James Hardie Industries plc entered into a Share Purchase Agreement to sell its European fibre gypsum and cement-bonded products business (Fermacell) to Holcim for €840 million, subject to customary adjustments. The transaction is expected to close in the first half of 2027, pending antitrust approvals and employee consultations. Proceeds will accelerate deleveraging toward a net leverage target below 2.0x by September 30, 2027, with approximately $600 million allocated for debt repayment. Concurrently, the Board authorized a new $250 million share repurchase program. The Company also intends to wind down its European fiber cement operations prior to closing. James Hardie Industries plc is a leading provider of exterior home and outdoor living solutions, including fiber cement and composite decking products.

James Hardie Industries plc announced preliminary financial results for the fiscal first quarter ended June 30, 2026, which exceeded the high end of prior guidance. Consolidated net sales are expected to range between $1.449 billion and $1.475 billion, up from the previous guidance of $1.315 billion to $1.354 billion. Consolidated GAAP net income is projected between $102 million and $104 million. Adjusted EBITDA is expected to be between $399 million and $407 million, surpassing the prior guidance of $354 million to $375 million. Growth was primarily driven by stronger-than-anticipated Siding & Trim sales. James Hardie Industries plc is a provider of exterior home and outdoor living solutions.

James Hardie International Finance Designated Activity Company, a wholly-owned subsidiary of James Hardie Industries plc, redeemed $400 million in 5.00% Senior Unsecured Notes due 2028 on June 25, 2026. The redemption price was 100% of the principal amount plus accrued and unpaid interest. James Hardie Industries plc is a manufacturer of building materials products.