secwatch.observer — SEC 8-K summary
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Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000915840-24-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beazer Q2 net income $39.2M ($1.26 diluted); orders up 10%, community count up 14%
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- Net income from continuing ops $39.2M vs $34.7M YoY; diluted EPS $1.26 vs $1.13.
- Adjusted EBITDA $58.8M, down 5.4%; homebuilding revenue $538.6M, down 0.6%.
- Net new orders 1,299 (+10%); average community count 140 (+13.8%); backlog $1.08B (+8.9%).
- Issued $250M 7.500% notes due 2031 to redeem $197.9M of 6.750% notes due 2025; extended revolver to 2028.
- Land spend $197.8M (+75%); total liquidity $432.9M; debt-to-capital ratio 46.8% (down 290 bps YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000091584024000027/0000915840-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000091584024000027/bzh-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000915840-24-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer