News: JHX James Hardie Industries Sees FY Adjusted Net Operating Profit Between $340 Mln & $370 Mln

Nov 7 (Reuters) - James Hardie Industries PLC (JHX) :

• HY NET SALES FROM ORDINARY ACTIVITIES $1,316.9 MILLION VERSUS $1,295.6 MILLION
• HY NET PROFIT ATTRIBUTABLE $189.6MLN VERSUS $160.1 MILLION
• EXPECT MODEST GROWTH IN US HOUSING MARKET IN FISCAL YEAR 2020
• EXPECT OUR NORTH AMERICA FIBER CEMENT SEGMENT EBIT MARGIN TO BE BETWEEN 25% AND 27% FOR FISCAL YEAR 2020
• DECLARES A FY2020 FIRST HALF ORDINARY DIVIDEND OF US10.0 CENTS PER SECURITY
• EXPECTS FULL YEAR ADJUSTED NET OPERATING PROFIT TO BE BETWEEN US$340 MILLION AND US$370 MILLION
• EXPECT VOLUME FROM AUSTRALIAN BUSINESS TO CONTINUE TO GROW ABOVE MARKET
• REMAIN ON-TRACK TO DELIVER FULL YEAR EBIT MARGIN ACCRETION FOR FISCAL YEAR 2020
• GROUP ADJUSTED NET OPERATING PROFIT OF US$98.6 MILLION FOR QUARTER AND US$188.8 MILLION FOR HY
• IN AUSTRALIA, SEES ADDRESSABLE UNDERLYING MARKET TO CONTINUE TO EXPERIENCE HIGH SINGLE DIGIT PERCENT CONTRACTION IN FY2020
• EXPECT MODEST GROWTH IN US HOUSING MARKET IN FISCAL YEAR 2020
• RAISES FY2020 NORTH AMERICA FIBER CEMENT SEGMENT PRIMARY DEMAND GROWTH TARGET RANGE TO 4-6%, EBIT MARGIN RANGE TO 25-27%