BEAZER HOMES USA (BZH) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for BEAZER HOMES USA.

Analyst Coverage

Research analysts who have asked questions during BEAZER HOMES USA earnings calls.

Tyler Batory

Oppenheimer & Co. Inc.

6 questions for BZH

Also covers: APLE, PLYA, PRSU +7 more

Jay McCanless

Wedbush Securities

4 questions for BZH

Also covers: BLDR, CCS, CVCO +20 more

Julio Romero

Sidoti & Company, LLC

4 questions for BZH

Also covers: AAON, ACA, APOG +14 more

Alan Ratner

Zelman & Associates

3 questions for BZH

Also covers: CCS, DHI, FPH +9 more

Alex Barron

Housing Research Center

3 questions for BZH

Also covers: CCS, DHI, FOR +9 more

Natalie Kulasekere

Zelman & Associates

3 questions for BZH

Also covers: CCS, HOV

Julio Romero

Sidoti & Company

2 questions for BZH

Rohit Seth

B. Riley Securities

2 questions for BZH

Also covers: CCS, GRBK, LEGH +2 more

Alexander Rygiel

B. Riley Securities

1 question for BZH

Also covers: ATKR, BLDR, CCS +8 more

Alex Hantman

Sidoti & Company

1 question for BZH

Also covers: AAON, ACA, ASTE +7 more

Alex Rygiel

Texas Capital Securities

1 question for BZH

Also covers: BLDR, BWMN, CCS +10 more

Latest news

Recent press releases and 8-K filings for BZH.

Beazer Homes Reports Q1 2026 Results and Provides Q2 Outlook

BZH

Earnings

Guidance Update

Share Buyback

Beazer Homes reported a diluted loss per share of $1.13 and negative adjusted EBITDA of $11.2 million for Q1 fiscal 2026, with home building revenue of $359.7 million from 700 homes closed. The reported home building gross margin was 14%, or 15.8% excluding a one-time litigation charge.
For Q2 fiscal 2026, the company anticipates selling approximately 1,100 homes and closing about 800 homes at an average selling price of $520,000-$525,000, projecting a net loss of about $0.75 per diluted share and total adjusted EBITDA of around $5 million.
The company expects 300 basis points of home building gross margin expansion by year-end, driven by over $10,000 per home reduction in construction costs and a shift towards newer communities, which are projected to comprise about 50% of Q4 revenue compared to just over 10% in Q1.
Beazer Homes plans to fully execute its remaining $72 million share repurchase authorization this year and aims to grow book value per share by 5%-10% by year-end fiscal 2026, supported by approximately $150 million in planned land sale proceeds.

6 days ago

Transcript

Beazer Homes Reports Q1 2026 Results and Provides Q2 Outlook

BZH

Earnings

Guidance Update

Share Buyback

Beazer Homes reported Q1 fiscal 2026 home building revenue of $359.7 million and an adjusted home building gross margin of 15.8%, excluding a litigation-related charge. The company recorded an adjusted EBITDA of negative $11.2 million and a diluted loss per share of $1.13.
For Q2 fiscal 2026, the company anticipates closing approximately 800 homes at an average selling price of $520,000-$525,000, with an expected adjusted EBITDA of around $5 million and a net loss of about $0.75 per diluted share.
The company aims for full-year EBITDA growth and expects to grow book value per share by 5%-10% by year-end, supported by the execution of the remaining $72 million share repurchase authorization and anticipated $150 million in non-strategic land sales.
Strategic initiatives include reducing labor and material costs by over $10,000 per home (nearly 200 basis points) and leveraging newer communities, which are projected to account for about 50% of Q4 revenue and drive 300 basis points of margin expansion by year-end.

