Financial Performance - Net income from continuing operations for Q1 2025 was $3.1 million, or $0.10 per diluted share, down from $21.7 million, or $0.70 per diluted share in Q1 2024[3] - Adjusted EBITDA for Q1 2025 was $23.0 million, a decrease of 39.4% compared to $38.0 million in Q1 2024[3] - Operating income for the quarter was $2.138 million, a significant decrease from $20.265 million in the same quarter of 2023[26] - Net income (GAAP) for Q4 2024 was $3,130,000, a decrease from $21,728,000 in Q4 2023[32] - Adjusted EBITDA (Non-GAAP) for the trailing 12 months ended December 31, 2024, was $228,444,000, down from $262,901,000 in the previous year[32] - EBIT (Non-GAAP) for Q4 2024 was $17,076,000, down from $34,099,000 in Q4 2023[32] - EBITDA (Non-GAAP) for Q4 2024 was $21,131,000, a decrease from $36,332,000 in Q4 2023[32] Revenue and Sales - Homebuilding revenue increased by 20.9% year-over-year to $460.4 million, driven by a 22.1% increase in home closings to 907 homes[6] - Total revenue for the three months ended December 31, 2024, was $468.953 million, an increase of 21.3% compared to $386.818 million in the same period of 2023[26] - Total closings increased to 907 units, a rise of 22.1% from 743 units in the same quarter of 2023[29] - New orders, net of cancellations, rose to 932 units, up 13.3% from 823 units year-over-year[29] - Homebuilding revenue for the West region was $291.863 million, up 24.5% from $234.409 million in the prior year[29] Backlog and Orders - Net new orders increased to 932, up 13.2% from 823 in the prior year quarter, with a cancellation rate of 16.5%, down from 19.0%[4] - The backlog dollar value as of December 31, 2024, was $816.0 million, down 12.5% from $932.8 million a year ago, with an average selling price (ASP) of $541.5 thousand, up 4.0%[5] - The aggregate dollar value of homes in backlog decreased to $816.0 million from $932.8 million, reflecting a decline of 12.5%[29] Assets and Liabilities - Total debt as of December 31, 2024, was $1.071 billion, an increase from $1.025 billion at the end of September 2024[28] - Cash and cash equivalents decreased significantly to $80.379 million from $203.907 million[28] - Total debt (GAAP) increased to $1,071,290,000 as of December 31, 2024, compared to $974,644,000 in 2023[34] - Net debt (Non-GAAP) rose to $990,911,000 in 2024, up from $870,418,000 in 2023[34] - Net debt to net capitalization ratio (Non-GAAP) was 44.5% as of December 31, 2024, compared to 43.7% in the previous year[34] Equity and Capitalization - Stockholders' equity (GAAP) increased to $1,234,048,000 in 2024 from $1,121,011,000 in 2023[34] - Total capitalization (GAAP) increased to $2,305,338,000 in 2024 from $2,095,655,000 in 2023[34] Community and Sustainability Initiatives - The active community count at the end of the quarter was 163, up 19.9% from 136 in the prior year[4] - The company aims to end fiscal year 2025 with approximately 180 active communities and control land for 200 active communities by the end of fiscal year 2026[2] - 98% of home starts in Q1 2025 were built to Zero Energy Ready standards, with a goal of 100% by December 2025[11] - The company aims for every home started by the end of 2025 to be Zero Energy Ready, as part of its sustainability initiatives[24] Land Acquisition and Development - Land acquisition and development spending was $211.3 million, an increase of 6.3% from $198.7 million in the prior year[9] - Controlled lots increased by 9.5% to 28,874 compared to 26,374 in the prior year[9] One-time Gains - The company recognized a one-time gain of $8.6 million from the sale of a minority interest in a technology company, which was excluded from Adjusted EBITDA[32]

