S&P affirms BB+ rating for James Hardie stock as debt outlook stays stable

Published on 10/20/2026 at 19:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 2027 results are due on November 9, 2026, with estimates at USD 0.39. James Hardie stock costs EUR 22.80 on October 20, 2026 at 7:12 p.m. CEST.

Credit outlook and trading facts

S&P Global Ratings expects leverage of 2.50x in fiscal 2027 and 2.00x in fiscal 2028.
James Hardie plans to report second-quarter fiscal 2027 results on November 9, 2026.
James Hardie stock costs EUR 22.80 at Lang & Schwarz on October 20, 2026 at 7:12 p.m. CEST.

James Hardie, AU000000JHX1, Illustration mit AI erstellt.

S&P Global Ratings affirmed James Hardie's BB+ issuer rating and BBB- issue-level rating on October 6, 2026, while its outlook remained stable. The agency expects leverage of 2.50x in fiscal 2027 and 2.00x in fiscal 2028, according to S&P Global Ratings. James Hardie stock was trading at EUR 22.80 at Lang & Schwarz on October 20, 2026 at 7:12 p.m. CEST.

Deleveraging depends on execution

The rating agency linked the expected improvement to a full year of AZEK contributions, operating improvements, stronger cash generation and debt repayment. James Hardie plans to use approximately USD 600.00 million from the planned European divestiture to repay debt, while S&P Global Ratings expects the transaction to close in the first half of calendar year 2027.

S&P Global Ratings also expects revenue to increase 11.00 percent to 13.00 percent in fiscal 2027, excluding the effect of the European divestiture in its like-for-like view. Its adjusted EBITDA margin forecast is 27.00 percent for both fiscal 2027 and fiscal 2028. The agency cautioned that residential construction and repair activity remain exposed to affordability pressure and elevated borrowing costs.

NYSE valuation remains the market frame

James Hardie's NYSE quote was USD 26.16 at 1:19 p.m. ET on October 20, 2026. The same market snapshot placed the 52-week range at USD 16.46 to USD 31.43, market capitalization at USD 15.2 billion and the price-to-earnings ratio at 100.52.

The euro quotation offers a separate view for investors in Germany. The Lang & Schwarz price stood at EUR 22.80 at 7:12 p.m. CEST, while the NYSE quote was denominated in USD. The two quotations are therefore not combined into one performance calculation.

When are the next results due?

James Hardie's next scheduled reporting date is November 9, 2026, for second-quarter fiscal 2027 results, according to MarketWatch. The page lists a consensus earnings-per-share estimate of USD 0.39 for that quarter. That date gives the credit outlook its next scheduled test.

What the rating means for the balance sheet

The central measure is leverage, not a short-term trading signal. A reduction from nearly 4.00x in fiscal 2026 to 2.50x in fiscal 2027 would require debt repayment and continued operating delivery, while the 2.00x fiscal 2028 expectation depends on the European transaction and cash generation.

Stock and trading position

James Hardie is a building materials company selling fiber cement, fiber gypsum, decking and railing products across North America, Europe, Australia and New Zealand, according to James Hardie. Its portfolio includes Hardie, TimberTech, AZEK Exteriors and other building-product brands.

The further course of trading is shown by the continuously updated real-time quote of James Hardie stock.