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Jun 30, 2024
Beazer Homes Q3 2024 Earnings Report
Reported healthy results driven by revenue growth and cost control, with progress towards multi-year goals.
Key Takeaways
Beazer Homes reported a net income of $27.2 million, or $0.88 per diluted share, and adjusted EBITDA of $53.5 million. Homebuilding revenue increased by 3.3% to $589.6 million, driven by a 4.5% increase in home closings. The company also repurchased approximately 450,000 shares of its common stock.
Net income from continuing operations was $27.2 million, or $0.88 per diluted share.
Homebuilding revenue increased 3.3% year-over-year to $589.6 million.
Net new orders decreased 10.8% to 1,070.
Backlog dollar value increased 3.6% to $1.05 billion.
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
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income