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Niraj-Samip Shah

Research Analyst at Goldman Sachs

Niraj-Samip Shah served as an analyst at Goldman Sachs & Co. LLC from 2010 to 2012, where he contributed to the firm's investment research with a focus on the finance and consumer services sectors. Following his tenure at Goldman Sachs, he became an Associate at Apax Partners, and later held key roles at RedBird Capital Partners and Otro Capital Management, which he co-founded in 2023. He holds an undergraduate degree from The Ohio State University, class of 2009. Shah's professional background is grounded in private equity, investment management, and advisory roles, with a trajectory reflecting strong sector expertise and a robust network in financial services.

Niraj-Samip Shah's questions to James Hardie Industries (JHX) leadership

Niraj-Samip Shah's questions to James Hardie Industries (JHX) leadership • Q1 2025

Question

Niraj-Samip Shah from Goldman Sachs asked for clarification on the expected start-up costs for the second quarter and the full fiscal year.

Answer

CFO Rachel Wilson reiterated the previous full-year guidance for start-up costs of about $10 million but did not provide specific quarterly guidance. However, she did confirm that start-up costs are expected to accelerate modestly in the second quarter compared to the first.

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