secwatch.observer — SEC 8-K summary
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Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2023-11-16T23:59:59+00:00
Accession:  0000915840-23-000052
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beazer Homes FY2023 EPS $5.16, revenue down 4.5%; Q4 orders surge 42.5% but margins compress
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- FY2023 net income $158.7M ($5.16 diluted EPS) vs $220.7M ($7.17) prior year; Adj. EBITDA $272M, down 26.5%.
- Q4 net income $55.8M ($1.80 diluted) vs $86.8M; homebuilding revenue $641.8M, down 22.2% on 23.7% fewer closings.
- Q4 net orders up 42.5% to 1,003; cancellation rate fell to 16.5% from 32.8%; avg community count 130 (+5.7%).
- Homebuilding gross margin (ex I&A and amortized interest) 23.1% FY (down 320 bps), 24.3% Q4 (down 160 bps).
- Total debt to cap 47.0% vs 51.1% a year ago; repurchased $9.0M of debt in FY; Oct credit facility raised to $300M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000091584023000052/0000915840-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000091584023000052/bzh-20231116.htm
  HTML page:      https://secwatch.observer/filing/0000915840-23-000052

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