Hardie

James Hardie raises 2021 profit forecast on high demand for renovation

Adds details on markets, 2021 forecast

Oct 14 (Reuters)Australian building materials supplier James Hardie Industries JHX.AX on Wednesday raised its full-year profit forecast and said it expected to post record second-quarter results, boosted by solid demand for its services across markets.

Since the COVID-19 pandemic related shutdowns hammered sales earlier in the year, there has been a recovery in Asia Pacific and European markets.

James Hardie, the world’s biggest fibre cement maker, said the all-time high quarterly sales were “made possible by having all three operating regions deliver growth above market.”

In August, it said sales in North America, one of its biggest markets, were buyoed by homeowners turning to renovation amid the pandemic.

The company increased its fiscal 2021 forecast for underlying net operating profit after tax (NOPAT) to between $380 million and $420 million, from an earlier projection of $330 million and $390 million.

It will report its second quarter results on Nov. 10.

(Reporting by Anushka Trivedi and Nikhil Kurian Nainan in Bengaluru; Editing by Chris Reese and Shinjini Ganguli)

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Banner Construction: This Is A Good Time To Have Hardie Siding Color Plus Installed – Press Release

James Hardie Siding

St. Louis, Missouri based Banner Construction is reaching out to share that this is the best time for homeowners to carry out any siding installation projects they have in mind. The contractor has a wealth of experience in the industry, and they are always eager to share the benefit of their expertise with their community.

Jessica Benbow of Banner Construction states, “If you are thinking about having James Hardie siding installed in your house, this time of the year is the best to get it scheduled. You get to avoid the long waiting times, as we are not too busy, as well as the cold winter weather. Your house will be in prime condition by the time the holidays roll around, giving it an outstanding, beautiful look that will increase its curb appeal.”

While most choose to install new siding for aesthetic reasons, the local contractors state that there are several other considerations that homeowners make when they decide they wish to replace a house’s siding. Being able to understand what one can get out of such an endeavor is important, for instance, and a crucial part of the success of an exterior remodeling project.

“When you install new siding, you are effectively protecting your home against certain weather conditions that can damage it over the years,” states Benbow. While this is a significant investment, it can end up saving homeowners a significant amount of money in the years to come.

She continues, “If you select the right material, your siding can last for a long time and save you thousands of dollars in repairs and maintenance — as long as it is installed properly. Premium siding can dramatically reduce your home maintenance, allowing you to spend your leisure time in better ways. The peace of mind that you get

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