James Hardie Industries plc (NYSE:JHX) Q3 2023 Earnings Call Transcript

Jason Miele : Yes, Peter, I guess I’ll just add I was obviously part of the board sets those, but they obviously relied on our data, et cetera, and at the time we set those prior to the year starting. And the expectations around the market, as Aaron walked through earlier in the deck, we didn’t see the downturn as significant as it is. And so now Aaron’s laid out the framework of how we’ll run the business with margins above 25, STIs are set at a point in time, our LTIs are set in a point of time, and now you got a market that’s decelerated over 10% since that time, we’ll have to adjust and run the business accordingly.

Operator: That is all the time we have for questions today. I will now hand the conference back to Mr. Erter for closing remarks.

Aaron Erter: Hey, just I want to thank you all for joining the call. And I would like to end reiterating what I said earlier on the call. Whatever challenges we face, it’s our job to outperform the market while providing our customer solutions. That’s what we have a history of doing and what we intend on doing moving forward, regardless of market conditions. I’m proud of the team. I think we are managing decisively and aggressively. And hopefully you’ve heard here we’re laser focused on driving profitable share gain in every region while delivering strong financial returns. Thank you very much.

Operator: That does conclude our conference for today. Thank you for participating. You may now disconnect.