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CHICAGO - James Hardie Building Products Inc., a subsidiary of James Hardie Industries plc (NYSE:JHX), announced Wednesday the renewal of its exclusive agreement with homebuilder Green Brick Partners, Inc. (NYSE:GRBK) for three additional years through 2028. Green Brick Partners, with a market capitalization of $3.2 billion and an impressive YTD return of over 30%, has demonstrated strong financial health according to InvestingPro analysis.
Under the renewed agreement, Hardie siding and trim products will remain the exclusive choice for new developments by Green Brick Partners, which operates homebuilding subsidiaries across Texas, Georgia and Florida.
The extension builds on an existing relationship between the fiber cement siding manufacturer and the homebuilder, which has constructed residential developments in several fast-growing U.S. housing markets.
"Green Brick Partners is committed to high quality and exceptional homes and communities, and Hardie siding and trim products have and will continue to play a vital role in helping us achieve that goal," said Todd Stern, National Director of Purchasing for Green Brick Partners, in the press release.
Hardie products are engineered to withstand extreme weather conditions while being resistant to moisture and pests. The company describes its fiber cement products as noncombustible when tested according to industry standards.
Sean Gadd, President of James Hardie North America, said the agreement highlights the "shared emphasis we place on quality, innovation, and delivering homes that stand the test of time."
James Hardie identifies itself as the North American leader in fiber cement home siding and the number one brand of siding in North America, based on industry demand estimates.
Green Brick Partners is described as the third largest homebuilder in the Dallas-Fort Worth area, with operations also in Georgia and Florida through its subsidiary homebuilders. The company has maintained strong profitability with a net income of $347 million in the last twelve months, while operating with moderate debt levels. InvestingPro analysis reveals 12 additional key insights about the company’s financial outlook and market position.
In other recent news, Green Brick Partners Inc. reported its second-quarter 2025 earnings, which did not meet market expectations. The company disclosed an earnings per share (EPS) of $1.85, falling short of the projected $2.08. Additionally, Green Brick’s revenue reached $549.15 million, missing the anticipated $559.95 million. These results highlight the company’s performance challenges during this period. Analysts from various firms have been closely monitoring these developments. There have been no recent upgrades or downgrades reported from major analyst firms. Investors are paying attention to how Green Brick Partners will navigate these financial results. These recent developments are crucial for understanding the company’s current financial standing.
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