BZH
Beazer Homes USA, Inc.22.04
-0.31-1.39%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Solar expansion, ops details emerge
Q&A reinforced the scripted path to EBITDA growth and buybacks but added color on solar homes expanding to 20% of business by year-end, fueled by utility shifts from data center demand in Western markets like Vegas and Phoenix. Repurchases aren't tied to $150M land sales timing. BTO homes carry 4-5% higher margins than specs; cycle times fell two weeks. Analysts probed closings growth and Q1 weakness—management sidestepped to emphasize back-half ramps and avoiding discounts. No walk-backs surfaced. Steady confidence; investors eye sales pace above 2.5%.
Key Stats
Market Cap
655.91MP/E (TTM)
14.50Basic EPS (TTM)
1.52Dividend Yield
0%Recent Filings
8-K
Revolver grows to $525M
Beazer Homes executed a third amendment to its revolving credit agreement on March 13, 2026, boosting commitments by $160 million to $525 million while stretching maturity from March 15, 2028, to March 13, 2030. Lenders unanimously backed the upsized facility, adding new players like Banco Santander and Third Coast Bank. Flexibility flows.
8-K
Charter amended to protect NOLs
Beazer Homes stockholders approved a charter amendment on February 5, 2026, extending protective provisions to safeguard NOLs and Energy-Efficiency Tax Credits by restricting transfers exceeding 4.95% ownership. The amendment, filed that day, activates February 6. Stockholders also elected nine directors and ratified executive pay, auditors, and a related Rights Agreement. Tax assets preserved.
8-K
Q1 loss on weak closings
Beazer Homes posted Q1 fiscal 2026 net loss of $32.6 million ($1.13/share) on homebuilding revenue down 21.9% to $359.7 million from 700 closings, versus profit last year. Gross margin cratered to 10.4% amid incentives and a $0.23/share litigation hit; net orders fell 18.1% to 763. Margins slipped hard. Yet repurchased $15.1 million in stock, eyes cost cuts for sequential gains.
10-Q
Q1 FY2026 results
Beazer Homes posted Q1 FY2026 revenue of $363.5M, down 22.5% y/y from $469.0M, with homebuilding revenue at $359.7M (21.9% y/y decline) amid 22.8% fewer closings to 700 units; gross margin slipped to 10.2% from 15.4%, hit by $2.4M impairments/abandonments and a 1.8% litigation charge. Operating loss swung to $31.8M from $2.1M income, driven by higher G&A at 14.6% of revenue versus 10.6%; diluted EPS fell to -$1.13 from $0.10, confirmed against 28.9M shares (anti-dilutive). Cash dipped to $120.8M with $221.9M revolver capacity after $95M draw, total debt at $1.13B; repurchased $15.1M shares (697k). West segment, 61% of revenue, bore the brunt. Elevated mortgage rates crimp demand.
8-K
Board adds materials expert
Beazer Homes announced Howard C. Heckes, ex-CEO of Masonite International, as new independent director effective December 8, 2025, replacing Danny Shepherd who retires at the 2026 annual meeting. This swap bolsters board expertise in building materials amid ongoing refreshment—three retirees, four adds in two years. Heckes' industry ties sharpen product strategy execution. No related transactions disclosed.
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