Core Insights - Beazer Homes and Green Builder Media have partnered to showcase three show homes during IBS/KBIS 2025, emphasizing energy-efficient and market-rate home building [1][2] - The VISION House Las Vegas will highlight sustainable building practices, including net zero energy, electrification, and cost-effectiveness [2][3] Company Initiatives - Beazer Homes aims to have zero energy ready homes across its entire portfolio, demonstrating the feasibility of sustainable building at scale [2] - The VISION House Las Vegas will feature various models, including a baseline model, an upgrade model, and a deconstructed home to showcase behind-the-wall systems [3] Sustainability Features - The homes will comply with the ZERH program, requiring ENERGY STAR certification, Indoor airPLUS qualification, and renewable energy-ready designs [4] - Key features include energy-efficient roofing, insulation, appliances, solar arrays, smart thermostats, and low VOC materials [5] Industry Context - Green Builder Media is a leading company in North America focused on green building and sustainable living, providing a range of content and resources related to energy efficiency and smart home technologies [6]

Group 1 - The homebuilding industry is viewed positively due to a persistent shortage of housing despite rising home prices since the pandemic [1] - Crude Value Insights focuses on cash flow and companies in the oil and natural gas sector, highlighting their value and growth prospects [1] Group 2 - Subscribers have access to a stock model account with over 50 stocks and in-depth cash flow analyses of exploration and production firms [2] - The service includes live chat discussions about the oil and gas sector, enhancing community engagement [2] - A two-week free trial is offered to new subscribers, promoting the oil and gas investment service [3]

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]

Financial Data and Key Metrics Changes - The company generated $243 million in adjusted EBITDA and earnings per share of $4.53, representing double-digit returns on both capital employed and equity [7] - The average community count in fiscal '24 was 144, with expectations to increase by 18 to 22 communities in fiscal '25, leading to over 10% top-line growth [11][12] - Total liquidity exceeded $500 million at the end of the fiscal year, with no maturities until October 2027 [25] Business Line Data and Key Metrics Changes - The company invested more than $750 million in land and land development, up nearly 36% from the prior year, resulting in 162 active communities, a 20% increase year-over-year [7][8] - The sales pace improved significantly in October, with orders up over 30% on a community count, and the sales pace returning to more normal levels [10] Market Data and Key Metrics Changes - The sales environment was characterized by strained affordability and high mortgage rates, but the outlook for new home sales remains positive due to a structural deficit in housing supply and favorable demand demographics [9] - The company expects spec sales to represent more than 60% of closings, the highest level in a decade, which typically carries lower margins [11][12] Company Strategy and Development Direction - The company is committed to achieving 100% Zero Energy Ready homes, with 92% of starts meeting the DOE standard in the second half of FY '24 [14][15] - The strategy includes a focus on improving sales pace and adjusting pricing strategies in response to market conditions [9][42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about job and wage growth, indicating a potential soft landing for the economy, despite elevated mortgage rates [11] - The company anticipates significant revenue growth and profitability that generates a double-digit return on capital employed for fiscal '25 [12][24] Other Important Information - The company has a clear path to ending fiscal '26 with more than 200 communities and aims to maintain a net debt to net capitalization ratio below 30% by the end of fiscal '26 [13][25] - The company has increased its land position from fewer than 17,000 lots to nearly 28,000 lots over the last five years [26] Q&A Session Summary Question: Community count ramp and growth confidence - Management expressed confidence in the ramp due to increased land position and visibility on community openings [30] Question: Sales pacing improvement in October - Management noted improvements in sales pace in October, with a positive trend compared to September [31] Question: Absorption expectations for the year - Management acknowledged the previous year's low absorption rate but expressed confidence in returning to historical levels due to improved market conditions [34] Question: Margin guidance for Q1 - Management indicated that the adjusted gross margin for Q1 is expected to be around 19%, the lowest in over a decade, but anticipated to improve throughout the year [35] Question: Incentives and competitive environment - Management discussed the adjustments made in pricing and incentives in specific markets, leading to improved sales pace [42] Question: Zero Energy Ready homes and margin benefits - Management highlighted the higher margins associated with Zero Energy Ready homes and the potential for cost reductions in delivering these homes [38][40] Question: Share buybacks and capital allocation - Management stated that while share buybacks are considered, the primary focus remains on land spending and growth [61]

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 ...