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Beazer Homes USA Q1 Earnings Call Highlights
['Max Byerly']
Ticker Report
Beazer generated homebuilding revenue of $359.7 million, with 700 closings at an average selling price (ASP) of $514,000.
Execution of the planned $150 million of land sales, which management said has good visibility and should generate a double-digit EBITDA margin in aggregate.
In Q&A, management said the repurchase plan is not contingent on the timing of the land sales, though it will be executed over time.
About Beazer Homes USA (NYSE:BZH)Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes.
The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities.