Revenue: As of FY2027 Q1, the actual value is USD 1.475 B, beating the estimate of USD 1.43 B.

EPS: As of FY2027 Q1, the actual value is USD 0.18, missing the estimate of USD 0.2617.

EBIT: As of FY2027 Q1, the actual value is USD 218.8 M.

Overall Company Performance (Q1 FY27 vs Q1 FY26)

Net Sales

James Hardie Industries plc reported net sales of $1,474.6 million for Q1 FY27, a 64% increase from $899.9 million in Q1 FY26. Pro forma net sales increased by 12%.

Operating Income

Operating income was $217.7 million in Q1 FY27, up 57% from $138.6 million in Q1 FY26. The operating income margin was 14.8% in Q1 FY27, a decrease of -60 basis points from 15.4% in Q1 FY26.

Net Income

Net income increased by 67% to $104.3 million in Q1 FY27, compared to $62.6 million in Q1 FY26. The net income margin was 7.1% in Q1 FY27, an increase of +10 basis points from 7.0% in Q1 FY26.

Adjusted Net Income

Adjusted net income grew 54% to $209.3 million in Q1 FY27 from $136.1 million in Q1 FY26.

Adjusted EBITDA

Adjusted EBITDA for Q1 FY27 was $422.1 million, a 79% increase from $236.4 million in Q1 FY26. The adjusted EBITDA margin was 28.6% in Q1 FY27, an increase of +230 basis points from 26.3% in Q1 FY26.

Segment Performance (Q1 FY27 vs Q1 FY26)

Siding & Trim

Net sales for Siding & Trim were $859.8 million in Q1 FY27, a 34% increase from $641.8 million in Q1 FY26. Organic net sales increased by 20%. Operating income was $214.9 million in Q1 FY27, up 33% from $161.2 million in Q1 FY26, with an operating income margin of 25.0%, a decrease of -10 basis points from 25.1%. Adjusted EBITDA increased by 40% to $287.7 million in Q1 FY27 from $205.8 million in Q1 FY26, and the adjusted EBITDA margin was 33.5%, an increase of +140 basis points from 32.1%.

Deck, Rail & Accessories (DR&A)

Net sales for DR&A were $305.1 million in Q1 FY27, a -5% decrease on a pro forma basis compared to Q1 FY26. The segment reported an operating loss of -$3.3 million in Q1 FY27, resulting in an operating loss margin of -1.1%. Adjusted EBITDA was $82.8 million, with an adjusted EBITDA margin of 27.1% in Q1 FY27.

Australia & New Zealand (ANZ)

Net sales were $153.3 million in Q1 FY27, a 26% increase (14% in Australian dollars) from $121.6 million in Q1 FY26. Operating income was $46.8 million in Q1 FY27, up 24% from $37.8 million in Q1 FY26, with an operating income margin of 30.5%, a decrease of -60 basis points from 31.1%. EBITDA was $53.5 million in Q1 FY27, up 24% from $43.0 million in Q1 FY26, and the EBITDA margin was 34.9%, a decrease of -50 basis points from 35.4%.

Europe

Net sales were $156.4 million in Q1 FY27, a 15% increase (12% in Euros) from $136.5 million in Q1 FY26. Operating income was $20.2 million in Q1 FY27, up 34% from $15.1 million in Q1 FY26, with an operating income margin of 12.9%, an increase of +180 basis points from 11.1%. EBITDA was $30.4 million in Q1 FY27, up 39% from $21.9 million in Q1 FY26, and the EBITDA margin was 19.4%, an increase of +340 basis points from 16.0%.

Cash Flow (Q1 FY27 vs Q1 FY26)

Operating Cash Flow

Operating cash flow totaled $344.0 million in Q1 FY27, up from $206.9 million a year ago.

Capital Expenditures

Capital expenditures were $89.8 million in Q1 FY27, down from $103.2 million in Q1 FY26.

Free Cash Flow

Free cash flow was $254.2 million in Q1 FY27, more than double the $103.7 million from the prior year.

Outlook / Guidance

James Hardie Industries plc raised its full-year FY27 outlook, targeting pro forma sales growth of 5.9% to 9.0% and pro forma adjusted EBITDA growth of 7.4% to 13.7%. The company reaffirmed its FY27 free cash flow target of at least $500 million, representing an increase of more than $200 million year over year. For Q2 FY27, James Hardie Industries plc anticipates total net sales between $1,485 million and $1,575 million, and total adjusted EBITDA between $420 million and $455 million.