James Hardie Industries is a global leader in the manufacturing of fiber-cement building materials and accessories
The company specializes in providing innovative and sustainable solutions for residential and commercial construction projects, with a focus on exterior and interior building products such as siding, backer board, and other related materials. With a commitment to quality and durability, James Hardie aims to enhance the performance and aesthetic appeal of buildings while promoting energy efficiency and environmental responsibility in the construction industry.
Lynch encouraged investors to look at businesses they understand and have strong financials. Does JAMES HARDIE IND PLC-SP ADR (NYSE:JHX) align with this approach? We take a closer look.
James Hardie will acquire AZEK in a $8.75 billion cash and stock deal – AZEK shareholders will receive $26.45 in cash and 1.034 shares of James Hardie for each share of AZEK.
James Hardie Industries is set to acquire AZEK in an $8.75 billion deal. The acquisition, expected to close by 2025, will expand its market presence to $23 billion in North America, boosting sales and EBITDA growth.
James Hardie Industries plc (ASX / NYSE: JHX) (“James Hardie” or the “Company”), a leader in providing high-performance, low-maintenance building products and solutions, and The AZEK Company Inc. (NYSE: AZEK) (“AZEK”), a leading manufacturer of high-performance, low-maintenance and environmentally sustainable outdoor living products, today announced entry into a definitive agreement (the “Agreement”) under which James Hardie will acquire AZEK for a combination of cash and James Hardie shares with a total transaction value of $8.75 billion, including AZEK’s net debt of approximately $386 million as of December 31, 2024.
James Hardie Industries plc (ASX / NYSE: JHX) ("James Hardie" or the "Company"), a leader in providing high performance, low maintenance building products and solutions, and a company inspiring how communities design build and grow, today announced results for its third quarter ending December 31, 2024. Speaking to the results, Aaron Erter, CEO said, “We delivered strong business and financial results in the third quarter, and our year-to-date performance shows that we have a strong handle on our business as we continue to scale the organization and invest to grow profitably. Our teams are focused on safely delivering the highest quality products, solutions and services to our customers, and we are executing on our strategy to outperform our end-markets.”
