Loading...
•
Jun 30, 2020
Beazer Homes Q3 2020 Earnings Report
Reported strong results driven by improvements in home closings and margins.
Key Takeaways
Beazer Homes reported a strong third quarter with improvements in home closings and margins, leading to substantial profitability improvements. The company experienced a surge in demand after difficult sales conditions in April, culminating in the best June sales month in more than ten years.
Net income from continuing operations was $15.3 million, compared to $11.6 million in the same quarter last year.
Adjusted EBITDA increased by 39.6% to $54.0 million.
Homebuilding revenue rose by 10.4% to $532.5 million, driven by a 7.6% increase in home closings and a 2.6% increase in average selling price.
Homebuilding gross margin improved by 210 basis points to 17.0%.
Revenue by Geographic Location
Forward Guidance
The company is optimistic about new home demand and their ability to execute on their Balanced Growth strategy.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...