JHX FY 2023 Earnings Report — James Hardie Industries plc Revenue & Financial Results | Market Cap Arena

James Hardie Industries plcJHX

FY 2023 Earnings

Reported May 16, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$3.8B	—	$3.6B	—	4.5%
Op. Income	$741M	—	$683M	—	8.6%
Gross Margin	34.7%	—	36.3%	—	-1.6pp
Net Margin	13.6%	—	12.7%	—	0.9pp
EPS (Diluted)	$1.15	—	$1.03	—	11.7%
Free Cash Flow	$16M	—	$499M	—	-96.7%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.5B
GROSS PROFIT	$1.3B
R&D Expenses	$40M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$494M
Other Expenses	$37M
Operating Expenses	$571M
Cost & Expenses	$3.0B
OPERATING INCOME	$741M
Interest Income	$6M
Interest Expense	$37M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$724M
Income Tax Expense	$212M
Net Income from Continuing Ops	$512M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$512M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$512M
D&A	$173M
EBIT	$761M
EBITDA	$933M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.5B
GROSS PROFIT	$1.3B
R&D Expenses	$40M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$494M
Other Expenses	$37M
Operating Expenses	$571M
Cost & Expenses	$3.0B
OPERATING INCOME	$741M
Interest Income	$6M
Interest Expense	$37M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$724M
Income Tax Expense	$212M
Net Income from Continuing Ops	$512M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$512M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$512M
D&A	$173M
EBIT	$761M
EBITDA	$933M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$512M
Depreciation & Amortization	$173M
Stock-Based Compensation	$16M
Deferred Income Tax	$48M
Other Non-Cash Items	-$38M
Change in Working Capital	-$103M
OPERATING CASH FLOW	$608M
Capital Expenditure	-$591M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$106M
Other Investing Activities	-$175M
NET CASH FROM INVESTING	-$660M
Net Debt Issuance	$189M
Common Stock Repurchased	-$78M
Common Dividends Paid	-$130M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$25M
FREE CASH FLOW	$16M
Net Change in Cash	-$86M

Balance Sheet

Item	Amount
Cash & Equivalents	$113M
Short-Term Investments	$0
Net Receivables	$299M
Inventory	$344M
Other Current Assets	$278M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$1.9B
Goodwill	$195M
Intangible Assets	$155M
Long-Term Investments	$0
Tax Assets	$1.1B
Other Non-Current Assets	$101M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.5B
Account Payables	$198M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$162M
TOTAL CURRENT LIABILITIES	$697M
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$94M
Other Non-Current Liabilities	$957M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$2.9B
Common Stock	$230M
Additional Paid-In Capital	$238M
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$53M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$1.1B
Net Debt	$1.0B