James Hardie Industries reported a 9% drop in annual profit, leading to a 7% share price decline. The company anticipates weaker-than-expected earnings growth for fiscal year 2026, projecting low single-digit growth in adjusted EBITDA. This outlook is driven by anticipated market volume declines in North America and broader macroeconomic uncertainties impacting home construction costs and consumer sentiment.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets