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Dec 31, 2022
Beazer Homes Q1 2023 Earnings Report
Reported strong first quarter financial results despite challenging new home sales environment.
Key Takeaways
Beazer Homes reported a net income of $24.4 million and earnings per share of $0.80 for the first quarter of fiscal year 2023. The results were driven by year-over-year increases in home prices, healthy gross margins, and careful management of overhead costs.
Net income from continuing operations was $24.4 million, or $0.80 per diluted share.
Homebuilding revenue was $444.1 million, a decrease of 0.6%.
Net new orders decreased by 57.8% to 482.
Backlog dollar value decreased by 33.0% to $940.9 million.
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 did not provide specific forward guidance in this earnings report. However, they expressed confidence in the multi-year growth of their business and the underlying strength of the new home industry.
Revenue & Expenses
Visualization of income flow from segment revenue to net income