James Hardie Building Products Inc. Announces Exclusive Agreement with McKinley Homes

Rhea-AI Summary

James Hardie Building Products Inc. (NYSE: JHX), North America's leading fiber cement siding manufacturer, has secured a three-year exclusive agreement with McKinley Homes to supply Hardie® siding and trim products for all new residential developments across five southeastern states through 2027. McKinley Homes, a major developer with over 6,000 lots and projects across multiple states, will implement Hardie® products across their communities in Alabama, Tennessee, Georgia, Texas, and North Carolina. The partnership combines James Hardie's reputation for durable, non-combustible siding products with McKinley Homes' commitment to quality construction. This strategic collaboration aims to enhance the curb appeal and durability of McKinley's new residential developments while expanding James Hardie's market presence in the Southeast.

Positive

• Secured exclusive supplier agreement with major southeastern developer McKinley Homes through 2027
• Expands market presence across five states in the Southeast region
• Partnership with developer owning over 6,000 lots indicates significant revenue potential
• Strengthens position as #1 siding brand in North America

Negative

• None.

Insights

Construction Industry Analyst

JHX secures exclusive three-year siding supply agreement with McKinley Homes across five southeastern states, strengthening regional market position.

James Hardie has forged a strategic three-year exclusive agreement with McKinley Homes, securing placement of its fiber cement siding and trim products across all new McKinley residential developments in five southeastern states. This deal locks in a consistent customer through 2027 in the key markets of Alabama, Tennessee, Georgia, Texas, and North Carolina.

McKinley Homes represents a meaningful regional partner with substantial development capacity. The builder reports owning over 6,000 lots currently and brings significant experience, having completed more than 20,000 homes/lots over its history. Their active expansion throughout the Southeast aligns with regions experiencing continued housing demand.

From a competitive standpoint, this agreement reinforces James Hardie's market-leading position as the #1 siding brand in North America. The exclusive nature of the partnership effectively blocks competitors from accessing McKinley's developments, while providing James Hardie with showcase communities that demonstrate their products' aesthetic and performance benefits.

The partnership highlights builder recognition of Hardie products' value proposition, particularly their non-combustible properties and resistance to pest damage and extreme weather – significant selling points in southeastern markets prone to severe climate events. McKinley's commitment suggests these features translate to consumer appeal and potential premium positioning for their developments.

While financial terms remain undisclosed, the agreement represents a tangible validation of James Hardie's product quality and builder relationships in the competitive exterior building materials sector, providing a foundation for stable product placement in new construction through mid-2027.

 – The #1 brand of siding in North America* to supply Hardie^® siding and trim for all new McKinley Homes developments –

CHICAGO, May 8, 2025 /PRNewswire/ -- James Hardie Building Products Inc. (James Hardie), the North American leader in fiber cement siding and exterior solutions and a subsidiary of James Hardie Industries plc (ASX: JHX; NYSE: JHX), today announced a new three-year exclusive agreement with McKinley Homes, one of the top new construction developers in the Southeastern United States. Under the terms of the deal, James Hardie will supply its Hardie^® siding and trim products for all new McKinley Homes residential communities across Alabama, Tennessee, Georgia, Texas, and North Carolina.

This exclusive collaboration reflects McKinley Homes' dedication to building high-quality homes with long-lasting curb appeal while supporting James Hardie's commitment to provide innovative and durable exterior solutions to homeowners.

"Working with James Hardie allows us to deliver elevated design and performance in every home we build," said Mary Mead, Vice President of Sales & Marketing at McKinley Homes. "This exclusive agreement ensures our homeowners benefit from the durability, beauty, and reliability that Hardie^® products are known for."

Hardie^® siding products are non-combustible**, do not appeal to pests, and resist damage from water and extreme weather. The wide range of colors and styles offer homeowners both timeless and contemporary design options, backed by trusted protection.

"We're proud to be the exclusive siding and trim supplier for McKinley Homes," said Sean Gadd, President of James Hardie North America. "This agreement brings together two companies focused on quality and innovation, extending the reach of Hardie^® products to even more communities throughout the Southeast and beyond."

With this exclusive collaboration in effect through 2027, James Hardie and McKinley Homes are committed to delivering homes that blend exceptional design with enduring performance—raising the standard for new residential construction.

For more information about James Hardie Building Products Inc., visit www.jameshardie.com.

*Based on Freedonia 2022 Global Siding (Cladding) demand estimates and James Hardie sales in North America
**Hardie® siding complies with ASTM E136 as a noncombustible cladding. Noncombustible siding, when combined with other fire mitigation measures, can help harden a home against external fire..

James Hardie Building Products Inc.
James Hardie truly represents What The Best Are Made Of™. As the #1 brand of siding in North America, James Hardie offers exterior solutions and accessories for every style. Hardie^® products deliver resilient beauty and endless design possibilities, with trusted protection and low maintenance. Hardie^® products are noncombustible and stand up to weather while empowering homeowners and building professionals to achieve the home of their dreams. James Hardie operates with an inclusive company culture and an unwavering commitment to Zero Harm. The company proudly employs a diverse workforce of over 3,700 employees in North America.

For more information and media resources, visit  JamesHardie.com and JamesHardie.com/about-us/media-resources. For investor information, please visit ir.jameshardie.com.au.

Connect with James Hardie on social media:
LinkedIn
Instagram
Facebook
X [formerly Twitter]

Media Contact:
James Hardie
jameshardieuspr@webershandwick.com 

Investor Contact:
Joe Ahlersmeyer, CFA
Vice President, Investor Relations  
investors@jameshardie.com 

About McKinley Homes
McKinley Homes US, LLC, is a land developer and builder based in Atlanta, GA that specializes in real estate development and vertical construction. Founded in 2016, the McKinley Homes development and home building team has more than 45 years of experience completing more than 20,000 lots/homes and building various commercial and residential communities, including townhome and single-family subdivisions, office buildings, apartment complexes, and multi-family high-rises. McKinley Homes currently has projects in Atlanta, Alabama, New York, North Carolina, Houston, and Tennessee. With over 6,000 lots currently owned, McKinley is poised to continue its growth throughout the United States.

View original content to download multimedia:https://www.prnewswire.com/news-releases/james-hardie-building-products-inc-announces-exclusive-agreement-with-mckinley-homes-302449518.html

SOURCE James Hardie Building Products Inc.

FAQ

What is the duration of James Hardie's (JHX) exclusive agreement with McKinley Homes?

The exclusive agreement between James Hardie and McKinley Homes is for three years, extending through 2027.

Which states are covered under JHX's McKinley Homes partnership?

The agreement covers McKinley Homes' developments across five states: Alabama, Tennessee, Georgia, Texas, and North Carolina.

How many lots does McKinley Homes currently own for development?

McKinley Homes currently owns over 6,000 lots across their development portfolio.

What products will James Hardie supply to McKinley Homes under this agreement?

James Hardie will supply their Hardie® siding and trim products for all new McKinley Homes residential communities.

What are the key features of Hardie® siding products mentioned in the agreement?

Hardie® siding products are non-combustible, pest-resistant, and protect against water and extreme weather damage, offering various colors and styles.