Overview

• The company projected net sales of $1.29–$1.30 billion versus roughly $1.19 billion consensus and adjusted EPS of $0.26–$0.27 versus $0.16 expected.
• JHX rose about 14% premarket Tuesday and finished the session up roughly 8.1% after the disclosure.
• CEO Aaron Erter said Siding & Trim outperformed, with organic net sales down only slightly year over year as distributors and dealers cut inventories less than anticipated.
• Preliminary figures include adjusted EBITDA of $326–$331 million, adjusted net income of $151–$157 million, and net debt of $4.5 billion as of September 30.
• Management said AZEK integration is progressing with mid-single-digit growth in Deck, Rail & Accessories, with finalized results and updated full-year guidance due November 18.