By Stuart CondieSYDNEY--James Hardie Industries announced a $250 million share buyback as it reported record adjusted net income in its fiscal second quarter and flagged more to come over the next three months. The Australian building-products supplier, which reports in U.S. dollars, on Wednesday reported adjusted net income for the three months through September of $178.9 million, up 2% on the same period a year earlier. On a statutory basis, net income fell 9% to $151.7 million. It nonetheless expects third-quarter adjusted net income of between $165 million and $185 million. It reported adjusted net income of $129.2 million in 3Q of the previous fiscal year.

Source: Wall Street Journal November 08, 2023 10:15 UTC