James Hardie Industries plc (NYSE:JHX) stock rose 0.31% (As on August 14, 11:20:24 AM UTC-4, Source: Google Finance) after the company posted mixed results for the first quarter of FY 25. North America Fiber Cement net sales increased +5% to $729 million, primarily due to a higher average net sales price. Volumes of exterior products increased low single-digits. Asia Pacific Fiber Cement net sales decreased -2% in Australian dollars, due to a -9% decrease in volumes, partially offset by a +7% higher average net sales price. Europe Building Products net sales increased +8% in Euros, with sales growth in both Fiber Gypsum and Fiber Cement products, and high single-digit growth in high-value products.

JHX in the first quarter of FY 25 has reported the adjusted earnings per share of 41 cents, beating the analysts’ estimates for the adjusted earnings per share of 39 cents. The company had reported the adjusted revenue growth of 4 percent to $992 million in the first quarter of FY 25, missing the analysts’ estimates for revenue of $995 million. The company has reported Adjusted EBIT of $236 million, up +1% with Adjusted EBIT margin of 23.8%, down -70bps, Adjusted EBITDA of $286 million, up +2% with Adjusted EBITDA margin of 28.8%, down -40bps and Adjusted Net Income of $178 million, up +2%.

Additionally, Operating cash flow totaled $185 million for first quarter, driven by net income, adjusted for non-cash items of $268 million, offset by higher inventory balances as well as the impact of certain cash payments. Capital expenditures were $130 million, including $66 million related to capacity expansion. The Company had repurchased 2.4 million shares of its common stock in the quarter at an average price of $31.42 per for a total of $75 million.

For the second quarter of FY 25, the company expects North American volumes to be in the range of 705 million to 735 million standard feet, North American EBIT margin to be in the range of 27.5% to 29.5% and  Adjusted Net Income to be in the range of $135 million to $155 million.

For fiscal year 2025, the company expects North American Volumes to be in the range of 2.95 to 3.15 billion standard feet, North American EBIT Margin to be in the range of 29% to 31%, Adjusted Net Income to be in the range of $630 million to $700 million and Capital Expenditures to be in the range of $500 million to $550 million.