Beazer Homes FY2022 EPS $7.17, revenue $2.3B; Q4 orders down 34% amid rising mortgage rates

BEAZER HOMES USA INC

2022-FY EPS reported $7.17 revenue$2,316,988,000

Net income from continuing operations $220.7M ($7.17 diluted EPS) vs $122.2M ($4.01) in FY2021.
Homebuilding revenue $2.30B (+8.2% YoY); adjusted EBITDA $370.1M (+40.9% YoY).
Q4 net new orders fell 34.1% to 704; cancellation rate surged to 32.8% from 11.7%.
Controlled lots rose 14.5% to 25,170; retired $74.4M of debt, reducing total below $1.0B.
New $265M senior unsecured revolver replaced prior secured facility; repurchased $5.6M shares in Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BEAZER HOMES USA INC reported the quarter ended September 30, 2022 results: revenue $825.4 million, net income $86.8 million, EPS $2.82 per diluted share.

Period: the quarter ended September 30, 2022
Revenue: $825.4 million
Net income: $86.8 million
EPS: $2.82 per diluted share
Result: reported results

Exact text from the filing

from continuing operations of $48.4 million, or $1.57 per diluted share, in fiscal fourth quarter 2021 • Adjusted EBITDA of $143.3 million, up 88.4% • Homebuilding revenue of $825.4 million, up 40.1% on a 14.9% increase in home closings to 1,616 and a 22.0% increase in average selling price to $510.7 thousand • Homebuilding gross margin was 22.8%, up 330 basis

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BEAZER HOMES USA INC reported the fiscal year ended September 30, 2022 results: revenue $2.3 billion, net income $220.7 million, EPS $7.17 per diluted share.

Period: the fiscal year ended September 30, 2022
Revenue: $2.3 billion
Net income: $220.7 million
EPS: $7.17 per diluted share
Result: reported results

Exact text from the filing

to net income from continuing operations of $122.2 million, or $4.01 per diluted share, in fiscal 2021 • Adjusted EBITDA of $370.1 million, up 40.9% • Homebuilding revenue of $2.3 billion, up 8.2% on a 20.3% increase in average selling price to $484.1 thousand, partially offset by a 10.0% decrease in home closings to 4,756 • Homebuilding gross margin was 23.1%, up

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Source: SEC EDGAR

accession 0000915840-22-000033

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