News: JHX James Hardie Industries Posts Qtrly Net Profit Attributable Of $86.5 Mln

Aug 9 (Reuters) - James Hardie Industries Plc (JHX) :

• QTRLY NET SALES FROM ORDINARY ACTIVITIES US$656.8 MILLION VERSUS US$651.0 MILLION
• EXPECTS FULL YEAR ADJUSTED NET OPERATING PROFIT TO BE BETWEEN US$325 MILLION AND US$365 MILLION
• QTRLY NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS US$ 86.5 MILLION VERSUS US$90.6 MILLION
• EXPECT TO SEE MODEST GROWTH IN US HOUSING MARKET IN FISCAL YEAR 2020
• NORTH AMERICA FIBER CEMENT SEGMENT EBIT MARGIN OF 25.1% FOR QUARTER
• GROUP ADJUSTED NET OPERATING PROFIT OF US$90.2 MILLION FOR QUARTER, AN INCREASE OF 13%
• EXPECT OUR NORTH AMERICA FIBER CEMENT SEGMENT EBIT MARGIN TO BE AT TOP OF OUR RANGE OF 20% TO 25% FOR FISCAL YEAR 2020
• WE ARE ON TRACK TO DELIVER FULL YEAR EBIT MARGIN ACCRETION FOR FISCAL YEAR 2020
• EXPECT EUROPE BUILDING PRODUCT SEGMENT TO ACHIEVE YEAR ON YEAR NET SALES AND EBIT MARGIN GROWTH IN 2020
• IN AUSTRALIA, ANTICIPATED ADDRESSABLE UNDERLYING MARKET WILL EXPERIENCE HIGH SINGLE DIGIT PERCENT CONTRACTION IN FY20 COMPARED TO FY19
• NET SALES FROM OUR AUSTRALIAN BUSINESS ARE EXPECTED TO CONTINUE TO GROW ABOVE MARKET IN FISCAL YEAR 2020

Source text http://bit.ly/2GVo4QY

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