secwatch.observer — SEC 8-K summary
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Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0000915840-25-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beazer Homes Q2 EPS $0.42 vs $1.26 YoY; net income down 67%, new $100M buyback authorized
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000091584025000042/0000915840-25-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000091584025000042/bzh-20250501.htm
  HTML page:      https://secwatch.observer/filing/0000915840-25-000042

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