Gold is 2025’s best performer. UBS sees more upside
CHICAGO - James Hardie Building Products Inc., a subsidiary of James Hardie Industries plc (NYSE:JHX; ASX:JHX), announced Tuesday a new three-year exclusive agreement with Beazer Homes (NYSE:BZH) to supply fiber cement siding and trim products for all new Beazer communities nationwide. Beazer Homes, with a market capitalization of $734 million and annual revenue of $2.4 billion, currently trades at an attractive P/E ratio of 7.8, according to InvestingPro data.
The agreement extends the companies’ relationship that began in 2010 and will run through 2028. Under the terms, Hardie siding and trim products will be the standard for new Beazer homes across the country.
"James Hardie is instrumental in helping us deliver quality, energy efficient and beautiful homes to our customers," said Jim Moore, Senior Vice President of Operations for Beazer Homes, according to the press release.
Sean Gadd, President of James Hardie North America, called the agreement "a testament to the strength of our relationship with Beazer Homes."
James Hardie’s fiber cement products are engineered to resist damage from moisture, pests and extreme weather. The company states its products are noncombustible when tested in accordance with ASTM E84, though this rating does not extend to applied paints or coatings.
Beazer Homes, which builds in 13 states including Arizona, California, Florida, and Texas, markets itself as America’s top energy efficient builder based on its Home Energy Rating System (HERS) score.
The financial terms of the agreement were not disclosed in the announcement. While Beazer Homes maintains strong liquidity with a current ratio of 9.48, InvestingPro analysis indicates the company operates with a significant debt burden. With earnings results due in just two days, investors can access deeper insights and 13 additional ProTips through InvestingPro’s comprehensive research report.
In other recent news, Beazer Homes reported its second-quarter earnings for fiscal year 2025, surpassing analysts’ expectations with an earnings per share (EPS) of $0.42, while the forecast was $0.29. However, the company did not meet revenue expectations, reporting $565.34 million compared to the anticipated $625.21 million. This earnings report follows Texas Capital Securities’ initiation of coverage on Beazer Homes with a buy rating and a $25.00 price target. Texas Capital highlighted Beazer Homes’ commitment to energy efficiency, noting that it is the first public homebuilder with all new starts built to the Department of Energy’s Zero Energy Ready Home standard. This initiative aims to provide customers with energy-efficient homes that offer lower long-term ownership costs. These developments are part of the recent updates concerning Beazer Homes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.