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Mar 31, 2020
Beazer Homes Q2 2020 Earnings Report
Beazer Homes reported strong second quarter results with growth in revenue, margin, and profitability, but the results were overshadowed by the effects of the COVID-19 pandemic.
Key Takeaways
Beazer Homes' Q2 2020 results showed significant improvement compared to the previous year, with a notable increase in net income, adjusted EBITDA, and homebuilding revenue. However, the company acknowledged the overshadowing effects of the COVID-19 pandemic in mid-March and the uncertainty it brings to future performance.
Net income from continuing operations was $10.6 million, a significant improvement from the net loss of $100.8 million in the previous year.
Adjusted EBITDA increased by 34.7% to $43.9 million.
Homebuilding revenue rose by 15.9% to $488.0 million, driven by a 12.6% increase in home closings and a 2.9% increase in average selling price.
The dollar value of backlog increased by 14.3% to $895.0 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Due to uncertainty surrounding this ongoing public health crisis and its continued impact on the U.S. economy, we cannot predict either the near-term or long-term effects that the pandemic will have on our business.
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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