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beazer homes usa inc (BZH) Key Developments

Beazer Homes USA Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Sept. 30, 2014; Provides Earnings Guidance for 2015

Beazer Homes USA Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Sept. 30, 2014. For the quarter, the company reported total revenue of $545,905,000, operating income of $23,452,000, income from continuing operations before income taxes of $20,274,000, income from continuing operations of $60,288,000 or $1.9 per diluted share, net income of $59,847,000 or $1.88 per diluted share, adjusted EBITDA of $56,493,000 compared to the total revenue of $438,334,000, operating income of $22,079,000, income from continuing operations before income taxes of $8,867,000, income from continuing operations of $11,328,000 or $0.36 per diluted share, net income of $11,948,000 or $0.38 per diluted share, adjusted EBITDA of $41,541,000 for the same quarter a year ago. For the year, the company reported total revenue of $1,463,767,000, operating income of $55,689,000, loss from continuing operations before income taxes of $6,874,000, income from continuing operations of $34,923,000 or $1.1 per diluted share, net income of $34,383,000 or $1.08 per diluted share, adjusted EBITDA of $128,275,000 compared to the total revenue of $1,287,577,000, operating income of $27,261,000, loss from continuing operations before income taxes of $35,653,000, income from continuing operations of $32,164,000 or $1.3 per diluted share, net loss of $33,868,000 or $1.37 per diluted share, adjusted EBITDA of $86,261,000 for the previous year. The company provided earnings guidance for the full year of fiscal 2015. The company said that higher community count should lead to growth in new home orders, closings and average selling prices, allowing to make further improvements in Adjusted EBITDA in 2015 and positioning to reach 2B-10 objectives by the end of 2016.

Beazer Homes USA Announces Management Changes

The Board of Directors of Beazer Homes USA Inc. announced that Brian C. Beazer will step down as Non-Executive Chairman of its Board of Directors in February 2015, and will be succeeded by Stephen P. Zelnak, Jr., a current member of the Beazer Homes Board of Directors. At the unanimous request of the company's Board members, Mr. Beazer, who has served in the role of Non-Executive Chairman since the Company's IPO in 1994, will be standing for re-election to the Board of Directors at the Company's annual meeting of stockholders scheduled for February 4, 2015. If elected, Mr. Beazer has agreed to serve as a Director and as Chairman Emeritus. Mr. Zelnak is Chairman and majority owner of ZP Enterprises. Mr. Zelnak is the former Non-Executive Chairman of Martin Marietta Materials Inc. and served as its Chief Executive Officer from 1993 to 2009. He continues to serve as a Director for Martin Marietta. He brings over 30 years of experience as a senior executive in the building materials industry and an educational background that includes business administration, organizational behavior and finance.

Beazer Homes USA Inc. Presents at UBS Building and Building Products Annual CEO Conference 2014, Nov-13-2014 11:15 AM

Beazer Homes USA Inc. Presents at UBS Building and Building Products Annual CEO Conference 2014, Nov-13-2014 11:15 AM. Venue: UBS Offices, 1285 6th Avenue, New York, United States. Speakers: Allan P. Merrill, Chief Executive Officer, President and Director.

Beazer Homes USA Inc. to Report Q4, 2014 Results on Nov 12, 2014

Beazer Homes USA Inc. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Nov 12, 2014

Beazer Homes USA Inc., Q4 2014 Earnings Call, Nov 12, 2014

Beazer Homes USA Inc., Q4 2014 Earnings Call, Nov 12, 2014

 

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Company Last Change
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M/I Homes Inc $22.92 USD -0.21
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