Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired James Hardie Industries plc ("James Hardie") (NYSE: JHX) common stock between May 20, 2025 and August 18, 2025, inclusive (the “Class Period”).
James Hardie designs and manufactures a wide range of fiber cement building products, with manufacturing plants in both the United States and Australia. In the United States and Canada, James Hardie’s largest application for fiber cement building products is in external siding for the residential building industry. In North America, James Hardie sells its exterior fiber cement products for repair, remodel, and new residential construction to distributors, who then sell the products to dealers or lumber yards. James Hardie’s interior fiber cement products in North America are typically sold through large home center retailers and specialist distributors or dealers. These products are distributed primarily by road, but also to a lesser extent by rail. James Hardie’s direct customers are distributors and dealers, but to increase demand, it markets directly to end-users, including homeowners, architects, builders, and contractors.
The Class Period begins on May 20, 2025, when James Hardie held an earnings call with analysts and investors about its reported financial results for its fiscal 2025 fourth quarter. On the call, James Hardie’s management spoke confidently about the company’s North America growth, despite the challenging market environment. Likewise, during the same call, James Hardie’s management stated that the company was “seeing normal stock levels out there just as a general statement” and touted the performance of James Hardie’s sales team in its North America segment, including that “the size and strength of our sales force and the alignment with our customer sales teams underscores our supreme confidence in achieving our commercial synergy commitments.”
On August 19, 2025, James Hardie revealed that its North American Fiber Cement sales declined 12% during the quarter, driven by destocking first discovered “in April through May” as customers “made efforts to return to more normal inventory levels[.]” James Hardie also revealed that significant inventory destocking was expected to continue to impact sales for the next several quarters.
Current Status of Case:
On December 23, 2025, Motions to Appoint Lead Plaintiff and Lead Counsel were filed. This action is ongoing
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.