James Hardie Building Products Inc. Secures Exclusive Product Deal with M/I Homes
James Hardie Building Products (NYSE: JHX) has secured a three-year exclusive agreement with M/I Homes, making Hardie® siding and trim products the standard feature on all new M/I Homes residences where hard siding is installed.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
James Hardie Building Products (NYSE: JHX) has secured a three-year exclusive agreement with M/I Homes, making Hardie® siding and trim products the standard feature on all new M/I Homes residences where hard siding is installed. This agreement strengthens their decade-long relationship and positions M/I Homes to offer enhanced protection and durability to customers.
Hardie® products are noncombustible, pest-resistant, water-resistant, and designed to withstand extreme weather conditions. The products come in a wide range of colors across multiple collections, offering versatile design options. This exclusive product agreement aims to deliver high-quality, climate-resilient homes nationwide.
Positive
- Secured three-year exclusive supplier agreement with major US homebuilder M/I Homes
- Expands market presence across M/I Homes' operations in multiple US states
- Strengthens existing decade-long business relationship
- Guarantees steady revenue stream from all M/I Homes' new constructions requiring hard siding
Negative
- None.
Details
News Market Reaction – JHX
The recorded move for JHX in the trading session of this news was -0.15%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- The Nation's #1 brand of siding becomes sole siding and trim supplier for one of the country's leading home builders -
The exclusive agreement solidifies a decade-long relationship between James Hardie and M/I Homes, making Hardie® siding and trim products a standard feature on every new M/I Homes residence where hard siding is installed.
Mike Glassmeyer, Vice President of National Purchasing at M/I Homes, expressed his excitement, saying, "Our longstanding collaboration with James Hardie has been advantageous. This exclusive agreement, which integrates various Hardie® siding and trim products into our new home developments, positions us to offer our customers enhanced protection, superior durability, gorgeous aesthetics, and low maintenance solutions for their new homes."
Homebuyers from M/I Homes can now look forward to the trusted protection and exceptional craftsmanship of Hardie® in their dream home. Hardie® siding and trim products are noncombustible*, won't appeal to pests, resists damage from water and are designed to withstand extreme weather conditions. With a wide range of colors available across multiple collections and products, James Hardie provides limitless design options, catering to traditional, ultra-modern and everything in between.
"Our vision at James Hardie is to inspire how communities design, build, and grow today and tomorrow," said Sean Gadd, President of James Hardie North America. This vision is brought to life in every quality M/I Home. We are thrilled to bring the James Hardie curb appeal to beautifully crafted homes and neighborhoods nationwide and look forward to collaborating with M/I for many years to come."
The exclusive product agreement between James Hardie and M/I Homes is aimed at delivering high-quality, climate-resilient homes. By leveraging industry expertise and innovations, the collaboration promises new homes that are not only aesthetically pleasing but also built to last.
For more information about James Hardie Building Products Inc. and Hardie® products, visit www.JamesHardie.com.
*Hardie® siding complies with ASTM E136 as a noncombustible cladding. Fiber cement fire resistance does not extend to applied paints or coatings, which may be damaged or char when exposed to flames.
James Hardie Building Products Inc.
James Hardie is a North American leader in fiber cement exterior design solutions. Hardie® products offer long-lasting beauty and endless design possibilities with trusted protection and low maintenance. As the #1 producer of high-performance fiber cement building solutions in the United States, James Hardie offers siding and accessories for every style. Hardie® products are noncombustible and stand up to weather and time 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
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 M/I Homes
M/I Homes, Inc. is one of the nation's leading homebuilders of single-family homes. The Company has homebuilding operations in
For more information, visit www.mihomes.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/james-hardie-building-products-inc-secures-exclusive-product-deal-with-mi-homes-302370758.html
SOURCE James Hardie Building Products Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.