Beazer Homes USA, Inc. (BZH) is scheduled to report fourth-quarter fiscal 2024 (ended Sept. 30, 2024) results on Nov. 13, after the closing bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, Beazer Homes’ earnings per share (EPS) beat the Zacks Consensus Estimate by 4.8% but revenues missed the same by 0.6%. On a year-over-year basis, EPS of 88 cents declined from the year-ago level of $1.42. Revenues of $595.7 million increased 4% year over year. Hom ...

Analysts on Wall Street project that Beazer Homes (BZH) will announce quarterly earnings of $1.36 per share in its forthcoming report, representing a decline of 24.4% year over year. Revenues are projected to reach $774.29 million, increasing 20% from the same quarter last year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this perio ...

Hispanolistic/E+ via Getty Images Beazer Homes USA, Inc. (NYSE:BZH) reported the company's fiscal Q3 results on the 1st of August in post-market hours, sending the stock down -13% the following day. While the Q3 financials came in as expected, the fiscal Q4 expectations were pushed down considerably from previously incredibly ambitious levels. In my previous article on the stock, "Beazer Homes Has Significant Mid-Term Targets As Revenues Gradually Improve," I remained with a Buy rating for Beazer Homes, cal ...

Beazer Homes USA ((BZH) reported their June quarter results on August 1, delivering revenue of $595.68 million, up 4% over the same period last year and EPS (earnings per share) of just $0.88, compared to $1.24 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $599.12 million, representing a surprise of -0.57%, while EPS landed a positive surprise of +4.76% vs. the consensus estimate $0.84. But analysts have since taken down their profit projections sharply. For the c ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Fox Factory Holdings (FOXF) is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, on-road vehicles, off-road vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles. The Zacks Consensus Estimate for its current year earnings has been revised almost 28.3% downward over the last 60 days. Crescent Energy Company (CRGY) is an indep ...

For the quarter ended June 2024, Beazer Homes (BZH) reported revenue of $595.68 million, up 4% over the same period last year. EPS came in at $0.88, compared to $1.24 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $599.12 million, representing a surprise of -0.57%. The company delivered an EPS surprise of +4.76%, with the consensus EPS estimate being $0.84. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

Beazer Homes USA Inc (NYSE:BZH) Q3 2024 Results Conference Call August 1, 2024 5:00 PM ET Company Participants Dave Goldberg - Senior VP & CFO Allan Merrill - Chairman, President & CEO Conference Call Participants Alan Ratner - Zelman & Associates Julio Romero - Sidoti & Company Alex Barrón - Housing Research Center Jay McCanless - Wedbush Operator Good afternoon, and welcome to the Beazer Homes Earnings Conference Call for the Third Quarter ended June 30, 2024. Today's call is being recorded, and a replay ...

Beazer Homes (BZH) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.76%. A quarter ago, it was expected that this homebuilder would post earnings of $0.91 per share when it actually produced earnings of $1.26, delivering a surprise of 38.46%. Over the last four quarters, the company ...

