Welcome to our dedicated page for Beazer Homes Usa news (Ticker: BZH), a resource for investors and traders seeking the latest updates and insights on Beazer Homes Usa stock.
Beazer Homes USA Inc (BZH) delivers energy-efficient residential construction across 13 U.S. states, serving first-time buyers and luxury homebuyers alike. This news hub provides investors and industry observers with essential updates about one of America’s most established homebuilders.
Find curated press releases and market analysis covering earnings announcements, leadership changes, sustainability initiatives, and community development projects. Track BZH’s progress in meeting Energy Star standards, expanding its geographic footprint, and adapting to housing market trends.
Key updates include quarterly financial results, land acquisition strategies, mortgage service innovations, and design advancements. All content is sourced from official company communications and reputable financial publications to ensure reliability.
Bookmark this page for streamlined access to BZH’s latest developments. Combine our news feed with SEC filings and industry reports for comprehensive due diligence on this NYSE-listed homebuilder.
Beazer Homes (NYSE: BZH) announced financial results for Q3 FY2024. Despite challenging conditions, the company reported Adjusted EBITDA of $53.5 million and EPS of $0.88. The company repurchased 450,000 shares.
Q3 highlights compared to Q3 FY2023:
- Net income: $27.2 million, down 38.0%
- Homebuilding revenue: $589.6 million, up 3.3%
- Home closings: 1,167 homes, up 4.5%
- Gross margin: 20.3%, down 310 basis points
- Orders: 1,070, down 10.8%
- Backlog value: $1.05 billion, up 3.6%
- SG&A: 11.9%, up 40 basis points
- Land spending: $201.1 million, up 52.7%
- Liquidity: $328.2 million
- Net debt to net capitalization: 45.8%, up from 40.3%
The company continues to advance ESG initiatives, with over 90% of Q3 starts meeting Zero Energy Ready standards. Michael Dunn was appointed as General Counsel, and John J. Kelley joined the Board of Directors.
Beazer Homes (NYSE: BZH) announced that it will release its financial results for the quarter ending June 30, 2024, on August 1, 2024, after the market closes. The company's management will discuss the results during a conference call scheduled for 5:00 PM ET on the same day. The public can access the call via the company's Investor Relations page or by telephone. A replay of the call will be available until August 15, 2024.
Beazer Homes (NYSE: BZH) has released its 2023 Sustainability Report, showcasing significant strides in environmental, social, and governance (ESG) initiatives. Key achievements include being recognized as EPA ENERGY STAR® Partner of the Year – Sustained Excellence for the 8th consecutive year and attaining 100% Indoor airPLUS certification for all homes, earning the EPA 2023 Indoor airPLUS Leader of the Year title. The report also highlights the completion of Beazer's first greenhouse gas inventory, revealing substantial GHG reductions over the past three years. Additional accolades include a 95% customer recommendation rating, being named a Top Workplace USA, and one of America's Most Trustworthy companies. Furthermore, charitable contributions increased to $2.5 million, and there have been improvements in employee and board diversity.
Beazer Homes USA, Inc. reported strong financial results for the second quarter of fiscal 2024, with net income of $39.2 million and adjusted EBITDA of $58.8 million. Despite a slight decrease in homebuilding revenue, the company maintained solid margins and experienced growth in both community count and lot position. Beazer Homes remains confident in achieving its full-year profitability goals, despite challenges in housing affordability and increased mortgage rates.
Beazer Homes has acquired a 174-acre property in Marietta, Georgia, for its new community, GreenHouse, which will feature 591 energy-efficient homes. The community will offer various home styles and amenities, with site work starting this summer and sales opening in Fall 2025. Beazer's Mortgage Choice program will aid homebuyers in the affordability of homes.
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