secwatch.observer — SEC 8-K summary
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Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000915840-23-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000091584023000017/0000915840-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000091584023000017/bzh-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000915840-23-000017

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