James Hardie Raises FY2027 Free Cash Flow Target Above $650 Million

James Hardie Industries plc raised its fiscal 2027 free cash flow target to more than $650 million as it pursues net leverage below 2x by fiscal Q2 2028. The company reaffirmed its fiscal 2027 net sales guidance of $4.99 billion to $5.133 billion and adjusted EBITDA guidance of $1.45 billion to $1.534 billion. Its outlook assumes a mid-single-digit percentage decline in the blended housing market. Second-quarter net sales from continuing operations grew 24%. Adjusted EBITDA margin rose 450 basis points to 31.8%. Sales increased 15% in Siding & Trim, 51% in Deck, Rail & Accessories and 22% in ColorPlus.

Source: TokenPost