Community Growth and Land Position - The company's average active community count increased by 17.2% to 146 in Q3 2024, compared to 124 in the prior year quarter, as part of its goal to reach over 200 active communities by fiscal 2026[97] - The company's land position grew by 24.9% to 28,365 controlled lots as of June 30, 2024, with 55.5% of active lots under option agreements[99] - The company controlled 28,365 lots as of June 30, 2024, with 55.5% (15,434 lots) controlled through option agreements, up from 52.2% (11,510 lots) as of June 30, 2023[172] - The total remaining purchase price, net of cash deposits, committed under all options was $1.20 billion as of June 30, 2024[173] Sales and Orders Performance - Sales per community per month decreased to 2.4 in Q3 2024 from 3.2 in the prior year quarter, with net new orders down 10.8% to 1,070[98] - Net new orders for the quarter ended June 30, 2024, decreased to 1,070, down 10.8% from 1,200 in the same period in 2023[115] - The West segment saw a 1.4% increase in net new orders to 715 for the quarter ended June 30, 2024, compared to 705 in 2023[117] - The Southeast segment experienced a 57.0% decrease in net new orders to 105 for the quarter ended June 30, 2024, down from 244 in 2023[118] Revenue and Profitability - Revenue for Q3 2024 was $595.7 million, up 4.0% from $572.5 million in the prior year quarter, while gross profit decreased to $103.3 million from $116.7 million[106] - Operating income for Q3 2024 was $28.5 million, down 40.5% from $47.9 million in the prior year quarter, with operating income as a percentage of total revenue at 4.8%[106] - Net income (GAAP) for the three months ended June 30, 2024, was $27.2 million, down from $43.8 million in the same period in 2023, a decrease of $16.6 million[110] - Adjusted EBITDA (Non-GAAP) for the three months ended June 30, 2024, was $53.5 million, compared to $72.8 million in 2023, a decrease of $19.3 million[110] - Total homebuilding revenue decreased by 3.0% to $1.51 billion for the nine months ended June 30, 2024, with a 2.0% decrease in closings to 2,954 units and a 1.1% decrease in ASP to $510.9 thousand[123] - Total homebuilding gross profit excluding impairments and abandonments and interest amortized to cost of sales (Non-GAAP) was $119.5 million with a gross margin of 20.3% for the three months ended June 30, 2024[132] - Total homebuilding gross profit excluding impairments and abandonments and interest amortized to cost of sales (Non-GAAP) was $323.4 million with a gross margin of 21.4% for the nine months ended June 30, 2024[134] - Homebuilding gross profit decreased by $13.5 million to $102.0 million for Q2 2024, with gross margin dropping 290 basis points to 17.3%[136] - Total homebuilding gross profit decreased by $23.5 million to $278.7 million for the nine months ended June 30, 2024, with gross margin dropping 90 basis points to 18.5%[140] - Operating income decreased by $19.4 million to $28.5 million for the three months ended June 30, 2024, compared to $47.9 million in the same period in 2023[149] - Operating income decreased by $30.4 million to $84.8 million for the nine months ended June 30, 2024, compared to $115.2 million in the same period in 2023[150] Segment Performance - West Segment homebuilding revenue increased by 1.6% to $945.2 million for the nine months ended June 30, 2024, driven by a 4.2% increase in closings to 1,849 units, partially offset by a 2.4% decrease in ASP to $511.2 thousand[123][126] - East Segment homebuilding revenue decreased by 10.1% to $304.6 million for the nine months ended June 30, 2024, due to an 8.2% decrease in closings to 591 units and a 2.0% decrease in ASP to $515.4 thousand[123][126] - Southeast Segment homebuilding revenue decreased by 9.8% to $259.4 million for the nine months ended June 30, 2024, primarily due to a 13.5% decrease in closings to 514 units, partially offset by a 4.2% increase in ASP to $504.7 thousand[123][127] - West Segment homebuilding revenue increased by 11.9% to $365.9 million for the three months ended June 30, 2024, driven by a 14.8% increase in closings to 728 units, partially offset by a 2.5% decrease in ASP to $502.6 thousand[124][128] - East Segment homebuilding revenue decreased by 8.7% to $121.2 million for the three months ended June 30, 2024, due to a 5.1% decrease in closings to 240 units and a 3.8% decrease in ASP to $505.2 thousand[124][128] - Southeast Segment homebuilding revenue decreased by 7.5% to $102.5 million for the three months ended June 30, 2024, primarily due to a 13.5% decrease in closings to 199 units, partially offset by a 6.9% increase in ASP to $515.1 thousand[125][128] - West segment homebuilding gross margin decreased to 20.6% in Q2 2024, down from 24.9% in the prior year quarter[137] - East segment homebuilding gross margin decreased to 16.3% in Q2 2024, down from 19.6% in the prior year quarter[137] - Southeast segment homebuilding gross margin decreased to 21.4% in Q2 2024, down from 23.5% in the prior year quarter[138] - West segment homebuilding gross margin