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Dec 31, 2019
Beazer Homes Q1 2020 Earnings Report
Beazer Homes' first quarter of fiscal year 2020 was marked by increased home sales and improved gross margins, driven by strong consumer demand and efforts to enhance profitability.
Key Takeaways
Beazer Homes reported a 4.1% increase in homebuilding revenue, driven by a 2.7% increase in home closings and a 1.4% increase in average selling price. Adjusted EBITDA increased by 9.4%.
Net income from continuing operations was $2.8 million.
Adjusted EBITDA increased by 9.4% to $29.4 million.
Homebuilding revenue rose by 4.1% to $417.4 million.
Unit orders increased by 28.2% to 1,251.
Beazer Homes
Beazer Homes
Beazer Homes Revenue by Segment
Beazer Homes Revenue by Geographic Location
Revenue by Segment
Homebuilding Revenue
CapyFin.comLand Sales and Other Revenue
CapyFin.comRevenue by Geographic Location
West Region Revenue
CapyFin.comEast Region Revenue
CapyFin.comSoutheast Region Revenue
CapyFin.com Forward Guidance
Beazer Homes is focused on delivering 'extraordinary value at an affordable price' and remains confident in improving profitability and returns while reducing debt.
Positive Outlook
- Efforts to drive increases in profitability and returns.
- Focus on first time and downsizing buyers.
- Positioning Gatherings for continued growth in fiscal 2020.
- Confident in reaching Fiscal 2020 goals.
- Focus on delivering affordable new homes.
Challenges Ahead
- Cyclical nature of the homebuilding industry.
- Potential deterioration in homebuilding industry conditions.
- Economic changes nationally or in local markets.
- Shortages of or increased prices for labor, land or raw materials used in housing production.
- Increased competition or delays in reacting to changing consumer preferences in home design.
Revenue & Expenses
Visualization of income flow from segment revenue to net income