secwatch.observer — SEC 8-K summary
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Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000915840-24-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beazer Homes Q1 FY2024 net income $21.7M ($0.70 EPS), down from $0.80; revenue $380.9M, down 14.2%
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- Net income $21.7M ($0.70 diluted EPS) vs $24.4M ($0.80) a year ago; adjusted EBITDA $38.0M, down 19.4%.
- Homebuilding revenue $380.9M (-14.2%); closings 743 (-10.8%); ASP $512.7k (-3.8%); gross margin (ex-items) 22.9% (+60 bps).
- Net new orders 823, up 70.7%; sales pace 2.0/community/month (from 1.3); community count up 13.5% to 137.
- Backlog value $932.8M, flat; cancellation rate fell to 19.0% from 37.1%.
- Cybersecurity incident at title insurer delayed some closings; all completed by mid-January; operations normal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000091584024000013/0000915840-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000091584024000013/bzh-20240201.htm
  HTML page:      https://secwatch.observer/filing/0000915840-24-000013

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