Building materials supplier James Hardie has lifted its earnings forecast for the financial year after booming first-quarter sales.
The fibre cement provider on Tuesday increased its full-year forecast to between $US550 million ($750 million) and $US590 million in adjusted net income.
The previous forecast for the 12 months to March 31 next year was between $US520 million and $US570 million.
The heightened targets come after first-quarter global sales improved by 35 per cent to $US843.3 million.
Sales in North America, where the company makes most of its money, improved by 28 per cent to $577.1 million.
James Hardie shares hit an all-time high of $50.72 before easing but were still higher by 3.9 per cent to $49.80 at 1132 AEST.
