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Sep 30, 2022
Beazer Homes Q4 2022 Earnings Report
Reported strong fourth quarter and full fiscal year results.
Key Takeaways
Beazer Homes reported very strong fourth quarter financial results, driven by increases in home prices and margins. Adjusted EBITDA increased by 88.4% and earnings per share increased from $1.57 to $2.82.
Net income from continuing operations of $86.8 million, or $2.82 per diluted share, compared to net income from continuing operations of $48.4 million, or $1.57 per diluted share, in fiscal fourth quarter 2021
Adjusted EBITDA of $143.3 million, up 88.4%
Homebuilding revenue of $825.4 million, up 40.1% on a 14.9% increase in home closings to 1,616 and a 22.0% increase in average selling price to $510.7 thousand
Net new orders of 704, down 34.1% on a 36.3% decrease in sales/community/month to 1.9, partially offset by a 3.4% increase in average community count to 123
Beazer Homes
Beazer Homes
Beazer Homes Revenue by Geographic Location
Revenue by Geographic Location
West Region Revenue
CapyFin.comEast Region Revenue
CapyFin.comSoutheast Region Revenue
CapyFin.com Forward Guidance
The environment for new home sales became significantly more challenging over the course of fiscal 2022, as higher mortgage rates worsened an already strained affordability equation for most buyers. In response, Beazer Homes has increased incentives and reduced base prices in most of its communities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income