gorodenkoff Summary Beazer Homes USA (NYSE:BZH) reported weak results for Q1 2024, including lower revenues, lower earnings per share, negative free cash flow, and lower EBITDA. Q1 is typically a weak period for Beazer Homes and they guided these results at their last conference call. Here is a quick recap of Q1 results: Net income from continuing operations of $21.7 million, or $0.70 per diluted share, compared to net income from continuing operations of $24.4 million, or $0.80 per diluted share, in t ...

Shares of Beazer Homes (BZH -7.88%) fell 7.9% on Friday after the home construction company announced weaker-than-expected quarterly results.Why Beazer's "strong" quarter just wasn't enoughFor Beazer's fiscal first quarter ended Dec. 31, 2023, revenue declined 13.1% year over year to $386.8 million, translating to net income of just under $31 million, or $0.70 per share. Analysts, on average, were looking for earnings of $0.71 per share on revenue of $420.7 million. Beazer Chairman and CEO Allan Merrill cal ...

Beazer Homes USA, Inc. (BZH) reported dismal first-quarter fiscal 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. The metrics also fell from the year-ago quarter’s figures due to a decline in home closings and average selling price (ASP).This leading homebuilder’s shares dropped 4.6% in the after-hours trading session on Feb 1, after the earnings release.Nonetheless, BZH reported a significant increase in net new orders compared with the previous year’s levels, driven by a hig ...

Beazer Homes USA, Inc. (NYSE:BZH) Q1 2024 Earnings Conference Call February 1, 2024 5:00 PM ET Company Participants David Goldberg - SVP and CFO Allan Merrill - Chairman and CEO Conference Call Participants Jesse Lederman - Zelman & Associates Julio Romero - Sidoti Alex Rygiel - B. Riley Jay McCanless - Wedbush Operator Good afternoon and welcome to the Beazer Homes Earnings Conference Call for the First Quarter Ended December 31, 2023. Today's call is being recorded and a replay will be available on the co ...

For the quarter ended December 2023, Beazer Homes (BZH) reported revenue of $386.82 million, down 13.1% over the same period last year. EPS came in at $0.70, compared to $0.80 in the year-ago quarter. The reported revenue represents a surprise of -9.21% over the Zacks Consensus Estimate of $426.07 million. With the consensus EPS estimate being $0.71, the EPS surprise was -1.41%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...

Beazer Homes (BZH) came out with quarterly earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.41%. A quarter ago, it was expected that this homebuilder would post earnings of $1.39 per share when it actually produced earnings of $1.80, delivering a surprise of 29.50%.Over the last four quarters, the company ...

Beazer Homes USA Inc. said late Thursday that a cybersecurity “incident” delayed closings of some of its new homes at the end of last year. Beazer Homes’ stock BZH, +1.92% dropped more than 4% in the extended session Thursday after the builder reported fiscal first-quarter revenue of $387 million, which compares with revenue of $445 million in the year-ago quarter. Analysts polled by FactSet expected revenue of $421 million for the period. The drop in total revenue included a 14% year-over-year decline in h ...

Table of Contents No project in progress impairments were recognized during the three months ended December 31, 2023 and 2022. Land Held for Sale Impairments Abandonments Lot Option Agreements The following table provides a summary of our interests in lot option agreements as of December 31, 2023 and September 30, 2023: As of December 31, 2023 As of September 30, 2023 Table of Contents (6) Borrowings The Senior Unsecured Revolving Credit Facility (Unsecured Facility) provides working capital and letter of c ...

Beazer Homes (BZH) closed the most recent trading day at $31.82, moving +0.03% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.07%. Meanwhile, the Dow experienced a rise of 0.16%, and the technology-dominated Nasdaq saw a decrease of 0.36%.Prior to today's trading, shares of the homebuilder had lost 6.8% over the past month. This has lagged the Construction sector's loss of 1.36% and the S&P 500's gain of 3.05% in that time.The investment community will be c ...

ATLANTA--(BUSINESS WIRE)--Beazer Homes (NYSE: BZH) (www.beazer.com) has scheduled the release of its financial results for the quarter ended December 31, 2023 on Thursday, February 1, 2024 after the close of the market. Management will host a conference call on the same day at 5:00 PM ET to discuss the results. The public may listen to the conference call and view the Company's slide presentation on the "Investor Relations" page of the Company's website, www.beazer.com. In addition, the conference call wil ...