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CHICAGO - James Hardie Building Products Inc. (NYSE: JHX), a leading producer of fiber cement siding and exterior design solutions with a market capitalization of $10 billion and annual revenue of $3.9 billion, has entered into a strategic three-year agreement with Pahlisch Homes to supply Hardie® siding and trim for new home developments in the Pacific Northwest and Northern Rockies.
Under the terms of the exclusive partnership, James Hardie’s products will become the standard exterior for Pahlisch’s residential projects. The collaboration reflects both companies’ dedication to quality and long-term value in home construction. According to InvestingPro data, James Hardie maintains a healthy gross profit margin of 39.5% and operates with moderate debt levels, demonstrating strong financial fundamentals. Matt Nelson, CEO of Pahlisch Homes, emphasized the alignment of their material choices with the goal of providing enduring value to homeowners and communities.
The Hardie® siding and trim are engineered to be non-combustible and resistant to pests, moisture, and the varied climates of the region. Homeowners in Pahlisch communities can expect a range of color and finish options for aesthetic consistency. While the company’s stock has seen recent price pressure, InvestingPro analysis suggests the company remains undervalued, with strong financial health metrics and ample liquidity to support operations.
Sean Gadd, President of James Hardie North America, expressed enthusiasm for the partnership, which aims to meet evolving market demands by providing innovative and reliable exterior solutions. The alliance is set to establish a new standard in home construction quality, style, and performance across the targeted regions.
James Hardie, recognized as the top siding brand in North America, is known for its commitment to inclusive culture, Zero Harm, and employing a diverse workforce of over 3,700 in North America. This partnership with Pahlisch Homes, a builder with a reputation for high-quality homes and community engagement since 1983, marks a significant step in expanding their market presence.
The information in this article is based on a press release statement from James Hardie Building Products Inc.
In other recent news, James Hardie Industries reported its fourth-quarter results, which did not meet expectations in several key areas, including market share growth and product mix. Citi analysts responded by lowering their price target to AUD41.50, maintaining a Neutral rating due to the company’s execution missteps and broader economic uncertainties. Truist Securities also adjusted its price target to $35.00 but retained a Buy rating, citing management’s forecast of slight growth for 2025, which is favorable compared to competitors. BofA Securities maintained a Buy rating with a $28.00 price target, projecting a 6% year-over-year EBITDA growth for fiscal year 2026. Additionally, James Hardie secured a three-year agreement with McKinley Homes to supply siding and trim for new developments across five states. The company also expanded its partnership with CBH Homes, making it the first Idaho builder to offer a complete range of Hardie® products. These strategic collaborations aim to enhance the reach and appeal of James Hardie’s offerings in the housing market.
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