secwatch.observer — SEC 8-K summary
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Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000915840-23-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beazer Homes Q3 net income $43.8M (-19% YoY); adjusted EBITDA $72.8M; orders up 30%
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- Net income from continuing ops $43.8M ($1.42 diluted EPS) vs $54.3M ($1.76) in prior year quarter.
- Adjusted EBITDA $72.8M, down 17.5% YoY; homebuilding gross margin (ex I&A and interest) 23.4%, down 470 bps.
- Homebuilding revenue $570.5M, up 9.0% on 7.1% more closings (1,117) and 1.8% higher ASP ($510.8K).
- Net new orders 1,200 (+29.7% YoY); order pace 3.2 per community per month (+28.3%); cancellation rate 16.1% down from 17.0%.
- Backlog $1.0B (1,941 homes), down 36.4% but growing for two consecutive quarters; total liquidity $541.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000091584023000025/0000915840-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000091584023000025/bzh-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000915840-23-000025

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