James Hardie Industries plc
(ASX:JHX) has announced its second quarter results for this fiscal year, as well as its half year results ending 30 September 2016.
The company says net operating profit was US$75.7 million for the quarter, and US$141.4 million for the half year. James Hardie also says these figures represent increases of 14% and 10% respectively, compared to their previous corresponding periods.
The company also says it repurchased and cancelled around 6.1 million shares during the quarter, at an aggregate cost of $99.8 million.
As for its outlook this financial year, James Hardie is expecting steady growth in the US housing market, assuming new construction starts of between 1.2 and 1.3 million.
James Hardie posted a net profit of $319.2 million at 30 June 2016.
