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Last $16.84 USD
Change Today +0.32 / 1.94%
Volume 653.8K
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

beazer homes usa inc (BZH) Key Developments

Beazer Homes USA Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Beazer Homes USA Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported net income of $12.2 million or $0.38 per diluted share on total revenue of $429.4 million compared to net loss of $12.4 million or $0.47 per diluted share on total revenue of $354.7 million reported in the same period last year. Income from continuing operations was $12.2 million or $0.38 per diluted share against loss from continuing operations of 13.2 million or $0.50 per diluted share reported last year. Operating income was $17.7 million against $15.1 million reported last year. Income from continuing operations before income taxes was $12.1 million against loss from continuing operations before income taxes of $15 million reported last year. Adjusted EBITDA was $36.9 million against $31.6 million reported last year. For the nine months, the company reported net loss of $12.2 million or $0.46 per diluted share on total revenue of $994.6 million compared to net loss of $25.5 million or $1.00 per diluted share on total revenue of $917.9 million reported in the same period last year. Loss from continuing operations was $7.9 million or $0.30 per diluted share against $25.4 million or $0.99 per diluted share reported last year. Operating income was $14.6 million against $32.2 million reported last year. Loss from continuing operations before income taxes was $8.7 million against $27.15 million reported last year. Adjusted EBITDA was $55.7 million against $71.8 million reported last year. For 2015 the company now expect adjusted EBITDA to be up approximately $10 million versus the prior year, which in reality is closer to $16 million after accounting for the benefit the company had in fiscal 2014 from the sale of the company interest in Beazer preowned rental homes. The company also expect to reduce interest expense by refinancing several of higher cost debt instruments as market conditions allow. And in the fall, at the time when the company release full year results, The company expects to put a new revolving credit facility in place.

Beazer Homes USA Inc. to Report Q3, 2015 Results on Aug 04, 2015

Beazer Homes USA Inc. announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Aug 04, 2015

Beazer Homes USA Inc., Q3 2015 Earnings Call, Aug 04, 2015

Beazer Homes USA Inc., Q3 2015 Earnings Call, Aug 04, 2015

Beazer Homes USA Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015

Beazer Homes USA Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported net loss of $1,996,000 or $0.08 per basic and diluted share on total revenue of $299,359,000 against net loss of $7,971,000 or $0.31 per basic and diluted share on total revenue of $270,021,000 a year ago. Operating income was $6,436,000 against $5,617,000 a year ago. Loss from continuing operations before income taxes was $1,955,000 against $8,280,000 a year ago. Loss from continuing operations was $2,060,000 or $0.08 per basic and diluted share against $8,224,000 or $0.32 per basic and diluted share a year ago. Adjusted EBITDA was $20,080,000 against $18,532,000 a year ago. The company had spent $102 million on land and land development during the quarter. For the six months, the company reported net loss of $24,336,000 or $0.92 per basic and diluted share on total revenue of $565,123,000 against net loss of $13,109,000 or $0.52 per basic and diluted share on total revenue of $563,191,000 a year ago. Operating loss was $3,054,000 against operating income of $17,149,000 a year ago. Loss from continuing operations before income taxes was $20,737,000 against $12,186,000 a year ago. Loss from continuing operations was $20,146,000 or $0.76 per basic and diluted share against $12,172,000 or $0.48 per basic and diluted share a year ago. Adjusted EBITDA was $18,792,000 against $40,160,000 a year ago. The company had spent $248 million on land and land development.

Beazer Homes Seeks Acquisitions

Beazer Homes USA Inc. (NYSE:BZH) is seeking acquisitions. Allan Merrill, Beazer Homes' President & Chief Executive Officer, said "One of the common themes has been folks that are out of town, coming into a particular town and being able to rationalize that premium in a way that is an incumbent in that market, we haven't been able to. And so that's one of the dynamics at play, as we look at end-market acquisitions."

 

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BZH Competitors

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Company Last Change
AV Homes Inc $13.96 USD +0.39
LGI Homes Inc $24.85 USD +0.42
M/I Homes Inc $24.72 USD +0.03
UCP Inc $8.36 USD +0.28
WCI Communities Inc $24.67 USD +0.10
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Industry Analysis

BZH

Industry Average

Valuation BZH Industry Range
Price/Earnings 10.2x
Price/Sales 0.3x
Price/Book 1.6x
Price/Cash Flow 8.9x
TEV/Sales NM Not Meaningful
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