Beazer Homes Reports Strong Fiscal 2024 Results
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Beazer Homes Reports Strong Fiscal 2024 Results

Beazer Homes USA ( (BZH) ) has released its Q4 earnings. Here is a breakdown of the information Beazer Homes USA presented to its investors.

Beazer Homes USA, Inc., headquartered in Atlanta, is one of the largest homebuilders in the United States, known for offering energy-efficient homes across multiple states and providing customers with personalized home design options through its Choice Plans™.

In its latest earnings report for the fourth quarter and full fiscal year 2024, Beazer Homes announced strong financial performance despite a challenging market environment. The company reported an increase in active communities, which contributed to revenue growth. For the fiscal year, Beazer Homes achieved $243.4 million in Adjusted EBITDA and $140.2 million in net income.

Key financial highlights for the fiscal year included an increase in homebuilding revenue by 4.3% to $2.29 billion due to a rise in home closings. However, net income from continuing operations decreased compared to the previous year, and the company noted a slight decline in average selling price. Beazer Homes also made significant strides in land acquisition and development, with a 35.5% increase in spending, and improved its liquidity position.

Despite higher mortgage rates, Beazer Homes saw a significant increase in sales, driven by a larger community count and improved sales pace. The company’s commitment to sustainability was highlighted by its recognition for building the most Zero Energy Ready homes, reflecting its focus on energy efficiency.

Looking forward, Beazer Homes anticipates further growth in revenue for fiscal 2025 through continued expansion of its community count and expects to maintain a double-digit return on capital employed. The company remains optimistic about achieving its long-term goals, leveraging its experienced team and robust financial strategy to enhance shareholder value.

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