James Hardie Industries' (ASX:JHX) softer fiscal year 2026 outlook reflects difficult market conditions across all regions, said Jarden in a Wednesday note.
The company reported Wednesday that its adjusted earnings per diluted share in the fiscal fourth quarter fell to $0.36 from $0.40 per diluted share a year earlier.
For fiscal year 2026, the company expects total capital expenditure of about $325 million.
The capital expenditure guidance is materially below the market consensus forecast of US$489 million, showing flexibility in managing its capital projects in response to softer demand conditions, the note added.
Jarden has maintained its overweight rating for the company with a price target of AU$44.
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