Latest news with #Pahlisch
Yahoo
23-05-2025
- Business
- Yahoo
James Hardie Partners With Pahlisch to Expand Northwest Reach
James Hardie Industries plc JHX unit — James Hardie Building Products Inc. — has announced an exclusive three-year strategic partnership with Pahlisch Homes, a premier homebuilder in the Pacific Northwest. Under this agreement, Hardie siding and trim will become the default exterior solution across all of Pahlisch's new residential developments in the region. This alliance is a key move to deepen James Hardie's market penetration in a high-growth territory while aligning with a brand that prioritizes long-term homeowner value. James Hardie's reputation as the No. 1 siding brand in North America is built on the performance, durability, and design flexibility of its fiber cement products. These attributes resonate strongly with Pahlisch Homes' commitment to building communities that offer enduring aesthetic and structural value. Pahlisch CEO Matt Nelson emphasized that the collaboration reflects a shared vision for innovation and quality, highlighting that the agreement is not merely a supply deal but a strategic alignment of agreement reinforces James Hardie's strategy to grow through targeted partnerships and regional expansion. The deal not only secures long-term product adoption across a respected builder's pipeline but also enhances brand visibility in a lucrative geographic corridor. It exemplifies James Hardie's focus on embedding itself deeper into the residential construction value chain—a move likely to drive volume growth and strengthen pricing power in a competitive market. James Hardie shares have lost 23.5% over the past three months, underperforming the Zacks Building Products - Miscellaneous industry's 8.8% decline. Macroeconomic uncertainty, affordability concerns, and deflation in the home remodeling market continued to suppress large-ticket R&R spending. Multifamily construction also remained deeply challenged, and interior product volumes suffered from softness in discretionary remodeling. Additionally, raw material inflation, particularly in pulp and cement, impacted margins, although mitigated by pricing and operational savings. Image Source: Zacks Investment Research Looking into fiscal 2026, James Hardie's management expects continued macro headwinds and projects a mid-single-digit decline in North American market volumes. Nonetheless, it anticipates modest net sales growth in the region due to above-market volume performance and price realization, particularly in ColorPlus. The merger with AZEK is also expected to drive commercial synergies, expand addressable markets, and accelerate top-line growth. Despite near-term challenges, JHX remains confident in achieving long-term EBITDA margin expansion and generating more than $1 billion in free cash flow Zacks Consensus Estimate for earnings per share (EPS) has declined to $1.57 from $1.60 over the past seven days, depicting analysts' concern over the company's prospects. The estimated figure indicates 5.4% year-over-year growth in 2025. James Hardie currently carries a Zacks Rank #4 (Sell).Some better-ranked stocks from the Construction sector are Sterling Infrastructure, Inc. STRL, EMCOR Group, Inc. EME and Gibraltar Industries, Inc. presently has a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter earnings surprise of 11.5%, on average. The stock has surged 67.8% in the past three months. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Zacks Consensus Estimate for Sterling's 2025 sales indicates a decrease of 1.7%, and the same for earnings implies an increase of 38.5% year over year. EMCOR currently holds a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of 22.8%, on average. The stock has gained 17.1% in the past three consensus estimate for EMCOR's 2025 sales and EPS implies an increase of 13.3% and 9.8%, respectively, from a year ago. Gibraltar currently carries a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of 3.1%, on average. The stock has lost 9.1% in the past three months. The Zacks Consensus Estimate for Gibraltar's 2025 sales and EPS implies an increase of 9.3% and 15.8%, respectively, from a year ago. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Gibraltar Industries, Inc. (ROCK) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report James Hardie Industries PLC. (JHX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
What is happening (or not) with 171 planned apartments near Tacoma Mall?
Plans for new apartments near the Tacoma Mall recently received an extension in terms of permitting. Avanti Apartments, planned at the site of a former office building, 4218 S. Steele St., received an extension on its building permit last month. 'The building permit was granted an extension on April 17 for another 180 days (10/14/2025),' according to Maria Lee, media representative for the City of Tacoma. The status of the site's building permit is listed as 'awaiting resubmittal/revisions,' on the city's permit portal. The site is owned by an LLC affiliated with Bend, Oregon-based Pahlisch real estate entity, which acquired the site in 2022 for $6.5 million. Pahlisch Commercial, which has offices in Bend, Oregon; Vancouver, Washington; and Bellevue, is the firm's branch that develops mixed-use, multifamily properties. Pahlisch representatives did not immediately respond to requests for comment on the Tacoma site. The project received an 8-year multifamily property tax exemption from City Council in 2023. Plans at the time called for 171 market-rate units, eight live/work units at ground level and around 130 parking spaces on the first two levels of the seven-story structure. In 2023, the city listed the development's completed assessed value at $75 million, based on estimated construction costs. Pahlisch has other planned apartment projects in Western Washington. The developers earlier this year received an 8-year MFTE for a $135 million, 564-unit, market-rate apartment complex at Kent's West Hill. In January, Pahlisch Commercial landed a $69.2 million construction loan for a a seven-story, 198-unit apartment building in Vancouver, Washington, as reported by
