NYSE$BZH
Beazer Homes USA Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Beazer Homes' financial performance was strong, driven by increases in home prices and gross margin, despite supply chain challenges.
Beazer Homes reported strong Q3 financial results with net income of $54.3 million, or $1.76 per diluted share. Homebuilding revenue was $523.2 million, and the homebuilding gross margin was 25.1%. The company expects fiscal year 2022 earnings per share of approximately $6.50 and to reduce debt below $1 billion by year end.
- Net income from continuing operations was $54.3 million, or $1.76 per diluted share, compared to $37.1 million, or $1.22 per diluted share, in Q3 2021.
- Homebuilding revenue was $523.2 million, down 7.7% year-over-year.
- Homebuilding gross margin was 25.1%, up 490 basis points.
- Net new orders were 925, down 22.9% year-over-year.
Headline financials
Revenue & EPS history
Beazer Homes · Revenue · Quarterly
$527M
Revenue by segment
Beazer Homes · $527M total across 2 segments · Q3 2022
- Homebuilding Revenue$523M-7.7%99.3%
- Land Sales and Other$3.44M-14.1%0.7%
Forward guidance
Beazer Homes expects to generate fiscal year 2022 earnings per share of approximately $6.50, inclusive of previously disclosed tax benefits of approximately $0.40 per share, and reduce debt below $1 billion by year end.
Tailwinds
- Size of backlog provides excellent visibility into full year financial results.
- Company expects to generate fiscal year 2022 earnings per share of approximately $6.50.
- Company anticipates reducing debt below $1 billion by year end.
- Structural demand for new homes remains quite strong.
- Company remains confident in the long-term prospects of the business and the new home industry.
Headwinds
- Environment for new home sales became significantly more challenging during Q3.
- Higher mortgage rates and rapid inflation negatively impacted homebuyer sentiment and behavior.
- Many prospective customers are delaying purchase decisions.
- Near-term pressures on new home sales.
- Consumers will adjust to a higher rate environment.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-0.6%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+3.1%
Avg return
30 days after
47%
30 / 64 earnings
Positive
+27.0%
Q2 2023
Best reaction
-20.0%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -3.9% | -12.4% | +17.0% | |
| Q1 2026 | -10.9% | +1.4% | +5.7% | |
| Q4 2025 | +1.7% | -7.4% | +5.5% | |
| Q2 2025 | +8.6% | +7.6% | +5.1% | |
| Q1 2025 | -20.0% | -20.9% | -19.5% | |
| Q4 2024 | +8.0% | +1.8% | -4.2% | |
| Q3 2024 | -15.1% | -18.9% | -7.1% | |
| Q2 2024 | -3.6% | +1.1% | +2.5% | |
| Q1 2024 | -6.1% | -8.3% | +1.5% | |
| Q4 2023 | -10.9% | -12.1% | +3.0% | |
| Q3 2023 | +26.6% | +23.1% | -1.6% | |
| Q2 2023 | +27.0% | +12.1% | +24.1% | |
| Q1 2023 | -7.1% | -5.7% | -6.5% | |
| Q4 2022 | +18.1% | +14.6% | +21.7% | |
| Q3 2022 | -3.7% | -6.7% | -4.3% | |
| Q2 2022 | +2.0% | +4.9% | +8.2% | |
| Q1 2022 | -3.1% | -1.9% | -10.5% | |
| Q4 2021 | +10.6% | +10.3% | +20.7% | |
| Q3 2021 | +4.5% | +0.9% | +8.6% | |
| Q2 2021 | +4.3% | +15.8% | +11.3% | |
| Q1 2021 | -10.2% | -4.1% | -4.5% | |
| Q4 2020 | +3.3% | +0.4% | +8.0% | |
| Q3 2020 | -1.7% | -1.6% | +11.0% | |
| Q2 2020 | -3.2% | -2.2% | +35.8% | |
| Q1 2020 | -17.2% | -22.4% | -26.2% | |
| Q4 2019 | +8.4% | +8.5% | +6.7% | |
| Q3 2019 | -2.4% | -3.7% | +6.9% | |
| Q2 2019 | -8.1% | -20.0% | -33.3% | |
| Q1 2019 | -2.7% | -11.2% | -9.8% | |
| Q4 2018 | +22.6% | +23.1% | +28.4% | |
| Q3 2018 | -5.0% | -3.5% | -4.7% | |
| Q2 2018 | +5.6% | +8.4% | -0.7% | |
| Q1 2018 | +0.4% | -12.4% | -5.9% | |
| Q4 2017 | +3.2% | -1.7% | -10.0% | |
| Q3 2017 | +13.1% | +16.5% | +12.4% | |
| Q2 2017 | +8.5% | +20.1% | +4.5% | |
| Q1 2017 | -6.8% | -6.4% | -14.1% | |
| Q4 2016 | +4.7% | +13.5% | +18.3% | |
| Q3 2016 | +4.1% | +1.0% | +15.6% | |
| Q2 2016 | -17.1% | — | — | |
| Q1 2016 | -17.7% | — | — | |
| Q4 2015 | +9.8% | — | — | |
| Q3 2015 | -10.4% | — | — | |
| Q2 2015 | +2.8% | — | — | |
| Q1 2015 | -16.7% | — | — | |
| Q4 2014 | -3.0% | — | — | |
| Q3 2014 | -6.0% | — | — | |
| Q2 2014 | +5.2% | — | — | |
| Q1 2014 | -2.0% | — | — | |
| Q4 2013 | +5.9% | — | — | |
| Q3 2013 | -1.0% | — | — | |
| Q2 2013 | +15.2% | — | — | |
| Q1 2013 | +2.7% | — | — | |
| Q4 2012 | -16.6% | — | — | |
| Q3 2012 | +5.6% | — | — | |
| Q2 2012 | -12.6% | — | — | |
| Q1 2010 | +13.6% | — | — | |
| Q1 2012 | +2.4% | — | — | |
| Q4 2011 | -2.7% | — | — | |
| Q3 2011 | -16.5% | — | — | |
| Q3 2010 | -16.5% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q4 2010 | +7.4% | — | — | |
| Q2 2010 | -11.6% | — | — |
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