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01.05.25 - 22:24
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Beazer Homes Reports Second Quarter Fiscal 2025 Results (Business Wire)
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ATLANTA--(BUSINESS WIRE)--#GetMoreWithBeazer--Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced its financial results for the three and six months ended March 31, 2025.
"In our second quarter we made progress towards our Multi-Year Goals and surpassed our profitability expectations despite challenging macroeconomic conditions and declining consumer sentiment. Our growing community count, improved construction cycle times and stable gross margins allowed us to generate Adjusted EBITDA of $38.8 million, net income of $12.8 million and earnings per diluted share of $0.42," said Allan P. Merrill, the Company's Chairman and Chief Executive Officer. "We also repurchased approximately 905,000 shares of our common stock for $20.6 million."
Announcing changes to the Company's capital allocation strategy, Mr. Merrill said, "As a result of persistently weaker new home demand and the disparity between our current share price and book value, we are adjusting our capital all...
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14.04.25 - 22:36
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Beazer Homes USA, Inc. to Webcast Its Fiscal Second Quarter Results Conference Call on Thursday, May 1, 2025 (Business Wire)
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ATLANTA--(BUSINESS WIRE)--#GetMoreWithBeazer--Beazer Homes (NYSE: BZH) (www.beazer.com) has scheduled the release of its financial results for the quarter ended March 31, 2025 on Thursday, May 1, 2025 after the close of the market. Management will host a conference call on the same day at 5:00 PM ET to discuss the results.
The public may listen to the conference call and view the Company's slide presentation on the "Investor Relations" page of the Company's website, www.beazer.com. In addition, the conference call will be available by telephone at 800-475-0542 (for international callers, dial 630-395-0227). To be admitted to the call, enter the pass code “8571348.” A replay of the conference call will be available, until 11:59 PM ET on May 15, 2025, at 800-685-6061 (for international callers, dial 203-369-3604) with pass code “3740.”
About Beazer Homes
Headquartered in Atlanta, Beazer Homes (NYSE: BZH) is one of the country's largest homebuilders. Every Beazer home is designed and bui...
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06.02.25 - 15:06
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Beazer Homes Accelerates Pace of Share Repurchases (Business Wire)
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Updates Net Debt to Net Capitalization Ratio ExpectationsATLANTA--(BUSINESS WIRE)--#GetMoreWithBeazer--Beazer Homes USA, Inc. (NYSE: BZH) today announced that it is accelerating the pace of its share repurchases in light of recent share price dislocation. The Company will continue to repurchase shares pursuant to the Company's previously authorized share repurchase program, under which approximately $24.8 million remains available.
Since January 30th, after reporting earnings for the first quarter of 2025, the Company has repurchased approximately $4.1 million of its shares at a weighted average price of $21.86. The Company plans to increase the pace of its repurchases in light of current market conditions.
"We believe accelerating the pace of our share repurchases makes a lot of sense. The ability to buy back our shares at a significant discount to book value represents a compelling investment opportunity and we plan to act on it,” said Allan P. Merrill, Chairman and Chief Executive Officer.
Cons...
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30.01.25 - 22:18
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Beazer Homes Reports First Quarter Fiscal 2025 Results (Business Wire)
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ATLANTA--(BUSINESS WIRE)--#GetMoreWithBeazer--Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced its financial results for the three months ended December 31, 2024.
“Despite a challenging new home sales environment, we had a productive first quarter and made progress toward our full year and Multi-Year Goals,” said Allan P. Merrill, the Company's Chairman and Chief Executive Officer. “Net new orders and closings increased year-over-year, supported by a 20% higher community count. We also grew our total lot position by about 10% versus the prior year, primarily through options, positioning us for further community count growth in the years ahead.”
Looking to the full fiscal year, Mr. Merrill said, “Despite the affordability challenges of the near-term environment, we remain confident in our ability to generate a double-digit return on capital employed this year – even as we position the Company for substantial growth in the years ahead.”
Speaking to the Company's three Mult...
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14.01.25 - 22:21
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Beazer Homes USA, Inc. to Webcast Its Fiscal First Quarter Results Conference Call on Thursday, January 30, 2025 (Business Wire)
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ATLANTA--(BUSINESS WIRE)--#GetMoreWithBeazer--Beazer Homes (NYSE: BZH) (www.beazer.com) has scheduled the release of its financial results for the quarter ended December 31, 2024 on Thursday, January 30, 2025 after the close of the market. Management will host a conference call on the same day at 5:00 PM ET to discuss the results.
The public may listen to the conference call and view the Company's slide presentation on the "Investor Relations" page of the Company's website, www.beazer.com. In addition, the conference call will be available by telephone at 800-475-0542 (for international callers, dial 630-395-0227). To be admitted to the call, enter the pass code “8571348.” A replay of the conference call will be available, until 11:59 PM ET on February 13, 2025, at 866-363-1806 (for international callers, dial 203-369-0194) with pass code “3740.”
About Beazer Homes
Headquartered in Atlanta, Beazer Homes (NYSE: BZH) is one of the country's largest homebuilders. Every Beazer home is des...
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