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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 USA (BZH) reported strong Q1 results for the fiscal year ending December 31, 2021, with net income rising to $34.9 million ($1.14 per share), compared to $12 million ($0.40 per share) last year. The company achieved a 40.1% increase in adjusted EBITDA, reaching $61.1 million. Homebuilding revenue rose 5.3% to $446.7 million, driven by a 15.1% increase in average selling price to $438.4 thousand. The dollar value of backlog increased 20.9% to $1.405 billion, reflecting strong demand despite challenges in labor and material availability.
Beazer Homes (NYSE: BZH) will release its financial results for the quarter ending December 31, 2021 on January 27, 2022, after market close. A conference call is scheduled for 5:00 PM ET on the same day to discuss the results. The public can access the call via the company's website or by phone.
Beazer Homes is recognized as one of the largest homebuilders in the U.S., offering home personalization options and mortgage choice programs to enhance customer savings.
Beazer Homes USA (NYSE: BZH) reported strong fiscal 2021 results, with net income more than doubling to $122.2 million ($4.01 per share) and adjusted EBITDA rising by 28.5% to $262.7 million. Homebuilding revenue reached $2.1 billion, up 0.5%, despite a 3.7% decline in home closings. The company anticipates earnings per share exceeding $5.00 in fiscal 2022, bolstered by a strong backlog valued at $1.28 billion and an active lot position of 21,987. However, net new orders fell by 11.6%, reflecting challenges in the housing market due to supply chain issues and affordability concerns.
Beazer Homes (NYSE: BZH) will announce its financial results for the quarter ending September 30, 2021 on November 10, 2021, after market close. A conference call will follow at 5:00 PM ET to discuss the results. Investors can access the call via phone or through the Investor Relations section on Beazer's website. The replay will be available until 10:00 PM ET on November 17, 2021.
Beazer Homes USA (BZH) reported strong financial results for Q3 and the nine months ended June 30, 2021. Net income surged to $37.1 million ($1.22 per share), more than doubling from $15.3 million ($0.51 per share) last year. Adjusted EBITDA increased by 45.9% to $78.8 million. Homebuilding revenue rose 6.5% to $566.9 million, reflecting a 5.5% increase in average selling price. Despite a 12.6% decline in net new orders to 1,199 homes, backlog value soared 53.1% to $1.35 billion. The company anticipates FY2021 EPS exceeding $3.25 and projects double-digit growth in FY2022.
Beazer Homes (NYSE: BZH) announced that it will release its financial results for the quarter ended June 30, 2021, on July 29, 2021, after market close. A conference call is scheduled for the same day at 5:00 PM ET, where management will discuss the results. Interested parties can access the call and accompanying slide presentation via the company's investor relations page. Beazer Homes emphasizes its commitment to providing high-quality homes with choices that save customers money on loans through their Mortgage Choice program.
Beazer Homes USA, Inc. (NYSE: BZH) reported strong financial results for the second quarter of 2021, showcasing a net income of $24.6 million, doubling from $10.6 million in Q2 2020. Homebuilding revenue reached $547.4 million, a 12.2% increase, with gross margin improving to 17.8%. Adjusted EBITDA rose 46.2% to $64.2 million. The company anticipates earnings per share for fiscal 2021 to exceed $3.00, supported by a 54.9% increase in backlog value. With continued operational strength and a focus on ESG initiatives, Beazer aims to enhance profitability and shareholder returns.
Beazer Homes (NYSE: BZH) plans to release its financial results for Q1 2021 on April 29, 2021, after market close. A conference call will be held at 5:00 PM ET on the same day, where management will discuss the results. Investors can access the call via telephone or the Company’s Investor Relations website. Beazer Homes, a leading homebuilder based in Atlanta, offers personalized home designs through its Choice Plans and a Mortgage Choice program to help customers compare loan options, enhancing affordability.
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Beazer Homes (NYSE: BZH) will present at the J.P. Morgan Global High Yield & Leveraged Finance Virtual Conference on March 1 at 10:45 am ET. Headquartered in Atlanta, Beazer is among the largest homebuilders in the U.S. The company offers homes designed for quality and comfort, featuring its Choice Plans™ for personalization at no extra cost. Beazer also provides a Mortgage Choice program, allowing customers to compare loan options for better savings. Homes are built in various states, including Arizona, California, Florida, and Texas.