Welcome to our dedicated page for Beazer Homes USA New news (Ticker: BZH), a resource for investors and traders seeking the latest updates and insights on Beazer Homes USA New stock.
Beazer Homes USA, Inc. (symbol: BZH), headquartered in Atlanta, is a prominent player in the U.S. residential construction market. With over 50 years of experience, Beazer Homes is one of the nation’s largest home builders, offering new homes for sale across the United States. The company specializes in the construction of single-family homes and multi-unit buildings, operating in over 13 states and more than 22 metropolitan areas, including key markets such as Atlanta, Las Vegas, Los Angeles, Orlando, and Tampa.
Beazer Homes focuses on providing high-quality homes that meet and exceed Energy Star® requirements, appealing to a wide range of homebuyers with varying budgets. The company offers flexible mortgage plans and unique floorplans to ensure customization and satisfaction among first-time, move-up, and luxury homebuyers. The average selling price of a Beazer home is approximately $300,000.
Recent achievements include building over 130,000 homes in the last 12 years alone. Beazer Homes is committed to sustainability and energy efficiency, which not only saves energy but also reduces costs for homeowners. The company’s long-term business strategy is centered on maximizing return on invested capital while continuously enhancing the quality of its homes.
In addition to construction, Beazer Homes is involved in land purchasing and development to support future building projects. The company also provides mortgage services, making the home-buying process smoother for its customers. Since 1994, Beazer Homes has been listed on the New York Stock Exchange under the ticker symbol “BZH”.
Beazer Homes (NYSE: BZH) reported its Q4 and FY2024 results, with Q4 net income of $52.1 million ($1.69 per share) and full-year net income of $140.2 million ($4.53 per share). Q4 homebuilding revenue increased 22.1% to $783.8 million, driven by a 21.3% rise in home closings. The company ended FY2024 with 162 active communities, up 20.9% year-over-year. Despite higher mortgage rates, October sales grew over 30% versus prior year. Full-year highlights include $2.29 billion in homebuilding revenue (up 4.3%) and Adjusted EBITDA of $243.4 million (down 10.5%).
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.
FAQ
What is the current stock price of Beazer Homes USA New (BZH)?
What is the market cap of Beazer Homes USA New (BZH)?
What is Beazer Homes USA, Inc.?
Where is Beazer Homes USA, Inc. headquartered?
In which states does Beazer Homes operate?
What types of homes does Beazer Homes build?
What is the average selling price of a Beazer home?
Does Beazer Homes focus on energy efficiency?
How can homebuyers customize their Beazer homes?
What is Beazer Homes’ business strategy?
What additional services does Beazer Homes offer?
What is the ticker symbol for Beazer Homes on the NYSE?
