• Q3 FY25 GAAP Operating Income of $206 million
• Q3 FY25 Adjusted EBITDA of $262 million and Adjusted EBITDA Margin of 27.5%
• Reaffirms 2H and FY25 Guidance for North America Volume and EBIT Margin, Total Adjusted Net Income

James Hardie Industries plc announced results for its third quarter ending December 31, 2024. The company delivered strong business and financial results in the third quarter, with GAAP Operating Income of $206 million and Adjusted EBITDA of $262 million. The company's year-to-date performance shows it has a strong handle on the business as it continues to scale the organization and invest to grow profitably. In North America, the company is outperforming its end markets through a superior total value proposition and driving leading margins despite raw material headwinds. In Australia & New Zealand, the company is increasing share through new customer acquisitions and project conversion enabled by customer integration. In Europe, growth in high-value products remains a strategic priority, as leveraging a broader and deeper product portfolio should accelerate share gains and customer wins. Despite challenging end markets and raw material headwinds, the company remains well-positioned to deliver volumes within its original guidance range for FY25. The company plans to provide guidance for sales and EBITDA beginning with FY26, in lieu of volume, EBIT and net income, to maintain alignment between how it communicates externally and how it runs the business.

• North America Volumes: At least 2.95 billion standard feet (unchanged)
• North America EBIT Margin: At least 29.3% (unchanged)
• Adjusted Net Income: At least $635 million (unchanged)

The company is planning for sales growth and Adjusted EBITDA margin expansion across each of its segments, and for the company as a whole, in FY26.