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James Hardie Building Products Inc. Secures Exclusive Product Deal with M/I Homes

1. James Hardie enters a three-year exclusive agreement with M/I Homes. 2. The partnership standardizes Hardie siding on all new M/I Homes. 3. Hardie products offer durability, low maintenance, and aesthetic versatility. 4. The deal aims to enhance climate-resilient home outputs. 5. This collaboration strengthens James Hardie's position in the market.

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FAQ

Why Bullish?

The exclusive agreement may lead to increased sales and revenue for JHX, expanding their market presence and reinforcing customer loyalty, similar to past contracts that boosted their stock performance.

How important is it?

This agreement has the potential to significantly impact JHX's revenue streams and market share in the home building industry.

Why Long Term?

The effects of this deal will manifest over several years as M/I Homes continues to deploy Hardie's products in new constructions, contributing to sustained sales growth.

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MHODHIKBH
- The Nation's #1 brand of siding becomes sole siding and trim supplier for one of the country's leading home builders -, /PRNewswire/ -- James Hardie Building Products Inc. (James Hardie), a subsidiary of James Hardie Industries plc (ASX: JHX;  NYSE: JHX) and a North American leader in exterior home building products, has announced a three-year exclusive agreement with M/I Homes, a leading home builder in the United States.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. M/I Homes, Inc. is one of the nation's leading homebuilders of single-family homes. 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 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:LinkedInInstagramFacebookX [formerly Twitter]Media Contact:James Hardie[email protected] Investor Contact:Joe Ahlersmeyer, CFAVice President, Investor Relations[email protected]About M/I HomesM/I Homes, Inc. is one of the nation's leading homebuilders of single-family homes. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Detroit, Michigan; Tampa, Sarasota, Fort Myers/Naples and Orlando, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina and Nashville, Tennessee.For more information, visit www.mihomes.comSOURCE James Hardie Building Products Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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