NYSE$BZH
Beazer Homes USA Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Strong fourth quarter results were achieved through community count growth, improved backlog conversion, and higher gross margins.
Beazer Homes reported strong fourth quarter results with growth in community count, improved backlog conversion, and higher gross margins. Net income was $56 million, Adjusted EBITDA was $90 million, and earnings per diluted share were $1.80.
- Net income from continuing operations was $55.8 million, or $1.80 per diluted share.
- Adjusted EBITDA was $90.0 million, down 37.2%.
- Homebuilding revenue was $641.8 million, down 22.2% on a 23.7% decrease in home closings, partially offset by a 1.9% increase in average selling price.
- Net new orders increased 42.5% to 1,003, driven by a 34.8% increase in orders per community per month and a 5.7% increase in average community count.
Headline financials
Revenue & EPS history
Beazer Homes · Revenue · Quarterly
$645M
Revenue by segment
Beazer Homes · $573M total across 2 segments · Q3 2023
- Homebuilding Revenue$571M+9.0%99.6%
- Land Sales and Other$2.01M-41.5%0.4%
Forward guidance
We remain confident in the multi-year outlook for our Company and industry. Powerful demographic trends and a persistent undersupply of homes should continue to provide support for new home sales. With a dedicated operating team, a growing community count and a more efficient and less leveraged balance sheet, we have the resources to create durable value for our stakeholders in the years ahead.
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 Q4 2023
-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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