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Stock impact report

Beazer Homes Reports Second 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
"Beazer delivered another successful quarter with strong sales, solid margins and growth in both our community count and our lot position," said Allan P. Merrill, the company's Chairman and Chief Executive Officer. "The combination of these factors and our careful management of overheads enabled us to generate nearly $59 million in adjusted EBITDA." Commenting on current market conditions, Mr. Merrill said, "While affordability remains challenging, especially in light of the recent increase in mortgage rates, the relatively strong economy and lack of resale inventory leave us on track to achieve our full year profitability and double-digit return on equity goals for the fiscal year." Looking further out, Mr. Merrill concluded, "We remain optimistic for the years ahead given the persistent undersupply of housing and our consistent advancement towards our multi-year goals. Further growth in community count, combined with reductions in leverage and the full implementation of our Zer Show less Read more
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