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

Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000915840-22-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beazer Homes Q3 EPS $1.76 vs $1.22 YoY; orders down 23% on rate headwinds; FY22 EPS guide $6.50
--------------------------------------------------------------------------------

- Net income $54.3M ($1.76 diluted EPS) vs $37.1M ($1.22) prior year; adjusted EBITDA $88.2M +11.9%.
- Homebuilding revenue $523.2M (-7.7%) with closings down 24.3% to 1,043; ASP up 21.9% to $501.7k.
- Homebuilding gross margin ex-items 28.1% (+390 bps); net new orders 925 (-22.9%); cancellation rate 17% vs 10.9%.
- Backlog value $1.588B (+17.2%); FY2022 EPS guidance ~$6.50 including $0.40 tax benefit; expects debt below $1B by year end.
- Repurchased $2.5M shares and $1.7M of 6.750% Senior Notes during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000091584022000025/0000915840-22-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000091584022000025/bzh-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000915840-22-000025

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