6 days ago

Transcript

Beazer Homes Reports Q1 2026 Results and Provides Q2 2026 Outlook

BZH

Earnings

Guidance Update

Share Buyback

Beazer Homes reported Q1 fiscal 2026 home building revenue of $359.7 million and a diluted loss per share of $1.13, which included a $0.23 per share impact from a one-time litigation charge. Adjusted EBITDA for the quarter was negative $11.2 million.
For Q2 fiscal 2026, the company anticipates closing approximately 800 homes at an average selling price of $520,000-$525,000, with adjusted EBITDA projected to be around $5 million and a net loss of about $0.75 per diluted share.
The company aims for full-year EBITDA growth and a double-digit CAGR in book value per share through fiscal 2027, driven by 300 basis points of margin expansion by year-end, $150 million in land sale proceeds, and the full execution of its remaining $72 million share repurchase authorization.
Strategic initiatives include reducing labor and material costs by over $10,000 per home, increasing the contribution of newer, higher-margin communities (projected to be 50% of Q4 revenue), and expanding Solar-Included homes, which are expected to represent 20% of business in solar-included communities by year-end.

6 days ago

Transcript

Beazer (BZH) Announces Q1 2026 Results and Fiscal Year Outlook

BZH

Earnings

Guidance Update

Share Buyback

Beazer (BZH) reported a soft start to Fiscal Year 2026, with Q1 FY26 Homebuilding Revenue of $359.7 million and a Net Loss of ($32.6 million) , resulting in Diluted EPS of ($1.13).
For Q2 FY26, the company expects New Home Orders of approximately 1,100 , Closings of around 800 , and Diluted EPS of approximately ($0.75).
BZH plans to fully execute its remaining $72 million share repurchase authorization in FY26 and aims to finish FY26 at or below 40% net leverage , with a multi-year goal of low 30% net debt to net capitalization by FYE 2027.
The company anticipates FY26 EBITDA growth (excluding Q1 litigation-related charge) driven by margin catalysts, higher Average Selling Price (ASP) in 2H, and approximately $150 million of profitable land sales.

6 days ago

Presentation

Beazer Homes USA, Inc. Announces First Quarter Fiscal 2026 Results

BZH

Earnings

Profit Warning

Share Buyback

Beazer Homes USA, Inc. reported a net loss of $32.6 million, or $1.13 per diluted share, for the first fiscal quarter of 2026, which included a $0.23 litigation-related charge. This compares to net income of $3.1 million, or $0.10 per diluted share, in the prior year quarter.
Homebuilding revenue for Q1 fiscal 2026 was $359.7 million, a 21.9% decrease year-over-year, driven by a 22.8% decrease in home closings to 700.
Adjusted EBITDA for Q1 fiscal 2026 was a loss of $11.2 million, down from $23.0 million in the prior year quarter.
The Company repurchased $15.1 million of its outstanding common stock through open market transactions during the quarter.

6 days ago

8-K

Beazer Homes Reports First Quarter Fiscal 2026 Results

BZH

Earnings

Demand Weakening

Share Buyback

Beazer Homes reported a net loss of $32.6 million, or $1.13 per diluted share, for the first fiscal quarter of 2026, which included a litigation-related charge reducing diluted EPS by $0.23.
Homebuilding revenue decreased 21.9% year-over-year to $359.7 million, primarily due to a 22.8% decrease in home closings to 700 units.
Homebuilding gross margin declined 480 basis points to 10.4%, impacted by increased price concessions, incentives, and a litigation-related charge.
Net new orders decreased 18.1% to 763, and the company recorded an Adjusted EBITDA loss of $11.2 million for the quarter.
The company repurchased $15.1 million of its common stock and ended the quarter with $342.7 million in total liquidity.

