Company Overview - Beazer Homes (NYSE: BZH) has experienced fluctuating share prices throughout 2024, indicating volatility in the market [1] - The company is facing challenges due to high interest rates and home affordability issues, alongside a period of low housing supply [1] Market Conditions - The housing market is characterized by uncharacteristically high interest rates and home affordability, which are impacting Beazer Homes' operations [1] - The current low supply of housing is compounding the difficulties faced by the company [1]

Core Insights - Beazer Homes USA, Inc. reported better-than-expected fourth-quarter fiscal 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate [1][4] - The company's shares gained over 7% in after-hours trading following the earnings release [2] Financial Performance - Beazer Homes reported adjusted earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.36 by 24.3%, although this reflects a decline of 6.1% from the previous year [4] - Total revenues reached $806.2 million, marking a 24.9% year-over-year increase and surpassing the consensus mark of $774 million by 4.1% [4] Homebuilding Metrics - Homebuilding revenues were $783.8 million, up 22.1% year over year, with total home closings increasing by 21.3% to 1,496 homes [5] - The average selling price (ASP) for homes closed rose by 0.7% year over year to $523,900 [5] - Net new orders increased by 2.6% year over year to 1,029, while cancellation rates rose to 21.9% from 16.5% a year ago [5] Backlog and Margins - As of September 30, 2024, the total dollar value of homes in backlog was $797.2 million, down from $886.4 million a year ago, with an ASP of $537,900, reflecting a 3.8% year-over-year increase [6] - Homebuilding gross margin decreased by 390 basis points to 20.4% in the fiscal fourth quarter [6] Operational Efficiency - Selling, general and administrative expenses as a percentage of total revenues decreased by 140 basis points year over year to 9.7% [7] - Adjusted EBITDA was $93.1 million, up 3.5% from the previous year due to higher homebuilding revenues, partially offset by lower gross margin [7] Balance Sheet Overview - At the end of the fiscal fourth quarter, the company had $203.9 million in cash and cash equivalents, down from $345.6 million at the end of fiscal 2023 [8] - The total debt-to-capitalization ratio improved slightly to 45.4% from 47.0% last year, while net debt to net capitalization rose to 40.0% from 36.4% [9] Future Outlook - For fiscal 2025, Beazer Homes expects a 10% top-line growth, with adjusted gross margin forecasted between 19.5% and 20.5% [10] - The company aims for all homes to meet Zero Energy Ready standards by the end of fiscal 2025, anticipating EBITDA growth and a double-digit return on capital employed [11]

Company Performance - Cisco Systems reported fiscal Q1 earnings of $0.91 per share, beating expectations by $0.04, but showing an 18% decline year over year [3] - Revenues for Cisco were $13.75 billion, slightly missing expectations and down 6.2% year over year [3] - Beazer Homes reported fiscal Q4 earnings of $1.69 per share, exceeding the Zacks consensus by $0.33, with revenues of $784 million surpassing the expected $774.3 million [5] Market Reaction - Cisco shares remained flat in after-market trading, with a year-to-date increase of 17%, lagging behind the S&P 500's 26% rise [4] - Beazer Homes shares increased by 12% following the strong fiscal Q4 report, reversing its negative year-to-date share price trend [5] Economic Indicators - The U.S. Federal Budget deficit for the month was reported at -$257 billion, worse than the expected -$243 billion and significantly down from the previous month's -$67 billion [2]

Beazer Homes USA, Inc. (NYSE:BZH) Q4 2024 Earnings Call Transcript November 13, 2024 5:00 PM ET Company Participants Dave Goldberg - SVP and CFO Allan Merrill - Chairman and CEO Conference Call Participants Alex Hantman - Sidoti & Company Alan Ratner - Zelman & Associates Tyler Batory - Oppenheimer Jay McCanless - Wedbush Alex Rygiel - B. Riley Alex Barron - Housing Research Center Operator Good afternoon, and welcome to the Beazer Homes Earnings Conference Call for the Fourth Quarter and Fiscal Year Ended ...

For the quarter ended September 2024, Beazer Homes (BZH) reported revenue of $806.16 million, up 24.9% over the same period last year. EPS came in at $1.69, compared to $1.80 in the year-ago quarter.The reported revenue represents a surprise of +4.12% over the Zacks Consensus Estimate of $774.29 million. With the consensus EPS estimate being $1.36, the EPS surprise was +24.26%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Beazer Homes (BZH) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.26%. A quarter ago, it was expected that this homebuilder would post earnings of $0.84 per share when it actually produced earnings of $0.88, delivering a surprise of 4.76%.Over the last four quarters, the company h ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value BZH New York Stock Exchange FORM 10-K _____________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO ...

PRESS RELEASE Exhibit 99.1 Beazer Homes Reports Fourth Quarter and Full Fiscal 2024 Results ATLANTA, November 13, 2024 - Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced its financial results for the quarter and fiscal year ended September 30, 2024. "We generated strong fourth quarter and full year results, despite a challenging operating environment for much of the period," said Allan P. Merrill, the Company's Chairman and Chief Executive Officer. "We ended the year with 162 active commu ...

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 ...