Releases > James Hardie Announces First Quarter Fiscal Year 2021 Results
James Hardie Announces First Quarter Fiscal Year 2021 Results

James Hardie Announces First Quarter Fiscal Year 2021 Results

11/08/2020
Continued Growth Above Market and Strong Returns. 
Q2 FY21 North America Guidance: Exteriors Volume of +7% to +11% and EBIT Margin of 27% to 29%. -  Full-Year FY21 Guidance: Adjusted NOPAT between US$330 million and US$390 million.
First Quarter Highlights:
  • Group Adjusted net operating profit ("NOPAT") of US$89.3 million, in-line with the prior corresponding period (“pcp”);
  • Group Adjusted EBIT of US$124.9 million, flat to the pcp;
  • North America Fiber Cement Segment exteriors volume +1% versus pcp;
  • North America Fiber Cement Segment Adjusted EBIT margin of 29.0%, an increase of 390 basis points versus pcp;
  • Asia Pacific Fiber Cement Segment Adjusted EBIT margin of 24.4%, an increase of 140 basis points versus pcp; and,
  • Operating cash flow of US$189.2 million, an increase of 35% versus pcp.

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Q1 Fiscal Year 2021

CEO Commentary

James Hardie CEO, Dr. Jack Truong, said, “In February 2019, we launched a global strategy to transform James Hardie from a big, small company to a small, big company that is capable of delivering growth above market with strong returns, consistently. This is now our fifth consecutive quarter of delivering strong results in-line with the core goal of that strategy: growth above market and strong returns. I am very pleased to note that not only do we remain on-track with our transformation, but we are also accelerating our transformation during the pandemic...
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