James Hardie (JHX) Surges on Expected 35% Net Sales Growth

We recently published 10 Hot Stocks Sparking Buying Frenzy. James Hardie Industries plc (NYSE:JHX) is one of the best performers on Tuesday.

James Hardie jumped by 8.11 percent on Tuesday to finish at $21.72 apiece after hinting at a potential 35 percent growth in net sales for the second quarter of fiscal year 2026.

James Hardie Industries plc (NYSE:JHX) announced preliminary results for the said period, with expectations to report $1.29 billion to $1.3 billion in net sales, or a 34 to 35 percent growth from the $961 million registered in the same period last year.

Adjusted EBITDA was also expected to be at $326 million to $331 million, or a 23.9 percent to $25.8 percent growth from the $263 million year-on-year.

Commenting on the preliminary data, James Hardie Industries plc (NYSE:JHX) CEO Aaron Erter said that he was encouraged by the results, bolstering his outlook that the siding and trim segment has modestly improved.

“We will provide an update to our full year guidance through March with our second quarter earnings call in November,” he noted.

James Hardie Industries plc (NYSE:JHX) is expected to announce the official data results on November 18.

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Disclosure: None. This article is originally published at Insider Monkey.