Beazer Homes to be acquired by Dream Finders for $33.50/share ($2.2B cash)

BEAZER HOMES USA INC

• All-cash deal: Dream Finders Homes to acquire Beazer for $33.50/share, ~$2.2B; subject to stockholder/regulatory approvals.
• Q3 FY2026 net loss $4.2M ($0.16 diluted loss); homebuilding revenue $490.9M, down 8.3% YoY; adjusted EBITDA $15.6M.
• Orders up 4.5% to 900; backlog $758.5M up 2.2%; closings down 13.4% to 896; ASP up 5.9% to $547.8k.
• Issued $400M 8.000% senior notes due 2032; retired $357M 5.875% notes; nearest maturity now Oct 2029.
• Withdraws prior financial outlook and cancels Aug 10 earnings call due to pending transaction.