Aankondiging • 13h
Donerail Applauds Beazer Homes Board for Value-Maximizing Transaction On August 10, 2026, The Donerail Group issued a statement commending the Board of Directors of Beazer Homes USA, Inc. for entering into a definitive agreement to be acquired by Dream Finders Homes, Inc. (DFH) in an all-cash transaction valued at $33.50 per share. In its statement, Donerail congratulated Allan Merrill and the entire Beazer Board and management team on the announcement, describing it as a terrific outcome for stockholders. Donerail credited the Board and management for clearly acting in the best interests of stockholders and delivering this result, noting that completing a transaction of this size and complexity at a compelling all-cash price in a challenging housing market was no small achievement. Donerail emphasized that this accomplishment reflected positively on the Board and management’s judgment and their focus on stockholder value. The $33.50 per share price was highlighted as representing an approximately 78% premium to Beazer’s undisturbed share price of $18.77 on May 8, 2026. Donerail also expressed gratitude to Allan Merrill and the entire Beazer team for their engagement throughout the process and congratulated them on a transaction believed to deliver compelling value for all Beazer stockholders. Reported Earnings • Aug 09
Third quarter 2026 earnings released: US$0.16 loss per share (vs US$0.011 loss in 3Q 2025) Third quarter 2026 results: US$0.16 loss per share (further deteriorated from US$0.011 loss in 3Q 2025). Revenue: US$516.3m (down 5.3% from 3Q 2025). Net loss: US$4.23m (loss widened US$3.90m from 3Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 21% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Aankondiging • Jul 21
Beazer Homes USA, Inc. to Report Nine Months, 2026 Results on Aug 10, 2026 Beazer Homes USA, Inc. announced that they will report nine months, 2026 results on Aug 10, 2026 Aankondiging • Jul 09
The Donerail Group Issues an Open Letter to Beazer’s Board of Directors On July 9, 2026, The Donerail Group issued an open letter to Beazer Homes USA, Inc.’s board of directors regarding Dream Finders Homes, Inc.'s revised unsolicited proposal to acquire the Company for $32.00 per share in cash, and urged the Board to engage with Dream Finders and other bona fide prospective acquirors, provide appropriate diligence access, and pursue a competitive strategic process that it believes would maximize value for stockholders. In addition, Donerail stated that the situation has fundamentally shifted following the revised offer and additional reported interest from other parties, and believes rejecting these overtures is no longer warranted, and argued that the $32.00 per share offer represents an attractive premium and that the Board’s fiduciary obligations require serious consideration, good-faith negotiations, and access to confidential information for credible potential acquirors. Further, Donerail expressed support for an all-cash transaction at or above the revised offer, citing macro uncertainty, concerns about near- to medium-term earnings growth, and the opportunity to realize value from the Company’s land and lot position. Furthermore, Donerail encouraged a competitive process to establish market value for Company’s embedded real estate assets, criticized the lack of a bespoke confidentiality and standstill arrangement for DFH, suggested governance accommodations including a possible extension of the director nomination deadline, and emphasized its expectation that the Board devote its full effort to converting credible acquisition interest into a transaction that maximizes value for all stockholders. Aankondiging • May 12
Dream Finders Homes, Inc. (NYSE:DFH) cancelled the acquisition of Beazer Homes USA, Inc. (NYSE:BZH) for approximately $730 million. Dream Finders Homes, Inc. (NYSE:DFH) proposed to acquire Beazer Homes USA, Inc. (NYSE:BZH) for approximately $730 million on May 5, 2026. A cash consideration valued at $25.75 per share will be paid by Dream Finders Homes, Inc. Kennedy Lewis has provided Dream Finders with a highly confident letter in connection with land bank financing related to the proposed transaction. Dream Finders has also obtained letters from Goldman Sachs & Co. LLC and BofA Securities stating that they are highly confident that financing for the transaction can be arranged in the capital markets.
The transaction is subject to consummation of due diligence investigation and definitive agreement. The deal has been approved by Dream Finders Homes, Inc. board.
Goldman Sachs & Co. LLC acted as financial advisor for Dream Finders Homes, Inc. BofA Merrill Lynch International Limited acted as financial advisor for Dream Finders Homes, Inc. Zelman & Associates LLC, Investment Banking arm acted as financial advisor for Dream Finders Homes, Inc. Vestra Advisors LLC acted as financial advisor for Dream Finders Homes, Inc. Foley & Lardner LLP acted as legal advisor and Edelman Smithfield acting as strategic communications advisor for Dream Finders Homes, Inc. J.P. Morgan Securities LLC acted as financial advisor to Beazer Homes USA, Inc. Moelis & Company LLC acted as financial advisor to Beazer Homes USA, Inc. King & Spalding LLP acted as legal advisor to Beazer Homes USA, Inc. Collected Strategies is serving as strategic communications advisor.
