James Hardie Industries plc Files 20-F for FY24

Ticker: JHIUF · Form: 20-F · Filed: May 20, 2024 · CIK: 1159152

James Hardie Industries PLC 20-F Filing Summary
FieldDetail
CompanyJames Hardie Industries PLC (JHIUF)
Form Type20-F
Filed DateMay 20, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Sentimentneutral

Sentiment: neutral

Topics: annual-report, financials, building-materials

TL;DR

Hardie's 20-F is in! Check FY24 results for this building materials giant.

AI Summary

James Hardie Industries plc filed its annual 20-F report for the fiscal year ending March 31, 2024. The company, based in Dublin, Ireland, operates in the concrete products sector. The filing covers financial data and business operations for the period, with previous fiscal years also referenced for comparison.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of James Hardie's financial performance and business activities for the past fiscal year, crucial for understanding the company's health and future prospects.

Risk Assessment

Risk Level: medium — As a publicly traded company filing a 20-F, it inherently carries market and operational risks, but the filing itself doesn't indicate immediate distress.

Key Numbers

Key Players & Entities

FAQ

What is the primary business of James Hardie Industries plc?

James Hardie Industries plc is primarily involved in the concrete products sector, specifically manufacturing and marketing building materials.

Where is James Hardie Industries plc headquartered?

The company's business and mail address are listed in Dublin, Ireland.

What period does this 20-F filing cover?

This 20-F filing covers the fiscal year ending March 31, 2024.

What is the SEC file number for James Hardie Industries plc?

The SEC file number for James Hardie Industries plc is 001-15240.

Has the company's name changed previously?

Yes, the company was formerly known as James Hardie Industries SE (changed 2010-02-19) and James Hardie Industries N.V. (changed 2009-05-08), among other prior names.

Filing Stats: 4,491 words · 18 min read · ~15 pages · Grade level 14 · Accepted 2024-05-20 16:24:48

Filing Documents

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 115 Remuneration of Independent Registered Public Accounting Firm 148 Section 3 149

Legal Proceedings

Legal Proceedings 160

Controls and Procedures

Controls and Procedures 161 Cybersecurity 163 Employees 165 Listing Details 165 Purchases of Equity Securities by the Issuer and Affiliated Purchases 168 Taxation 169

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 177 Other Information 179 Section 4 181 SHARE/CHESS Units of Foreign Securities Information 181 Glossary of Abbreviations and Definitions 183 Exhibit List 189

Signatures

Signatures 194 Table of Contents James Hardie 2024 Annual Report on Form 20-F ii FORM 20-F CROSS REFERENCE Page(s) PART 1

Identity of Directors, Senior Management and Advisers Not applicable

Item 1. Identity of Directors, Senior Management and Advisers Not applicable

Offer Statistics and Expected Timetable Not applicable

Item 2. Offer Statistics and Expected Timetable Not applicable

Key Information

Item 3. Key Information A. [Reserved] Not applicable B. Capitalization and Indebtedness Not applicable C. Reasons for the Offer and Use of Proceeds Not applicable D. Risk Factors 149-159

Information on the Company

Item 4. Information on the Company A. History and Development of the Company 2-3; 12-13; 180 B. Business Overview 3-9 C. Organizational Structure 3; 10 D. Property, Plants and Equipment 11-13; 106-107

Unresolved Staff Comments

Item 4A. Unresolved Staff Comments None

Operating and Financial Review and Prospects

Item 5. Operating and Financial Review and Prospects A. Operating Results 99-105 B. Liquidity and Capital Resources 105-107 C. Research and Development, Patents and Licenses, etc. 8 D. Trend Information 107 E. Critical Accounting Estimates 96-99

Directors, Senior Management and Employees

Item 6. Directors, Senior Management and Employees A. Directors and Senior Management 14-29 B. Compensation 30-68 C. Board Practices 22-29; 69-93 D. Employees 165 E. Share Ownership 57-60; 64-68 F. Disclosure of a Registrant's action to Recover Erroneously Awarded Compensation None

Major Shareholders and Related Party Transactions

Item 7. Major Shareholders and Related Party Transactions A. Major Shareholders 181-182 B. Related Party Transactions 130 C. Interests of Experts and Counsel Not Applicable

Financial Information

Item 8. Financial Information A. Consolidated Statements and Other Financial Information 108-147; 179 B. Significant Changes None

