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James Hardie Industries Plc (ASX:JHX)
ALERT: Price-sensitive ASX Announcement for JHX
Current share price for JHX : $43.390 8.4 (24.01%)+
Announcement
Release
16 Jan 2026 8:24AM
Price at Release
$34.990
Full Release
Summary
James Hardie Industries plc announced an optimization of its manufacturing footprint, aiming to generate annualized cost savings of approximately $25 million starting in the first quarter of fiscal year 2027. The company will close its manufacturing facilities in Fontana, California, and Summerville, South Carolina, transferring operations to more modern plants. This move is part of the Hardie Operating System, designed to enhance efficiency and support growth initiatives. The closures will incur one-time pre-tax charges of $40 to $44 million, primarily recognized in the fourth quarter of fiscal year 2026. The company reaffirmed its guidance for the third quarter and full year of fiscal 2026.
Key Points
- Closure of Fontana, California, and Summerville, South Carolina facilities.
- Expected annualized cost savings of $25 million from fiscal year 2027.
- Initiatives part of the Hardie Operating System for operational excellence.
- One-time pre-tax charges estimated at $40 to $44 million.
- Guidance for third quarter and full year of fiscal 2026 reaffirmed.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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