BZH
Beazer Homes USA, Inc.22.04
-0.31-1.39%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
655.91MP/E (TTM)
14.50Basic EPS (TTM)
1.52Dividend Yield
0%Recent Filings
8-K
8-K
Q3 loss amid impairments
Beazer Homes reported a Q3 fiscal 2025 net loss of $0.3 million, or $0.01 per diluted share, dragged by $10.3 million in inventory impairments amid a sluggish sales pace. Homebuilding revenue fell 9.2% to $535.4 million on 1,035 closings, down 11.3%, though average selling price rose 2.4% to $517.3 thousand; adjusted EBITDA dropped 40.0% to $32.1 million. Community count climbed 14.4% to 167, bolstering backlog resilience. Inventory charges hit hard.
10-Q
Q3 FY2025 results
Beazer Homes posted a quarterly loss in Q3 FY2025 ended June 30, 2025, with revenue down 8.4% y/y to $545.4M from $595.7M, driven by 11.3% fewer closings at 1,035 units, though ASP rose 2.4% y/y to $517.3K; YTD revenue climbed 3.7% y/y to $1.58B on 2.3% more closings. Gross margin slipped to 13.3% from 17.3% y/y, pressured by $10.3M impairments in Phoenix and Orlando markets, while operating loss hit $3.7M versus $28.5M income y/y, with diluted EPS at -$0.01 (anti-dilutive, no adjustment). Cash dipped to $82.9M with $209.4M revolver availability, total debt up to $1.14B including $115M drawn facility; free cash flow not disclosed in the 10-Q. Share repurchases totaled $33.1M YTD under the $100M program. Elevated mortgage rates cloud demand.
10-Q
Q2 FY2025 results
Beazer Homes posted Q2 FY2025 revenue of $565.3M, up 4.4% y/y but down 6.5% q/q (derived), with homebuilding closings rising 3.4% y/y to 1,079 units amid a 15.9% jump in average active communities to 163. Gross margin slipped to 15.2% from 18.8% y/y, pressured by higher price concessions and a bigger spec home mix, yielding operating income of $13.4M, down 62.8% y/y, and diluted EPS of $0.42 versus $1.26. YTD figures show $1.03B revenue, up 11.4% y/y, but operating income fell 72.4% to $15.5M and EPS to $0.52 from $1.96, reconciling to 30.5M diluted shares with no anti-dilution flagged. Cash dipped to $85.1M with $292.6M revolver availability, total debt at $1.08B including $55M drawn; free cash flow not disclosed in the 10-Q. The West segment, over 66% of revenue, drove growth yet saw margins compress. Elevated interest rates continue to challenge affordability.
8-K
Q2 earnings dip, buyback ramps
Beazer Homes reported Q2 fiscal 2025 results on May 1, with homebuilding revenue up 3.2% to $556.0 million from higher closings, yet net income fell to $12.8 million and Adjusted EBITDA dropped 34.0% to $38.8 million amid softer demand and rising cancellations. The company repurchased $20.6 million in shares and launched a $100 million buyback program, shifting capital priorities to boost book value per share while deferring community growth and deleveraging targets to 2027. Weaker orders signal affordability pressures, but energy-efficient builds hit 99% Zero Energy Ready compliance.
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