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beazer homes usa inc (BZH) Key Developments

Beazer Homes Files for Notes Exchange Offer

Beazer Homes USA Inc. on June 10 filed a registration statement for the exchange of up to $325.0 million aggregate principal amount of its registered 5.750% senior notes due 2019 for an equal principal amount of any and all outstanding 5.750% senior notes due 2019. The company will not receive any proceeds from the exchange offer.

Beazer Homes USA Inc. Presents at Credit Suisse 2014 Regional Real Estate & Building Products Conference - Boston, Jun-12-2014

Beazer Homes USA Inc. Presents at Credit Suisse 2014 Regional Real Estate & Building Products Conference - Boston, Jun-12-2014 . Venue: Credit Suisse Offices, One Federal Street, 18th Floor, Boston, MA 02110, United States.

Beazer Homes USA Inc. Announces Earnings Results for the Second Quarter and Six Months Ended March 31, 2014

Beazer Homes USA Inc. announced earnings results for the second quarter and six months ended March 31, 2014. The company has reported that net loss for the second quarter ended March 31, 2014 was $7.97 million, or $0.31 loss per share, compared to a net loss of $19.64 million, or $0.8 loss per share, for the same quarter ended March 31, 2013. Total revenue for the second quarter ended March 31, 2014 was $270.02 million, compared to $287.9 million for the same quarter ended March 31, 2013. Net loss for the six months ended March 31, 2014 was $13.11 million, or $0.52 loss per share, compared to a net loss of $40.03 million, or $1.64 loss per share, for the same period ended March 31, 2013. Total revenue for the six months ended March 31, 2014 was $563.19 million, compared to $534.8 million for the same period ended March 31, 2013.

Beazer Homes USA Inc. Presents at JP Morgan Homebuilding & Building Products Conference, May-14-2014 08:45 AM

Beazer Homes USA Inc. Presents at JP Morgan Homebuilding & Building Products Conference, May-14-2014 08:45 AM. Venue: J.P. Morgan, 270 Park Avenue, New York, New York, United States. Speakers: Allan P. Merrill, Chief Executive Officer, President and Director.

Beazer Homes USA Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Revised Earnings Guidance for Fiscal 2014

Beazer Homes USA Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported net loss of $7,971,000 or $0.31 per basic and diluted share on total revenue of $270,021,000 against net loss of $19,640,000 or $0.80 per basic and diluted share on total revenue of $287,902,000 a year ago. Operating income was $5,617,000 and loss from continuing operations before income taxes was $8,280,000 against operating income of $311,000 and loss from continuing operations before income taxes of $19,454,000 a year ago. Loss from continuing operations was $8,224,000 or $0.32 per basic and diluted share against $19,111,000 or $0.78 per basic and diluted share a year ago. Adjusted EBITDA was $18,532,000 against $15,216,000 a year ago. The company spent $128.6 million in land and land development, more than double last year's second quarter spend. Included in this number, is $11 million of noncash acquisitions, primarily related to land in Las Vegas that it received from the Inspirada joint venture selling. For the six months, the company reported net loss of $13,109,000 or $0.52 per basic and diluted share on total revenue of $563,191,000 against net loss of $40,028,000 or $1.64 per basic and diluted share on total revenue of $534,804,000 a year ago. Operating income was $17,149,000 and loss from continuing operations before income taxes was $12,186,000 against operating loss of $3,290,000 and loss from continuing operations before income taxes of $38,646,000 a year ago. Loss from continuing operations was $12,172,000 or $0.48 per basic and diluted share against $38,050,000 or $1.55 per basic and diluted share a year ago. Adjusted EBITDA was $40,160,000 against $22,959,000 a year ago. The company intends to update its full year fiscal 2014 expectations for several operational and financial metrics, including increasing the company's guidance for year-over-year growth in adjusted EBITDA. The company now expects growth in adjusted EBITDA of at least $45 million over last year, a more than 50% year-over-year improvement, at the $5 million increase since its last call. The company still expects to report positive net income. The company is also increasing the expected range of ASPs to $280,000 to $290,000, and focusing its expectations for gross margins at the high end of its prior range, likely between 21.5% and 22%. The company still expects to spend in excess of $500 million on land and land development exclusive of any potential land deals.

 

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Company Last Change
Hovnanian Enterprises Inc $4.57 USD +0.14
M/I Homes Inc $22.55 USD +0.09
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