decreased to 21.2% for the nine months ended June 30, 2024, down from 22.8% in the prior year period[141] - East segment homebuilding gross margin decreased to 17.8% for the nine months ended June 30, 2024, down from 20.3% in the prior year period[141] - Southeast segment homebuilding gross margin decreased to 22.1% for the nine months ended June 30, 2024, down from 22.4% in the prior year period[142] - West segment operating income decreased by $10.0 million for the three months ended June 30, 2024, compared to the same period in 2023[151] - East segment operating income decreased by $7.3 million for the three months ended June 30, 2024, compared to the same period in 2023[151] - Southeast segment operating income decreased by $4.2 million for the three months ended June 30, 2024, compared to the same period in 2023[151] Backlog and Pricing - Total backlog units as of June 30, 2024, were 1,949, a slight increase of 0.4% compared to 1,941 in 2023[121] - The aggregate dollar value of homes in backlog as of June 30, 2024, was $1.0465 billion, up 3.6% from $1.0098 billion in 2023[121] - The average selling price (ASP) in backlog increased by 3.2% to $536.9 thousand as of June 30, 2024, compared to $520.3 thousand in 2023[121] - Average Selling Price (ASP) for homes closed in Q3 2024 was $505.3 thousand, down 1.1% from $510.8 thousand in the prior year quarter[100] SG&A and Operating Expenses - SG&A as a percentage of total revenue increased to 11.9% in Q3 2024 from 11.5% in the prior year quarter, driven by higher commissions and sales and marketing costs[103] - SG&A as a percentage of total revenue increased by 40 basis points to 11.9% for the three months ended June 30, 2024, compared to 11.5% in the same period in 2023[149] - SG&A as a percentage of total revenue increased by 80 basis points to 12.4% for the nine months ended June 30, 2024, compared to 11.6% in the same period in 2023[150] - Corporate and unallocated net expenses decreased by $2.1 million for the three months ended June 30, 2024, compared to the same period in 2023[152] Energy Efficiency and Tax Strategy - The company is transitioning to Zero Energy Ready homes, with 93% of starts meeting this standard in Q3 2024, ahead of its 100% target by the end of 2025[95] - The Inflation Reduction Act increased energy efficiency tax credits to $5,000 per single family home meeting Zero Energy Ready qualifications, benefiting the company's tax strategy[107] Debt and Liquidity - Total debt to total capitalization ratio (GAAP) was 47.6% as of June 30, 2024, compared to 48.4% in 2023[113] - Net debt to net capitalization ratio (Non-GAAP) was 45.8% as of June 30, 2024, compared to 40.3% in 2023[113] - The company's liquidity position as of June 30, 2024, consisted of $73.2 million in cash and cash equivalents and $255.0 million of remaining capacity under the Unsecured Facility[163] - The company had variable rate debt outstanding totaling approximately $75.9 million as of June 30, 2024, with a one percent increase in interest rates resulting in an additional $1.0 million in interest expense over the next twelve months[182] - The estimated fair value of the company's fixed-rate debt as of June 30, 2024 was $957.9 million, compared to a carrying amount of $948.5 million[182] - A hypothetical one-percentage point decrease in the estimated discount rates would increase the estimated fair value of the fixed rate debt instruments from $957.9 million to $997.8 million as of June 30, 2024[182] Share Repurchase and Capital Allocation - The company repurchased 455 thousand shares of its common stock for $12.9 million at an average price per share of $28.41 during the three and nine months ended June 30, 2024[170] - As of June 30, 2024, the remaining availability of the share repurchase program was $28.9 million[170] Land Sales and Other Revenue - Land sales and other revenue increased by $4.0 million to $6.0 million for Q2 2024, with gross profit remaining flat at $1.3 million[147] - Land sales and other revenue increased by $10.1 million to $14.8 million for the nine months ended June 30, 2024, with gross profit increasing by $1.0 million to $4.2 million[147] Cash Flow and Operating Activities - Net cash used in operating activities was $323.0 million for the nine months ended June 30, 2024, compared to $95.8 million provided by operating activities in the same period in 2023[158] Letters of Credit and Surety Bonds - The company had outstanding letters of credit and surety bonds of $34.9 million and $265.9 million, respectively, as of June 30, 2024[175]

Exhibit 99.1 PRESS RELEASE Beazer Homes Reports Third Quarter Fiscal 2024 Results ATLANTA, August 1, 2024 - Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced its financial results for the three and nine months ended June 30, 2024. "Despite an affordability challenged new home sales environment and shifting consumer sentiment, we generated healthy results and continued to make progress towards our multi-year goals," said Allan P. Merrill, the Company's Chairman and Chief Executive Officer. ...