James Hardie raises FY27 cash flow target; shares dip
James Hardie lifted its FY27 free cash flow target by 20% to about US$600 million and said it will achieve US$125 million cost synergies one year early; shares are down about 5%.
James Hardie (JHX) lifted its FY27 free cash flow target by 20% to roughly US$600 million at its first investor day since the AZEK merger, and said it will hit its US$125 million cost synergy target a year ahead of schedule. The company also reaffirmed its second-quarter and full-year sales and adj…