earnings
confidence high
sentiment negative
materiality 0.75
Beazer Homes Q4 net income $52.1M ($1.69 EPS); FY net income $140.2M; community count up 20.9%
BEAZER HOMES USA INC
2024-FY EPS reported
$4.53
revenue$2,330,197,000
- Net income from continuing ops $52.1M ($1.69 diluted EPS) in Q4 vs $55.8M ($1.80) YoY; FY $140.2M ($4.53) vs $158.7M ($5.16).
- Homebuilding revenue $783.8M in Q4 (+22.1% YoY) on 21.3% more closings (1,496); FY revenue $2.29B (+4.3%) on 4.8% more closings (4,450).
- Q4 homebuilding gross margin (ex-I&A and amortized interest) 20.4% vs 24.3% YoY, down 390 bps on increased spec closings and incentives.
- Active community count at period-end 162 (+20.9% YoY); net new orders 1,029 in Q4 (+2.6%); orders per community per month 2.2 (down 13.0%).
- Refinanced $197.9M of 6.750% notes with $250.0M 7.500% notes due 2031; extended revolver to March 2028; total liquidity $503.9M.