What is Beazer Homes USA's latest dividend and current dividend yield?

What is the market's earnings forecast for Beazer Homes USA next quarter?

What were the key takeaways from Beazer Homes USA's earnings call?

What factors drove the changes in Beazer Homes USA's revenue and profit?

What does Beazer Homes USA do and what are its main business segments?

What guidance did Beazer Homes USA's management provide for the next earnings period?

What were the key takeaways from Beazer Homes USA’s earnings call?

What is the revenue and EPS growth rate for Beazer Homes USA year over year?

- **Community expansion and cost efficiency**: 14% community count growth, $10,000 per home cost savings, and $63M asset sales for reinvestment.
- **Financial resilience**: Q4 2025 EBITDA of $64M, 17.2% gross margin, and 2026 targets of 5-10% closings growth and 3-point margin improvement.
- **Energy-efficient homes strategy**: 48 new Zero Energy Ready communities, reducing mortgage and utility costs by $3,000/year for buyers.
- **Texas market recovery**: Q4 2025 sales pace improvement to 1.8, with cautious optimism for 2026 wage growth-driven affordability.
- **Shareholder value**: $1.5M shares repurchased in 2025, $100M+ land sales expected in 2026, and $84M energy tax credits protection via rights agreement.

**【CEO Summary Section】**
- Fiscal 2025 highlights: 14% increase in average active community count to 164, net debt to net cap below 40%, and book value per share growth to $43.
- Operational responses: $10,000 per home cost savings from rebidding, $12M annual workforce reduction, and $63M asset sales for capital reinvestment.
- Strategic focus: Energy-efficient homes (Zero Energy Ready) with 48 new communities launched since April, targeting 200+ communities by 2027.
- Texas market improvement: Sales pace in Texas rose to 1.8 in Q4, up from 1.3, with ongoing efforts to enhance affordability through lower mortgage rates and utility bills.

**【CFO Financial Commentary】**
- Q4 2025 results: 1,400 closings, 17.2% gross margin, $64M adjusted EBITDA, and $1.02 diluted EPS.
- Q1 2026 guidance: 900 orders, 800 closings, 16% gross margin, and net loss of $0.50 per share.
- Full year 2026 targets: 5-10% closings growth, 3-point margin improvement (via cost savings, mix shift, and new community contributions), and $100M+ land sales.
- Balance sheet: $540M liquidity, $215M unrestricted cash, and no maturities until 2027.
- Share buybacks: Repurchased 1.5M shares in 2025, expecting similar pace in 2026.

**【Q&A Highlights】**
- **Gross margin improvement timing**: CFO expects 3-point improvement by Q4 2026, driven by cost savings ($10,000 per home), mix shift away from lower-priced communities, and new community contributions (200+ basis points margin advantage).
- **Land costs impact**: CEO notes new communities launched since April have higher per lot costs but maintain margin through ASP growth and product differentiation.
- **Texas market outlook**: CEO cautious on 2026 recovery, with Q1 2026 closings expected to remain below 2.0 but monitoring wage growth and affordability trends.
- **Deferred tax assets (DTAs)**: $84M related to energy credits, expected to grow through 2026; rights agreement to protect $140M DTAs contingent on shareholder approval.
- **Spec homes strategy**: CFO anticipates 75% spec sales in Q1 2026, with gradual shift to to-be-built as market improves, targeting 60-40 mix long-term.


BZH

BZH fundamentals

You can ask Aime