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Stock impact report

Beazer Homes Reports First Quarter Fiscal 2024 Results [Yahoo! Finance]

Beazer Homes USA, Inc. (BZH) 
Last beazer homes usa, inc. earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.beazer.com/investor-overview
Company Research Source: Yahoo! Finance
"Against a backdrop of declining mortgage rates in late November and early December, we generated strong first quarter results," said Allan P. Merrill, the Company's Chairman and Chief Executive Officer. "Driven by a higher sales pace and greater community count, net new orders grew significantly versus the prior year. With a large backlog, improving cycle times and community count growth, we're on track to meet our growth and profitability goals for the fiscal year." "At the end of December, one of our title insurer providers experienced a cybersecurity incident, which delayed a number of closings in the quarter. Although the delayed closings led to slightly lower revenue and earnings in the quarter, I'm pleased to report that these delayed closings were all completed during the first two weeks of January and that the title insurance provider has returned to normal operations." Looking further out, Mr. Merrill concluded, "Our multi-year outlook and growth objectives remain on tr Show less Read more
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