest point in over a month.The S&P/ASX 200 Index was little changed to close at 8,839.Overnight, the S&P 500 and the Nasdaq Composite fell 0.1% and 0.6%, respectively, on Wall Street.Brent crude oil futures rose around 2% to trade around $96 per barrel as the conflict in the Middle East continued and concerns grew over potential supply disruptions linked to threats against shipping routes.Gold prices climbed to trade around $4,116 per ounce amid renewed safe-haven demand, while iron ore futures rose over 1% to around $98 in Singapore.On the domestic front, Australia's seasonally adjusted unemployment rate remained flat at 4.4% in June compared with the previous month, data from the Australian Bureau of Statistics showed. The total number of employed people increased by 76,300, bringing the total to 14.8 million.The improvement in aggregate business conditions in Australia during the June quarter continues to be driven by larger businesses, Westpac said. The Westpac Business Performance Gauge, which represents the ratio of operating revenues to operating expenses, rose 0.2% quarter-over-quarter in the June quarter, a softer pace than in recent quarters, while the Westpac Cashflow Gauge, which represents the ratio of operating revenues to operating expenses plus liabilities, rose 0.3%.In company news, Santos (ASX:STO) reported total production of 23.1 million barrels of oil equivalent (MMboe) in the second quarter ended June 30, up on last year's 22.2 MMboe.James Hardie Industries (ASX:JHX) expects to report first-quarter fiscal 2027 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of between $399 million and $407 million and net sales of between $1.45 billion and $1.48 billion.Lastly, Karoon Energy (ASX:KAR) reported total production of 1.1 million barrels of oil equivalent (MMboe) in the second quarter ended June 30, down from last year's 2.9 MMboe.

ASX 200ASX:JHXASX:KARASX:STO
Asia

James Hardie Industries to Post Higher Q1 Adjusted EBITDA, Net Sales

James Hardie Industries (ASX:JHX) expects to report first-quarter fiscal 2027 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of between $399 million and $407 million and net sales of between $1.45 billion and $1.48 billion, according to a Thursday Australian bourse filing.The company reported adjusted EBITDA of $225.5 million with net sales of $899.9 million in the same period last year, an earlier filing showed.The company had prior guidance of net sales of $1.32 billion to $1.35 billion and adjusted EBITDA of $354 million to $375 million, the filing added.

ASX:JHX
Asia

James Hardie Industries Unit Redeems $400 Million Senior Unsecured Notes

James Hardie Industries (ASX:JHX) said its wholly owned subsidiary, James Hardie International Finance, redeemed the entire $400 million aggregate principal amount of its 5% senior unsecured notes due 2028 on Thursday, according to a Friday Australian bourse filing.The notes were redeemed at full principal value, together with all accrued and unpaid interest up to, but not including, the redemption date, the filing said.The notes are no longer outstanding following the redemption and will cease to accrue interest, the filing added.

ASX:JHX
Asia

Australian Shares Flat; oOh!media Confirms Non-Binding Indicative Offer From Bain Capital

Australian shares were flat with a negative bias on Tuesday as investors weighed in on the cessation of strikes between Israel and Iran after an exchange over the weekend.The S&P/ASX 200 Index was little changed to close at 8,604.20.Brent crude oil futures fell to trade at around $93 per barrel after indications of de-escalation between Israel and Iran.On Wall ​Street, the Nasdaq fell over 4% on Friday, but rebounded 0.9% overnight. Stronger economic activity and job growth in the US led investors to expect the Federal Reserve to delay its rate cuts.On the domestic front, Australia's consumer confidence fell further into pessimistic territory in June as cost-of-living pressures, weakening household finances, and softer housing expectations continued to weigh on sentiment. The Westpac-Melbourne Institute Consumer Sentiment Index fell 2.9% to 80.6 in June from 83 in May.Business confidence in Australia lifted off a low base, rising 10 points to negative 14 index points in May. However, it is still weak, and margin pressures are likely to remain a factor for businesses in the months ahead, according to the NAB Monthly Business Survey. Sentiment remains negative across all industries despite the increase, and overall conditions continue to track below average through the year.The total value of residential dwellings in Australia rose 2.5% in the March quarter, settling at AU$12.773 trillion. The mean price of residential buildings rose AU$22,300 to AU$1.1 million in the quarter.In company news, oOh!media (ASX:OML) confirmed that it has received conditional non-binding indicative offers from Bain Capital and other financial sponsors, consistent with the terms of the I Squared Capital proposal. The company on May 11 said it received an unsolicited, non-binding takeover offer from I Squared Capital to acquire the company for AU$1.45 per share in cash via a scheme of arrangement.James Hardie Industries (ASX:JHX) has been served with a group proceeding in the Supreme Court of Victoria on behalf of investors who acquired securities between May 21, 2025, and Aug. 19, 2025, alleging that it breached regulations in relation to forward-looking statements about its forecast financial performance. It denied the allegations and said it will vigorously defend the case.Coast Entertainment Holdings (ASX:CEH) said Queensland's State Assessment and Referral Agency (SARA) has issued its referral agency response to the Deputy Premier and Minister for State Development, Infrastructure and Planning regarding the company's Dreamworld precinct development application. SARA's response is the penultimate step in the call-in process and is submitted to the Minister for consideration ahead of a final decision.

