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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) will release its financial results for the quarter ending March 31, 2023, on April 27, 2023, post market close. A conference call will be held the same day at 5:00 PM ET to discuss the results. Investors can access the call by telephone or through the company's Investor Relations webpage. Beazer is one of the largest homebuilders in the U.S., focusing on offering quality homes with customizable options and competitive mortgage solutions to enhance affordability. For more details, visit www.beazer.com.
Beazer Homes USA, Inc. (NYSE: BZH) announced its financial results for the three months ending December 31, 2022, achieving a net income of $24 million and earnings per share of $0.80 despite a challenging new home sales environment. The company faced a significant 57.8% drop in net new orders, totaling 482, due to high mortgage rates affecting affordability. Homebuilding revenue remained relatively stable at $444.1 million, with a slight decrease of 0.6%. However, adjusted EBITDA decreased by 22.9% to $47.1 million. The backlog value fell by 33%, demonstrating ongoing challenges in the housing market.
Beazer Homes (NYSE: BZH) will announce its financial results for the quarter ending
Beazer Homes USA, Inc. (NYSE: BZH) reported strong financial results for fiscal year 2022, with net income from continuing operations of $220.7 million or $7.17 per diluted share, up significantly from $122.2 million or $4.01 the previous year. Adjusted EBITDA rose 40.9% to $370.1 million. However, despite increased revenues of $2.3 billion, new home orders dropped 27% to 4,061, reflecting a challenging sales environment due to rising mortgage rates. The company's book value exceeded $30 per share, and it reduced debt to below $1 billion.
Beazer Homes (NYSE: BZH) will announce its financial results for the quarter ending September 30, 2022, on November 10, 2022, post-market close. Management will host a conference call on the same date at 5:00 PM ET to discuss these results. Investors can access the live call via the company's Investor Relations page or by phone. A replay will be available until November 18, 2022. Beazer Homes is recognized as one of the largest homebuilders in the U.S., focusing on quality homes and customer flexibility in financing options.
Beazer Homes USA, Inc. (BZH) reported strong financial results for Q3 2022, with net income of $54.3 million ($1.76 per diluted share), up from $37.1 million ($1.22 per diluted share) in Q3 2021. Homebuilding revenue reached $523.2 million, a 7.7% decrease due to a 24.3% drop in home closings, offset by a 21.9% increase in average selling price to $501.7 thousand. Backlog value increased by 17.2% to $1.588 billion, driven by a 22% rise in average selling price in backlog. The company anticipates full-year EPS of approximately $6.50, with plans to reduce debt below $1 billion by year-end.
Beazer Homes (NYSE: BZH) will release its financial results for the quarter ending June 30, 2022 on Thursday, July 28, 2022, after the market closes. A conference call to discuss these results will take place at 5:00 PM ET on the same day. The call will be accessible via the Company's website and by phone using the pass code “8571348.” A replay will be available until August 4, 2022. Beazer Homes is a leading homebuilder known for its personalized living options and Mortgage Choice program, helping customers save on home loans.
Beazer Homes USA, Inc. (NYSE: BZH) announced a new share repurchase program, allowing up to
Beazer Homes USA, Inc. (NYSE: BZH) reported strong Q2 2022 results with net income rising to $44.7 million, or $1.45 per diluted share, an increase from $24.6 million a year earlier. The company experienced a decrease in homebuilding revenue to $507.2 million, down 7.3%, driven by a 22.3% drop in home closings. Despite supply chain challenges and declining new orders by 30.4%, which fell to 1,291, Beazer forecasts FY 2022 earnings per share of at least $6.00. Their backlog value increased 14.2% to $1.58 billion, indicating ongoing demand.
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