James Hardie Industries (JHX.AX) forecast a higher profit for the first quarter of fiscal 2024 on Tuesday after posting a 2% drop in annual profit.
The Dublin-based firm said it expected to report adjusted net income in the range of $145 million to $165 million for the first quarter of fiscal 2024.
That compares with a profit $154.3 million in the year-earlier period and consensus estimate of $137 million, according to UBS.