ASX 200ASX:CEHASX:JHXASX:OML
Asia

Update: James Hardie Industries Faces Victoria Class Action Alleging Disclosure Breaches

(Updates to add stock movement in the last paragraph)James Hardie Industries (ASX:JHX) has been served with a group proceeding in the Supreme Court of Victoria on behalf of investors who acquired securities between May 21, 2025, and Aug. 19, 2025, according to a Tuesday Australian bourse filing.The claim alleges that the company breached the Corporations Act 2001, the Australian Securities and Investments Commission Act 2001, and Australian Consumer Law in relation to forward-looking statements about its forecast financial performance, per the filing.The company denied the allegations and maintains that it has met all disclosure obligations, rejects liability, and says it will vigorously defend the case, per the filing.The company's shares fell past 2% in recent Tuesday trade.

ASX:JHX
Asia

ASX Preview: Australian Shares Set to Rise as Oil Gains on Iran-Israel Tensions; James Hardie Industries Faces Victoria Class Action Alleging Disclosure Breaches

Australian shares are poised to rise on Tuesday as oil prices gained amid renewed Middle East tensions following exchanges of strikes between Iran and Israel and concerns over supply disruptions through the Strait of Hormuz.The move comes despite an agreement by the Organization of the Petroleum Exporting Countries to increase output targets.Overnight, the S&P 500 and the Nasdaq Composite rose 0.3% and 0.9% respectively, while the Dow Jones Industrial Average fell 0.2%.In the macroeconomy, investors are eyeing the Westpac-Melbourne Institute Consumer Sentiment Index and National Australia Bank Business Confidence Index.In corporate news, James Hardie Industries (ASX:JHX) has been served with a group proceeding in the Supreme Court of Victoria on behalf of investors who acquired securities between May 21, 2025, and Aug. 19, 2025, alleging breaches of Australian corporate and consumer law relating to forward-looking statements about its forecast financial performance.Rio Tinto (ASX:RIO) said Tuesday it is increasing its annual community investment commitment in Canada by 30% through its Rio Tinto Canada Fund, bringing total annual funding to CA$13 million to support community-led initiatives across the country.Australia's benchmark index fell 0.7% or 61 points to close at 8,625.10 on June 5.

ASX 200ASX:JHXASX:RIO
Asia

James Hardie Industries Faces Victoria Class Action Alleging Disclosure Breaches

James Hardie Industries (ASX:JHX) has been served with a group proceeding in the Supreme Court of Victoria on behalf of investors who acquired securities between May 21, 2025, and Aug. 19, 2025, according to a Tuesday Australian bourse filing.The claim alleges that the company breached the Corporations Act 2001, the Australian Securities and Investments Commission Act 2001, and Australian Consumer Law in relation to forward-looking statements about its forecast financial performance, per the filing.The company denied the allegations and maintains that it has met all disclosure obligations, rejects liability, and says it will vigorously defend the case, per the filing.

ASX:JHX
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Alcoa Corp (ASX:AAI): +4%, AU$93.22South32 (ASX:S32): +4%, AU$4.29Capstone Copper (ASX:CSC): +3%, AU$13.81James Hardie Industries (ASX:JHX): +3%, AU$28.97Evolution Mining (ASX:EVN): +3%, AU$12.18Rio Tinto (ASX:RIO): +2%, AU$186.03NEXTDC (ASX:NXT): +2%, AU$14.91SGH (ASX:SGH): +2%, AU$41.81Lynas Rare Earths (ASX:LYC): +2%, AU$18.92Pilbara Minerals (ASX:PLS): +2%, AU$6.28

ASX 200ASX:AAIASX:CSCASX:EVNASX:JHXASX:LYCASX:NXTASX:PLSASX:RIOASX:S32ASX:SGH

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