earnings
confidence high
sentiment positive
materiality 0.75
Beazer Homes FY2021 net income doubles to $122M; Q4 orders drop 46.8%; guides FY2022 EPS above $5
BEAZER HOMES USA INC
2021-FY EPS reported
$4.01
revenue$2,140,303,000
- Full-year diluted EPS $4.01 vs $1.78; net income from continuing ops $122.2M vs $53.3M.
- Adjusted EBITDA $262.7M, up 28.5%; homebuilding gross margin (ex-I&A and interest) 23.0%, up 200 bps.
- Net new orders 5,564, down 11.6%; backlog value $1.28B, up 29% with ASP $460.9K.
- Q4 net new orders 1,069, down 46.8% as community count fell 21.6% and sales pace moderated.
- Management expects FY2022 EPS above $5.00 and total debt below $1B; debt repurchases $80.7M in FY.