secwatch.observer — SEC 8-K summary
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Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0000915840-24-000068
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beazer Homes Q4 net income $52.1M ($1.69 EPS); FY net income $140.2M; community count up 20.9%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000091584024000068/0000915840-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000091584024000068/bzh-20241113.htm
  HTML page:      https://secwatch.observer/filing/0000915840-24-000068

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