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. reports developments as a residential homebuilder focused on energy-efficient new-home construction in 13 U.S. states. Company news commonly covers fiscal results, home closings, average selling prices, selling incentives, land acquisition and development spending, controlled lot positions, and community-count goals across its West, East, and Southeast markets.
Updates also address balance-sheet actions, including revolving credit capacity, deleveraging plans, share repurchases, and capital allocation. Other recurring items include board changes, customer financing through Mortgage Choice, design personalization, charitable activity, and housing-demand conditions tied to mortgage rates, construction costs, and consumer sentiment.
Beazer Homes (NYSE: BZH) has announced it will release its financial results for the fourth quarter and full year fiscal 2024, ended September 30, 2024, on Wednesday, November 13, 2024, after market close. The company will host a conference call at 5:00 PM ET the same day to discuss the results. Investors can access the call via telephone or view the presentation on Beazer's website. A replay will be available until November 22, 2024.
Today, Beazer Homes USA (NYSE: BZH) celebrates its 30th anniversary on the New York Stock Exchange by ringing The Opening Bell®. The company, known for its leadership in energy-efficient homebuilding, operates in 17 U.S. markets. Recently, Beazer was recognized by the DOE and EPA for its commitment to the Indoor AirPlus and Zero Energy Ready Home™ programs. Beazer received the 2024 Housing Innovation Award for its Hampton Hills community in Maryland and for certifying the most Zero Energy Ready Homes in the U.S. Additionally, Beazer earned the 2024 Indoor AirPlus Leader Award for promoting healthier indoor environments. CEO Allan Merrill praised the team’s efforts in achieving these milestones. Beazer Homes continues to build high-performance, energy-efficient homes across 13 states.
Beazer Homes USA (NYSE: BZH) is set to present at the 32nd Annual Deutsche Bank Leveraged Finance Conference in Scottsdale, AZ on September 25, 2024 at 8:40 am MST (11:40 am EDT). A live audio webcast and replay will be available on the company's website.
Beazer Homes is a major US homebuilder known for its Surprising Performance homes, which offer enhanced quality and comfort while saving homeowners money monthly. The company's unique features include:
- Choice Plans™ for personalizing primary living areas at no extra cost
- Mortgage Choice program allowing customers to compare loan options
Beazer operates in 13 states across the US, providing innovative home designs and financial flexibility to homebuyers.
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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