Filing Flows › James Hardie Industries (JHX) › Q2 FY27 › vs Q1 FY27
James Hardie Industries (JHX) Q2 FY27 vs Q1 FY27 (quarter over quarter)
James Hardie Industries's revenue fell $46.4M (-3%) from $1.5B in Q1 FY27 to $1.4B in Q2 FY27. The biggest changes: Deck, Rail & Accessories +$81.9M (+27%); Siding & Trim +$20.5M (+2%); Australia & New Zealand +$7.6M (+5%). Gross margin 39.4% against 37.2% (+2.2 pts).
James Hardie Industries, Q2 FY27: revenue $1.4B (+24% year over year), operating margin 18.4%, net earnings $151M, operating cash flow $350M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 39.4% | 37.2% | +2.2 pts |
| Operating margin | 18.4% | 14.8% | +3.7 pts |
| Net margin | 10.6% | 7.1% | +3.5 pts |
| Free cash flow margin | 19.7% | 17.2% | +2.5 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Siding & Trim | $880M | $860M | $20.5M | +2% |
| Deck, Rail & Accessories | $387M | $305M | $81.9M | +27% |
| Australia & New Zealand | $161M | $153M | $7.6M | +5% |
| Revenue | $1.4B | $1.5B | −$46.4M | -3% |
| Gross profit | $562M | $549M | $13.7M | +2% |
| Cost of revenue | $866M | $926M | −$60.1M | -6% |
| Operating profit | $263M | $218M | $45.6M | +21% |
| Operating expenses | $299M | $331M | −$31.9M | -10% |
| Pre-tax earnings | $229M | $157M | $71.3M | +45% |
| Other expense, net | $34.7M | $60.4M | −$25.7M | -43% |
| Research & development | $14.6M | $15.4M | −$800K | -5% |
| SG&A | $268M | $295M | −$26.9M | -9% |
| Other operating costs | $16.0M | $20.2M | −$4.2M | -21% |
| Net earnings | $151M | $104M | $46.7M | +45% |
| Income tax | $77.6M | $53.0M | $24.6M | +46% |
| Depreciation & amortization | $163M | $169M | −$6.2M | -4% |
| Share-based compensation | $18.3M | $12.0M | $6.3M | +52% |
| Working capital & other | $17.8M | $58.9M | −$41.1M | -70% |
| Operating cash flow | $350M | $344M | $5.7M | +2% |
| Free cash flow (OCF − capex) | $281M | $254M | $27.0M | +11% |
| Capital expenditures | $68.5M | $89.8M | −$21.3M | -24% |
Questions
How much did James Hardie Industries's revenue grow quarter over quarter in Q2 FY27?
James Hardie Industries's revenue fell $46.4M (-3%) from $1.5B in Q1 FY27 to $1.4B in Q2 FY27.
What drove James Hardie Industries's revenue change in Q2 FY27?
Deck, Rail & Accessories +$81.9M (+27%); Siding & Trim +$20.5M (+2%); Australia & New Zealand +$7.6M (+5%).