Nov 8 (Reuters) - James Hardie Industries PLC (JHX) :
- HY NET PROFIT ATTRIBUTABLE $330.5 MILLION VERSUS $271.5 MILLION REPORTED LAST YEAR
- ADJUSTED NET INCOME +13% TO US$175.8 MILLION FOR Q2
- ANNOUNCED REPLACEMENT OF ORDINARY DIVIDENDS WITH A SHARE BUYBACK PROGRAM
- ADJUSTS FISCAL YEAR 2023 ADJUSTED NET INCOME GUIDANCE RANGE TO US$650 MILLION AND US$710 MILLION
- HY NET SALES FROM ORDINARY ACTIVITIES $1,998.5 MILLION VERSUS $1,746.5 MILLION REPORTED LAST YEAR
- ANNOUNCES NEW CAPITAL ALLOCATION FRAMEWORK, INCLUDING US$200 MILLION SHARE BUYBACK
- CONFIDENT THAT WE WILL BE ABLE TO DELIVER GROWTH ABOVE MARKET AND STRONG RETURNS
- SHARE BUYBACK PROGRAM APPROVED FOR AMOUNT UP TO US$200 MILLION FROM TODAY THROUGH 31 OCTOBER 2023
- SEE A WEAKENED HOUSING MARKET FOR REMAINDER OF OUR FISCAL YEAR
- IN AUSTRALIA, LABOR SHORTAGES, UNFAVORABLE WEATHER ARE CONSTRAINING HOUSING MARKET ACTIVITY DESPITE STRONG CONTRACTED BACKLOGS
- IN NORTH AMERICA, EXPECT H2 VOLUME GROWTH TO BE BETWEEN NEGATIVE 5% AND NEGATIVE 8% VERSUS PCP
Nov 8 (Reuters) - James Hardie Industries PLC (JHX) : HY NET...
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