Slater and Gordon is investigating a potential shareholder class action against James Hardie Industries plc (James Hardie) in relation to its 1Q FY26 results and downgraded FY26 guidance released on 20 August 2025.
Following this release, James Hardie's share price declined by approximately 34 per cent, wiping billions of dollars from its market capitalisation.
On the basis of Slater and Gordon's investigations to date, the proposed proceeding is likely to allege that James Hardie engaged in misleading or deceptive conduct and/or breached its continuous disclosure obligations, in contravention of relevant sections of the Corporations Act 2001 (Cth) and the ASX Listing Rules, in relation to its:
FY26 earnings guidance, provided to the ASX on 21 May 2025; and failure to update market consensus on its 1Q FY26 performance until 20 August 2025.
The claim proposes to represent shareholders who purchased James Hardie shares on the ASX between 21 May 2025 and 19 August 2025 (inclusive).
Slater and Gordon is currently taking registrations of interest from shareholders on its website here.
Slater and Gordon's Head of Class Actions, Ms Emma Pelka-Caven said:
"Our financial markets rely on companies providing prompt disclosure of all material information relevant to investment decision making. It is vital that listed companies are held accountable in circumstances that shareholders are misled, or material information is withheld."
Registrations
Slater and Gordon is welcoming registrations of interest on its website here.
