earnings
confidence high
sentiment positive
materiality 0.80
Beazer Homes Q3 net income doubles to $1.22 EPS; raises FY2021 guidance above $3.25
BEAZER HOMES USA INC
2021-Q3 EPS reported
$2.43
revenue$1,549,360,000
- Net income from continuing ops $37.1M ($1.22 diluted EPS), more than double prior year $15.3M ($0.51).
- Adjusted EBITDA $78.8M (+45.9%); homebuilding gross margin (ex-I&A & int.) 24.2%, up 300 bps.
- Orders per community per month up 18.6% to 3.2; community count down 26.3%; backlog value up 53.1% to $1.35B.
- FY2021 EPS guidance raised to above $3.25 on strong Q3 and confident Q4 outlook.
- Repurchased $14M of 5.875% Senior Notes; liquidity $608.3M ($358.3M cash + undrawn $250M revolver).