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- U.S. leading hard siding company becomes exclusive siding and trim supplier for nation's fifth largest homebuilder - CHICAGO , Aug. 6, 2024 /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 home-building products, today announced a multi-year exclusive agreement with Meritage Homes (NYSE: MTH), the fifth-largest public homebuilder in the United States. The exclusive agreement bolsters the existing relationship between James Hardie and Meritage and will make Hardie® siding and trim products standard on every new Meritage home where hard siding is installed across the U.S. through 2027.
The homebuilder is committed to supporting employees through an employer-sponsored relief fund and employee resource groups The homebuilder is committed to supporting employees through an employer-sponsored relief fund and employee resource groups
The second-quarter 2024 results of Meritage Homes (MTH) showcase impressive home closings and new home order growth. The uptrend was backed by its strategy of readily delivering quick-turning and affordable move-in-ready homes.
Meritage Homes has the highest Composite Rating of 22 companies in IBD's homebuilding industry group.
Although the revenue and EPS for Meritage (MTH) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Meritage Homes (MTH) came out with quarterly earnings of $6.31 per share, beating the Zacks Consensus Estimate of $5.17 per share. This compares to earnings of $5.02 per share a year ago.
Meritage Homes' (MTH) second-quarter 2024 performance is likely to have benefited from improved cycle times, land acquisition and solid spec strategy.
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Meritage (MTH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Meritage (MTH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.