secwatch.observer — SEC 8-K summary
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Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000915840-23-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beazer Homes Q1 FY2023 EPS $0.80; net income $24.4M; new orders drop 57.8% YoY
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- Net income $24.4M ($0.80 diluted EPS) vs $34.9M ($1.14) year ago; adjusted EBITDA $47.1M, down 22.9%.
- Homebuilding revenue $444.1M (flat YoY) on 833 closings (-18.3%) and ASP $533.1K (+21.6%).
- Net new orders 482 (-57.8%); cancellation rate 37.1% (vs 11.8%); backlog units 1,740 (-40.2%).
- Homebuilding gross margin ex-I&A and interest 22.3% (-190 bps); SG&A as % of revenue 12.3% (+50 bps).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000091584023000007/0000915840-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000091584023000007/bzh-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000915840-23-000007

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