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Fiber cement maker James Hardie's second-quarter profit rises 67%

By Reuters News

Nov 6 (Reuters) - James Hardie Industries on Friday reported a 67% rise in second-quarter profit, driven by strong performance in the North America fiber cement segment and ahead-of-schedule cost synergies from the AZEK acquisition.

The Dublin-headquartered firm reported adjusted net income of $248.5 million for the three months ended September 30, compared with $148.4 million last year.

That beat the Visible Alpha consensus estimate of $218.9 million.

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