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CHICAGO - James Hardie (NYSE:JHX) Building Products Inc. (NYSE: JHX), a $14.35 billion market cap leader known for its fiber cement exterior design solutions, has entered into a three-year exclusive agreement with M/I Homes (NYSE:MHO), one of the nation’s top homebuilders. According to InvestingPro data, the company maintains a strong financial health score, with three analysts recently revising earnings estimates upward for the upcoming period. This deal, announced today, cements a decade-long relationship, positioning Hardie® siding and trim as the standard for all new M/I Homes where hard siding is installed.
The partnership ensures that M/I Homes will feature Hardie® siding and trim products exclusively, which are recognized for their noncombustible properties, resistance to pests and water damage, and ability to withstand extreme weather conditions. Homebuyers can expect a variety of design options, as James Hardie offers a wide color range across multiple collections. The company’s strong market position is reflected in its impressive 40.17% gross profit margin and robust revenue of $3.94 billion in the last twelve months.
Mike Glassmeyer, Vice President of National Purchasing at M/I Homes, highlighted the benefits of the collaboration, noting the agreement will enable them to provide customers with enhanced protection, durability, aesthetics, and low maintenance solutions for their new homes.
Sean Gadd, President of James Hardie North America, expressed enthusiasm for the deal, emphasizing the company’s vision to inspire community design and growth. Gadd anticipates the collaboration with M/I Homes will result in high-quality, climate-resilient homes that are aesthetically pleasing and built to last.
James Hardie is the leading producer of high-performance fiber cement building solutions in the United States, offering a range of siding and accessories suitable for various home styles. The company is committed to a Zero Harm culture and employs over 3,700 people across North America. InvestingPro analysis reveals the company’s solid financial foundation, with liquid assets exceeding short-term obligations and a healthy current ratio of 2.02. Discover more insights about James Hardie’s financial performance and growth potential in the comprehensive Pro Research Report, available exclusively on InvestingPro.
The exclusive product agreement between James Hardie and M/I Homes aims to leverage industry expertise and innovations to deliver quality homes nationwide. This information is based on a press release statement. For further details about James Hardie Building Products Inc. and Hardie® products, visit their website.
In other recent news, James Hardie Industries demonstrated a robust financial performance in the second quarter of its 2025 fiscal year, surpassing expectations with $0.5 billion in adjusted EBITDA and $157 million in adjusted net income. Despite a 4% dip in sales, the company managed to ship 717 million standard feet in North America, achieving a 29% EBIT margin. These recent developments show the company’s resilience amid challenging market conditions.
Furthermore, Jefferies initiated coverage of James Hardie Industries with a Buy rating, citing the company’s effective management of inflationary pressures and downturn in volumes. This confidence in the company’s operational strengths was reflected in the new price target of AUD63.00.
Truist Securities also started coverage on James Hardie Industries, issuing a Buy rating and a price target of $45.00. Truist highlighted the company’s strong position in the building products sector and its potential to benefit from the continued growth of the fiber cement siding market.
The company’s recent strategic hires and the potential divestiture of its lower-margin European business were also noted as positive steps towards enhancing its growth and profitability profile. These recent analyst notes and earnings results underscore James Hardie Industries’ resilience and potential for future growth.
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