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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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