The Offer and Listing

Item 9. The Offer and Listing A. Offer and Listing Details 165-167 B. Plan of Distribution Not Applicable C. Markets 165-166 D. Selling Shareholders Not Applicable E. Dilution Not Applicable F. Expenses of the Issue Not Applicable Table of Contents James Hardie 2024 Annual Report on Form 20-F iii PART 1 (continued) Page(s)

Additional Information

Item 10. Additional Information A. Share Capital Not Applicable B. Memorandum and Articles of Association 179 C. Material Contracts 179 D. Exchange Controls 179 E. Taxation 169-176 F. Dividends and Paying Agents Not Applicable G. Statement by Experts Not Applicable H. Documents on Display 180 I. Subsidiary Information Not Applicable J. Annual Report to Security Holders 180

Quantitative and Qualitative Disclosures About Market Risk 177-178

Item 11. Quantitative and Qualitative Disclosures About Market Risk 177-178

Description of Securities Other Than Equity Securities

Item 12. Description of Securities Other Than Equity Securities A. Debt Securities Not Applicable B. Warrants and Rights Not Applicable C. Other Securities Not Applicable D. American Depositary Shares 166-167 PART II

Defaults, Dividend Arrearages and Delinquencies

Item 13. Defaults, Dividend Arrearages and Delinquencies None

Material Modifications to the Rights of Security Holders and Use of Proceeds None

Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds None

Controls and Procedures 161-162

Item 15. Controls and Procedures 161-162

[Reserved] Not Applicable

Item 16. [Reserved] Not Applicable

Audit Committee Financial Expert 88

Item 16A. Audit Committee Financial Expert 88

Code of Ethics 85-87

Item 16B. Code of Ethics 85-87

Principal Accountant Fees and Services 148

Item 16C. Principal Accountant Fees and Services 148

Exemptions from the Listing Standards for Audit Committees

Item 16D. Exemptions from the Listing Standards for Audit Committees None

Purchases of Equity Securities by the Issuer and Affiliated Purchasers 168

Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 168

Change in Registrant's Certifying Accountant None

Item 16F. Change in Registrant's Certifying Accountant None

Corporate Governance 69-93

Item 16G. Corporate Governance 69-93

Mine Safety Disclosure 12

Item 16H. Mine Safety Disclosure 12

Disclosure Regarding Foreign Jurisdictions That Prevent Inspections Not Applicable

Item 16I. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections Not Applicable

Insider Trading Policies 86-87

Item 16J. Insider Trading Policies 86-87

Cybersecurity 163-164

Item 16K. Cybersecurity 163-164 PART III

Financial Statements Not Applicable

Item 17. Financial Statements Not Applicable

Financial Statements 108-147

Item 18. Financial Statements 108-147

Exhibits 189-193

Item 19. Exhibits 189-193 Table of Contents James Hardie 2024 Annual Report on Form 20-F 1 SECTION 1 INTRODUCTION James Hardie Industries plc is a world leader in the manufacturing of fiber cement building solutions, and a market leader in Europe for fiber gypsum products. Our current primary geographic markets include the United States of America ("US," "USA" or the "United States"), Australia, Europe, New Zealand and the Philippines. James Hardie Industries plc is a "public limited company," incorporated and existing under the laws of Ireland. Except as the context otherwise may require, references in this Annual Report on Form 20-F (this "Annual Report") to "James Hardie," the "James Hardie Group," the "Company," "JHI plc," "we," "our" or "us" refer to James Hardie Industries plc, together with its direct and indirect wholly owned subsidiaries as of the time relevant to the applicable reference. For certain information about the basis of preparing the financial information in this Annual Report as well as an explanation of forward-looking statements and the risks, uncertainties and assumptions to which they are subject, see "Section 2 – Reading this Report." Further, a "Glossary of Abbreviations and Definitions" has also been included under Section 4 of this Annual Report. The term "fiscal year" refers to our fiscal year ended 31 March of such year; the term "dollars," "US$" or "$" refers to US dollars; the term "AUD" or "A$" refers to Australian dollars; and the term "EUR" or "" refers to Euros. Information contained in or accessible through the websites mentioned in this Annual Report does not form a part of this Annual Report unless we specifically state that it is incorporated by reference herein. All references in this Annual Report to websites are inactive textual references and are for information only. Table of Contents James Hardie 2024 Annual Report on Form 20-F 2 INFORMATION ON THE COMPANY History and Development of the Company

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