James Hardie Industries show an increase in NOPAT

Company News

by Rachael Jones

James Hardie Industries (ASX:JHX) posted its first quarter earnings update this morning showing adjusted net operating profit (NOPAT) for FY20 (ending in March 2020) would range between US$325 million and US$365 million compared to the consensus forecast range of US$328 million to US$360 million.

The group posted a 13 per cent jump in NOPAT compared to the same time last year to US$90.2 million, while adjusted earnings before interest and tax (EBIT) increased 16 per cent to US$124.4 million.

Sales were up 1 per cent to US$656.8 million in the June quarter.

Shares in James Hardie Industries (ASX:JHX) are trading 13.99 per cent higher at $21.67.