Beazer Homes Reports Q2 Earnings Surpass Expectations Amid Profit Decline
Beazer Homes Reports Q2 Earnings Surpass Expectations Amid Profit Decline

Beazer Homes Reports Q2 Earnings Surpass Expectations Amid Profit Decline

News summary

Beazer Homes reported second quarter fiscal 2025 results that showed revenue growth but a sharp decline in profitability due to ongoing housing market challenges and higher expenses. The company’s adjusted earnings per share of $0.42 beat analyst expectations, though net income fell significantly year-over-year to $12.8 million. While home closings and community count increased, new home orders and sales pace declined, reflecting weaker demand and macroeconomic headwinds. Gross margins compressed and SG&A expenses rose, leading to a notable drop in operating income and EBITDA. In response, Beazer announced a new $100 million share repurchase authorization and adjusted its multi-year goals, including deferring targets for community count growth and deleveraging. Despite current headwinds, management remains optimistic about long-term demand for new homes and is focused on shareholder value through capital allocation and strategic initiatives.

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