Beazer Homes USA(BZH) - 2023 Q1 - Earnings Call Presentation
Q1 2023 Performance - New home orders decreased by 57.8% to 482[11] - Sales pace decreased by 60.1% to 1.3[11] - Homebuilding revenue decreased slightly by 0.6% to $444.1 million[11] - Closings decreased by 18.3% to 833[11] - Average selling price increased by 21.6% to $533.1 thousand[11] - Adjusted EBITDA decreased by 22.9% to $47.1 million[11] - Net income from continuing operations decreased by 30.1% to $24.4 million[11] - Diluted EPS from continuing operations decreased by 29.8% to $0.80[11] Financial Position - Total liquidity is approximately $386 million[39] - Net Debt / Net Cap is 47.3%[39] - Net Debt / Adjusted EBITDA is 2.4x[39] Land and Lots - Total controlled lots are 24,735[35] - Active controlled lots are 23,962[35]