The statements below are Maurice Blackburn’s account of this case. They reflect allegations or the firm’s position and have not been determined by a court unless a settlement or judgment is noted.
About This Case
On 21 May 2025, James Hardie reported FY25 results and issued FY26 guidance forecasting organic sales and EBITDA growth across all regions.
However, on 20 August 2025, James Hardie released weaker-than-expected Q1 FY26 results and significantly downgraded full-year guidance. As compared to the first quarter of FY25, the results disclosed that:
net sales were down 9% adjusted EBITDA was down 21% adjusted net income was down 29%; and adjusted earnings per share (EPS) was down 28%.
James Hardie attributed the poor results to a range of factors, including customer ‘destocking’, channel inventory management, and soft market demand, particularly in its North American Fiber Cement segment.
Following this announcement, the James Hardie share price fell over 34% in two days (from $44.34 to $28.98), and financial analysts significantly cut their price targets.
The class action alleges that James Hardie engaged in misleading or deceptive conduct and/or breached its continuous disclosure obligations by failing to disclose material issues affecting its North American Fiber Cement segment in contravention of the Corporations Act 2001 (Cth) and the ASX Listing Rules, and in doing so failed, before 20 August 2025, to:
correct market consensus regarding James Hardie’s expected Q1 FY26 results; and withdraw or correct James Hardie’s FY26 guidance.
Source: Maurice Blackburn
How to Register
You may register your interest here During the registration process we will ask you to provide your contact and trade details. If you are unsure as to whether you are eligible to register for this class action, please email us at: jameshardie@mauriceblackburn.com.au
Source: Maurice Blackburn
Frequently Asked Questions
Can I join the James Hardie Class Action?
You are encouraged to register for this class action if you acquired an interest in James Hardie shares (ASX: JHX) between 21 May 2025 and 19 August 2025 (inclusive).
Do I need to register to be part of the James Hardie Class Action?
You are not required to register at this stage, but we encourage you to register your interest as soon as possible. By registering now, you will receive important updates about the case and be notified if you need to take any steps to claim compensation. Registration ensures you do not miss critical information.
How do I register for the James Hardie Class Action?
You may register your interest here During the registration process we will ask you to provide your contact and trade details. If you are unsure as to whether you are eligible to register for this class action, please email us at: jameshardie@mauriceblackburn.com.au
Will it cost me anything to be part of the James Hardie Class Action?
No. You will never be asked to pay anything out of your own pocket by participating in the class action. Costs will only be payable if: the case is resolved by settlement (meaning the defendant agrees to pay compensation without a trial); or the case succeeds at trial and a judgment is obtained in favour of the group. Any legal costs payable to Maurice Blackburn will be deducted from the amount of compensation recovered for the group members through any successful settlement or judgment. Court approval is required before any payments are made to Maurice Blackburn from any settlement or judgment amount. Read more about class actions costs.
How long do class actions go for?
Class actions usually take between 2-4 years to be resolved, although this is dependent on many factors during the legal process, including how the defendant responds to the case.
Where can I read your privacy policy?
Confidentiality and privacy are very important to us. You can access our Privacy Policy here.
I have more questions
If you still have questions, please email Maurice Blackburn at jameshardie@mauriceblackburn.com.au or call us on 02 8520 5278. You may contact Maurice Blackburn for more information at no out-of-pocket cost.
Source: Maurice Blackburn
Disclaimer: This information is sourced from Maurice Blackburn. It is provided for general information only and does not constitute legal advice. Always verify details with the original source before taking any action.
Legal disclaimer: Information on this page is general in nature and does not constitute legal advice. ClaimBar tracks class action settlements and provides updates. Always seek professional legal advice for your specific circumstances.
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