secwatch.observer — SEC 8-K summary
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Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000915840-24-000047
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 $27.2M ($0.88 EPS), down 38% YoY; orders fall 10.8%
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- Diluted EPS from continuing ops $0.88 vs $1.42 YoY; Adjusted EBITDA $53.5M, down 26.5%.
- Homebuilding revenue $589.6M (+3.3%); gross margin ex I&A & interest 20.3%, down 310 bps.
- Net new orders 1,070 (-10.8%); sales pace 2.4/community/month vs 3.2; cancellation rate 18.6%.
- Land spend $201.1M (+52.7%); controlled lots 28,365 (+24.9%); repurchased $12.9M of stock.
- Michael Dunn appointed SVP, GC & Corporate Secretary; Keith Belknap retiring; John Kelley joined board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000091584024000047/0000915840-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000091584024000047/bzh-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000915840-24-000047

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