These results are trailing indicators and all that profit was produced in boom times, before the US building industry fell off a cliff in Oct/Nov.
The next 18 months are going to see a lot of construction companies in the US and AU going belly up imo and building activity will slow to a crawl once the current residential construction backlog is filled.
DYOR, but new building permits are cratering in all areas JHX services.
I wouldn't be touching any building materials company until the Fed pivots and/or there is QE again. That said, JHX has a bright future, the question is how many years until sentiment changes??
Given the anaemic dividends that were paid (previously, even in the good times) JHX is still overpriced imo. Laugh if like, but $15 is my buy target for the next 12 months.
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