Global Volumes Impact James Hardie Sales

James Hardie had net sales of US$860.8 million in the third quarter of 2022, a loss of four per cent compared to $900 million in the year-ago period. This was due to a decline in global volumes of 11 per cent. Net sales in the North American fibre cement segment were $645.4 million, remaining relatively flat versus $644.9 million in the prior year. Adjusted net income was $129.2 million, a loss of 16 per cent compared to $154.1 million from the prior-year period.