secwatch.observer — SEC 8-K summary
======================================

Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0000915840-22-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Beazer Q2 EPS $1.45, adj EBITDA $77.4M; guides FY EPS at least $6; acquires Imagine Homes
--------------------------------------------------------------------------------

- Net income from continuing ops $44.7M ($1.45 diluted EPS) vs $24.6M ($0.81) YoY; adjusted EBITDA $77.4M, up 20.5%.
- Homebuilding revenue $507.2M (-7.3% YoY); closings down 22.3% to 1,078; ASP up 19.3% to $470.5k; gross margin (excl I&A) 26.8%, up 460bps.
- Net new orders 1,291 (-30.4% YoY); backlog dollar value $1.58B (+14.2%); avg selling price in backlog $507.4k (+20.9%).
- FY2022 EPS guidance at least $6.00 (incl $0.40 tax benefit); expects debt below $1B by year-end.
- Acquired substantially all assets of Imagine Homes (San Antonio); terms undisclosed; Beazer previously held 1/3 stake.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000091584022000018/0000915840-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000091584022000018/bzh-20220428.htm
  HTML page:      https://secwatch.observer/filing/0000915840-22-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer