secwatch.observer — SEC 8-K summary
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Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0000915840-22-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beazer Q1 net income more than doubles to $34.9M; raises FY EPS guidance above $5.00
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- Net income from continuing ops $34.9M ($1.14 diluted EPS) vs $12.0M ($0.40) YoY.
- Homebuilding revenue $446.7M, up 5.3%; ASP up 15.1% to $438.4k; closings down 8.5% to 1,019.
- Homebuilding gross margin (ex-I&A and interest) 24.2%, up 210 bps; SG&A as % of revenue down 90 bps to 11.8%.
- Adjusted EBITDA $61.1M, up 40.1%; net new orders 1,141, down 20.9% on fewer communities.
- FY 2022 EPS target raised above $5.00, plus $0.40 from energy tax credits; expects debt below $1B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000091584022000005/0000915840-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000091584022000005/bzh-20220127.htm
  HTML page:      https://secwatch.observer/filing/0000915840-22-000005

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