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James Hardie Industries PLC (JHX.N)

JHX.N on New York Stock Exchange

15.85USD
6 Dec 2016
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Latest Key Developments (Source: Significant Developments)

James Hardie Industries enters accelerated share repurchase agreement with Goldman Sachs Financial Markets Pty
Sunday, 4 Sep 2016 06:52pm EDT 

James Hardie Industries PLC : Accelerated share repurchase transaction . Entered into an accelerated share repurchase agreement with Goldman Sachs Financial Markets Pty Limited . Deal to repurchase 2.2 million James Hardie shares/cufs with an approximate value of USD $35 million . Says "final settlement payment under the agreement is expected to occur during the second quarter of FY 2017" .  Full Article

James Hardie Industries says qtrly net profit attributable to shareholders grew 45 pct
Thursday, 11 Aug 2016 05:30pm EDT 

James Hardie Industries PLC: Qtrly group net sales of US$477.7 million, an increase of 12% compared to pcp . "Expects to see steady growth in US housing market in fiscal year 2017" . Qtrly net profit attributable to shareholders US$87.1 million, up 45% . Expect North America fiber cement segment EBIT margin to be at higher end of stated target range of 20% to 25% for fiscal year 2017 . "Management expects full year adjusted net operating profit to be between US$260 million and US$290 million" . "Expect net volume growth for the North America fiber cement segment to likely outpace overall market growth by mid-single digits" . "Notes range of analysts' forecasts for net operating profit excluding asbestos for year ending 31 March 2017 is US$264-US$302 million" . Expect North America fiber cement segment EBIT margin to be at the higher end of its stated target range of 20% to 25% for fiscal year 2017 . "Unable to forecast comparable US GAAP financial measure due to uncertainty regarding impact of actuarial estimates on asbestos-related assets" . "Net sales from the australian business are expected to trend in line with the average growth of the domestic repair" . Cautions that although US housing activity been improving, market conditions "remain somewhat uncertain and some input costs remain volatile" .  Full Article

James Hardie Industries says FY net profit $244.4 mln
Wednesday, 18 May 2016 06:03pm EDT 

James Hardie Industries PLC : FY net profit $244.4 million versus $291.3 million . Expects to see moderate growth in the US housing market in fiscal year 2017 . FY net sales from ordinary activities $1.73 billion versus $1.66 billion . Says an FY 2016 second half ordinary dividend of US29.0 cents per security is payable to CUFS holders on 5 August 2016 . Says no dividend reinvestment plan is in operation for this FY 2016 second half dividend . No dividend reinvestment plan is in operation for this FY 2016 second half dividend . Expects to see moderate growth in the US housing market in fiscal year 2017" . Announced a new share buyback program to acquire up to US$100.0 million of its issued capital in the twelve months through May 2017. . Total detached starts expected to range from 100,000 to 110,000 in calendar 2016" . Expects North America, Europe fiber cement segment EBIT to grow for FY 17 . Says "the New Zealand business is expected to deliver improved results" . Expects EBIT margins to remain at high end of target range of 20% to 25% for FY 2017 .  Full Article

James Hardie Industries plc announces pricing of offering of senior notes
Thursday, 5 Feb 2015 08:34pm EST 

James Hardie Industries plc:Announces today the pricing of a previously announced offering of $325.0 million aggregate principal amount of senior notes due 2023 of its wholly-owned subsidiary, James Hardie International Finance Limited.Says the notes will bear interest at a rate of 5.875 pct per annum.Says the proceeds from the offering will be used for general corporate purposes, including the repayment of about $316.7 million of outstanding borrowings under the bilateral credit facilities and the payment of related transaction fees and expenses.  Full Article