earnings
confidence high
sentiment negative
materiality 0.75
Beazer Homes Q2 EPS $0.42 vs $1.26 YoY; net income down 67%, new $100M buyback authorized
BEAZER HOMES USA INC
2025-Q2 EPS
reported $0.52
vs consensus $0.42
▲ beat
(+23.2%)
- Net income from continuing ops $12.8M ($0.42 diluted) vs $39.2M ($1.26) in Q2 FY2024; adjusted EBITDA $38.8M, down 34%.
- Homebuilding revenue $556M (+3.2% YoY) on 1,079 closings (+3.4%); gross margin 15.1% (down 360 bps), adjusted gross margin 18.3% (down 340 bps).
- Net new orders 1,098, down 15.5% YoY; sales pace fell 27.1% to 2.3/community/month; cancellation rate 16.9% vs 12.2%.
- Board approved new $100M share repurchase authorization; repurchased $20.6M in Q2 at avg $22.73/share.
- Updated multi-year goals: community count >200 by FY2027 (deferred one year), new target double-digit CAGR in book value per share through FY2027.