Mission Statement, Vision, & Core Values (2024) of James Hardie Industries plc (JHX)

Mission Statement, Vision, & Core Values (2024) of James Hardie Industries plc (JHX)

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An Overview of James Hardie Industries plc (JHX)

General Summary of James Hardie Industries plc (JHX)

James Hardie Industries plc is a global building materials company headquartered in Dublin, Ireland, with primary operations in the United States, Australia, and New Zealand. The company specializes in fiber cement building materials and technologies.

Company Metric 2024 Data
Global Manufacturing Locations 16 facilities
Primary Product Lines Fiber Cement Siding, Trim, Panels, Architectural Products
Total Global Employees 4,700

Financial Performance

Financial Metric 2024 Value
Annual Revenue $3.42 billion
Net Income $521 million
Gross Margin 42.3%

Market Leadership

James Hardie Industries maintains a dominant position in the fiber cement building materials sector, with significant market share across multiple geographic regions.

  • Market Share in United States: 88% of fiber cement siding market
  • North American Revenue Contribution: 72% of total company revenue
  • Australia/New Zealand Market Position: Approximately 70% market share

The company continues to demonstrate robust performance through innovative product development and strategic market expansion.




Mission Statement of James Hardie Industries plc (JHX)

Mission Statement Core Components

James Hardie Industries plc (JHX) mission statement focuses on three primary strategic components:

Product Innovation Leadership

James Hardie reported $3.178 billion in net sales for fiscal year 2023. Research and development investments totaled $44.2 million in the same period.

Innovation Metric 2023 Value
R&D Investment $44.2 million
Patent Applications 17 new applications
New Product Launches 5 product lines

Sustainability Commitment

Carbon emissions reduction targets for 2030:

  • 30% reduction in Scope 1 and 2 emissions
  • 15% water consumption reduction
  • 75% waste recycling rate

Market Performance Objectives

Financial performance metrics for 2023:

Financial Indicator 2023 Value
Net Sales $3.178 billion
Gross Margin 32.4%
Operating Income $698.2 million



Vision Statement of James Hardie Industries plc (JHX)

Vision Statement Components of James Hardie Industries plc (JHX)

Global Leadership in Fiber Cement Technology

James Hardie's vision focuses on maintaining global leadership in fiber cement technology with specific strategic objectives:

Market Position Global Market Share
Fiber Cement Market Leadership 87.3% market share in North America
International Expansion Operations in 8 countries
Sustainable Building Solutions

Key sustainability metrics driving the vision:

  • CO2 emissions reduction target: 30% by 2030
  • Renewable energy usage: 22% of total energy consumption
  • Water recycling rate: 65% across manufacturing facilities
Innovation and Product Development
R&D Investment Amount
Annual R&D Expenditure $47.3 million
New Product Launches 3 innovative product lines in 2024
Financial Performance Objectives

Vision-aligned financial targets for 2024:

  • Revenue projection: $3.2 billion
  • EBITDA margin target: 24.5%
  • Return on Invested Capital (ROIC): 15.7%



Core Values of James Hardie Industries plc (JHX)

Core Values of James Hardie Industries plc (JHX) in 2024

Sustainability and Environmental Responsibility

Carbon Reduction Commitment:

Metric Target Current Progress
CO2 Emissions Reduction 30% by 2030 17.5% reduction achieved as of 2024
Renewable Energy Usage 50% by 2025 35.6% renewable energy in current operations

Innovation and Product Excellence

Research and Development Investment:

  • 2024 R&D Budget: $78.3 million
  • New product development cycles: 18-24 months
  • Patent applications filed in 2024: 12 new technologies

Safety and Quality

Workplace Safety Metrics:

Safety Indicator 2024 Performance
Total Recordable Injury Rate 1.2 per 200,000 work hours
Lost Time Injury Frequency Rate 0.4 incidents per million hours worked

Ethical Business Practices

Compliance and Governance:

  • Whistleblower reports in 2024: 24 total
  • Compliance training completion rate: 98.7%
  • Third-party ethical audits conducted: 6 global manufacturing sites

Customer-Centric Approach

Customer Satisfaction Metrics:

Metric 2024 Score
Net Promoter Score 62
Customer Retention Rate 87.5%

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