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0.0108184383819379 0.0108184383819379 0.0108184383819379 0.0108184383819379 0.00493885230479776 0.00940733772342424 0.00799623706491054 0.00517403574788332
Stock impact report

UPDATE 1-James Hardie lifts outlook after Q3 profit rises on U.S. housing recovery [Reuters (UK)]

James Hardie Industries plc American Depositary Shares (Ireland) (JHX) 
US:NYSE Investor Relations: ir.jameshardie.com.au/jh/home.jsp
Company Research Source: Reuters
James Hardie lifts outlook after third-quarter profit rises on U.S. housing recovery - Reuters 2 Min Read (Reuters) - James Hardie Industries ( JHX.AX ) on Tuesday posted a 17% jump in its third-quarter profit and raised the lower end of its fiscal 2020 outlook, underpinned by an improvement in the U.S. housing market. The Ireland-based company has benefited from a recovery in the U.S. housing market, driven by cheaper mortgage rates after the Federal Reserve cut rates thrice last year. The U.S. division makes for about 70% of the firm’s revenue. Adjusted net operating profit for the quarter ended Dec. 31 climbed to $77.4 million, and it tightened its full-year adjusted net operating profit range to between $350 million and $370 million â?? lifting the lower end from $340 million. Its revenues rose to $616.7 million. James Hardie also said the volume from its North America fiber cement segment rose 11% for the quarter, with a 30% rise in earnings from the division. Meanwhile, the com Show less Read more
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