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James Hardie Industries Plc Announces Australian Annual Review Fiscal Year 2020

24 Aug 2020  |  16:12:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Australian Annual Review Fiscal Year 2020

James Hardie Industries Plc announced that it has filed the Australian Annual Review relating to fiscal year 2020 with the ASX. The Company updated that North America segment achieved 8% top line growth and adjusted EBIT margin of 25.9%. During fiscal year 2020 the Company allocated capital to position their North America manufacturing network for the future. As reported, the Company completed the start-up of their greenfield expansion project in Tacoma (Washington) and continued the construction of a greenfield expansion project in Prattville (Alabama). The Company further updated that Asia Pacific segment once again provided good returns during fiscal year 2020, delivering an adjusted EBIT margin of 22.7%.

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