6 days ago

Press Release

Beazer Homes Reports Q4 and Full Year 2025 Results, Provides Q1 2026 Outlook

BZH

Earnings

Guidance Update

Demand Weakening

For Q4 FY25, Beazer Homes reported homebuilding revenue of $750.8 million, a 4.2% decrease year-over-year, with diluted EPS from continuing operations at $1.02, a 39.6% decrease. For the full fiscal year 2025, total revenue grew 1.8% to $2,371.6 million, but Adjusted EBITDA declined $85.7 million to $157.7 million.
Operational highlights for FY25 included an average active community count of 164, up 14% year-over-year, and the company completed 4,427 closings.
The company improved its balance sheet efficiency, ending FY25 with a net debt to net capitalization ratio of 39.5% and total liquidity of approximately $540 million.
For Q1 FY26, Beazer Homes anticipates approximately 900 new home orders and 800 closings, expecting diluted EPS from continuing operations to be around ($0.50).
Beazer Homes maintained its position as America's #1 Energy-Efficient Homebuilder, achieving an average Home Energy Rating System (HERS) score of 32 in fiscal 2025.

Nov 13, 2025, 10:00 PM

Presentation

Beazer Homes Reports Q4 2025 Results and Provides Fiscal 2026 Guidance

BZH

Earnings

Guidance Update

Share Buyback

Beazer Homes reported Q4 fiscal 2025 diluted earnings per share of $1.02 and adjusted EBITDA of approximately $64 million, with a gross margin of 17.2% on 1,400 homes closed.
For Q1 fiscal 2026, the company anticipates closing about 800 homes with an average selling price (ASP) around $515,000, expecting an adjusted gross margin of approximately 16% and a net loss of about $0.50 per diluted share.
The company projects a 5%-10% increase in closings for full year fiscal 2026 compared to fiscal 2025, with a target of about three percentage points of margin improvement by Q4 2026 driven by cost savings and mix shifts.
Beazer Homes is pursuing multi-year goals to achieve a community count greater than 200 and a net debt to net capitalization ratio in the low 30% range by the end of fiscal 2027, while also protecting over $140 million in deferred tax assets through a new rights agreement.

Nov 13, 2025, 10:00 PM

Transcript

Beazer Homes Reports Q4 2025 Revenue Beat Despite EPS Decline

BZH

Earnings

Share Buyback

Guidance Update

Beazer Homes reported Q4 2025 revenue of $791.9 million, surpassing estimates by 17.35%, driven by over 1,400 home closings, though diluted EPS declined to $1.02.
The company's adjusted gross margin was approximately 16%, pressured by a higher mix of less-profitable spec homes, despite cost-saving measures contributing about $10,000 per home.
Beazer Homes focused on balance sheet efficiency, reducing net debt to below 40% and increasing optioned lot shares to 62% from 58%.
The company maintained strong liquidity with nearly $540 million in total liquidity and repurchased about 1.5 million shares (representing roughly 5% of the company) during fiscal 2025, targeting at least the same level of repurchases in fiscal 2026.
Management is optimistic about more balanced supply and demand dynamics in 2026, targeting growth in book value per share and expansion to over 200 active communities by the end of fiscal 2027.

Nov 13, 2025, 9:24 PM

Morningstar

Beazer Homes USA Enters New Rights Agreement to Protect Tax Assets

BZH

Takeover Bid

Dividends

Beazer Homes USA, Inc. (BZH) entered into a New Rights Agreement on November 12, 2025, with the unanimous approval of its Board of Directors, to protect its net operating loss carryforwards (NOLs) and tax credits.
The agreement aims to prevent an "ownership change" under Sections 382 and 383 of the Internal Revenue Code, which could limit the Company's ability to utilize these tax benefits, including approximately $84.1 million in Energy-Efficiency Tax Credits.
This New Rights Agreement deters any person from acquiring 4.95% or more of the Company's outstanding common shares.
A dividend distribution of one preferred share purchase right for each common stock share was declared for stockholders of record as of November 14, 2025, with each right initially allowing purchase of a unit of Series A Junior Participating Preferred Stock for $50.00.
The agreement requires stockholder ratification at the 2026 Annual Meeting of Stockholders and, if ratified, will expire no later than November 14, 2028.