Beazer Homes Q2 EPS $1.13, revenue up 6.9%; backlog units drop 40.5%

BEAZER HOMES USA INC

2023-Q2 EPS reported $1.93 revenue$988,836,000

Net income from continuing ops $34.7M ($1.13 diluted EPS) vs $44.7M ($1.45) Q2 2022.
Homebuilding revenue $542.0M (+6.9%); ASP $509.9K (+8.4%); closings 1,063 (-1.4%).
Adjusted EBITDA $62.1M (-19.7%); homebuilding gross margin excl. I&A & interest 22.0% (down 480 bps).
Net new orders 1,181 (-8.5%); cancellation rate 18.6% (up from 12.2%); backlog dollar value $987.2M (-37.7%).
Liquidity $505.8M incl. $240.8M cash; repurchased $5.0M of 6.750% Senior Notes due 2025 after quarter end.

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 0.85

BEAZER HOMES USA INC reported financial results for three months ended March 31, 2023.

Period: three months ended March 31, 2023
Result: reported results

Exact text from the filing

On April 27, 2023 , Beazer Homes USA, Inc. issued a press release announcing results of operations for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0000915840-23-000017

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