Dream Finders Homes, Inc. (NYSE:DFH) cancelled the acquisition of Beazer Homes USA, Inc. (NYSE:BZH) on May 11, 2026. The board of directors of Beazer Homes USA, Inc. with the assistance of its financial and legal advisors, has evaluated and rejected the unsolicited, non-binding proposals from Dream Finders Homes, Inc. The Beazer Board determined that they significantly undervalued the Company, were not in the best interests of Beazer shareholders and did not establish an appropriate basis for discussions. Aankondiging • May 11
Dream Finders Homes, Inc. (NYSE:DFH) proposed to acquire Beazer Homes USA, Inc. (NYSE:BZH) for approximately $730 million. Dream Finders Homes, Inc. (NYSE:DFH) proposed to acquire Beazer Homes USA, Inc. (NYSE:BZH) for approximately $730 million on May 5, 2026. A cash consideration valued at $25.75 per share will be paid by Dream Finders Homes, Inc. Kennedy Lewis has provided Dream Finders with a highly confident letter in connection with land bank financing related to the proposed transaction. Dream Finders has also obtained letters from Goldman Sachs & Co. LLC and BofA Securities stating that they are highly confident that financing for the transaction can be arranged in the capital markets.
The transaction is subject to consummation of due diligence investigation and definitive agreement. The deal has been approved by Dream Finders Homes, Inc. board.
Goldman Sachs & Co. LLC acted as financial advisor for Dream Finders Homes, Inc. BofA Merrill Lynch International Limited acted as financial advisor for Dream Finders Homes, Inc. Zelman & Associates LLC, Investment Banking arm acted as financial advisor for Dream Finders Homes, Inc. Vestra Advisors LLC acted as financial advisor for Dream Finders Homes, Inc. Foley & Lardner LLP acted as legal advisor and Edelman Smithfield acting as strategic communications advisor for Dream Finders Homes, Inc. Aankondiging • Apr 14
Beazer Homes USA, Inc. to Report Q2, 2026 Results on Apr 30, 2026 Beazer Homes USA, Inc. announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 30, 2026 Aankondiging • Jan 15
Beazer Homes USA, Inc. to Report Q1, 2026 Results on Jan 29, 2026 Beazer Homes USA, Inc. announced that they will report Q1, 2026 results After-Market on Jan 29, 2026 Aankondiging • Dec 11
Beazer Homes USA, Inc., Annual General Meeting, Feb 05, 2026 Beazer Homes USA, Inc., Annual General Meeting, Feb 05, 2026. Location: hyatt regency atlanta, perimeter at villa christina, 4000 summit boulevard, atlanta, georgia 30319, United States Aankondiging • Dec 10
Beazer Homes Usa, Inc. Announces Board Changes Beazer Homes USA, Inc. announced the appointment of Howard Heckes as a new independent member of the Board of Directors. Mr. Heckes is an established leader in the building materials and services industry, most recently serving as Chief Executive Officer of Masonite International, a top global designer, manufacturer, marketer and distributor of doors and door solutions. Prior to Masonite, he was Chief Executive Officer of Energy Management Collaborative, an LED lighting and controls provider, and held various leadership roles at The Valspar Corporation and Newell Brands. Mr. Heckes is currently a member of the board of directors of James Hardie Industries plc and privately-held Airtron Heating & Air Conditioning. In addition to Mr. Heckes’ appointment, the Company also announced that Danny Shepherd is retiring from the Board and will not stand for re-election at the 2026 Annual Meeting of Stockholders. Mr. Shepherd’s retirement and Mr. Heckes’ appointment are part of the Company’s ongoing director refreshment efforts in which three independent directors have retired, and four new independent directors have been appointed to the Board in the past two years. Aankondiging • Oct 16
Beazer Homes USA, Inc. to Report Q4, 2025 Results on Nov 13, 2025 Beazer Homes USA, Inc. announced that they will report Q4, 2025 results After-Market on Nov 13, 2025 Aankondiging • Jul 10
Beazer Homes USA, Inc. to Report Q3, 2025 Results on Jul 31, 2025 Beazer Homes USA, Inc. announced that they will report Q3, 2025 results After-Market on Jul 31, 2025 Aankondiging • May 02
Beazer Homes USA, Inc. (NYSE:BZH) announces an Equity Buyback for $100 million worth of its shares. Beazer Homes USA, Inc. (NYSE:BZH) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its common shares. Aankondiging • Apr 15
Beazer Homes USA, Inc. to Report Q2, 2025 Results on May 01, 2025 Beazer Homes USA, Inc. announced that they will report Q2, 2025 results After-Market on May 01, 2025 Aankondiging • Jan 15
Beazer Homes USA, Inc. to Report Q1, 2025 Results on Jan 30, 2025 Beazer Homes USA, Inc. announced that they will report Q1, 2025 results After-Market on Jan 30, 2025 Aankondiging • Jan 11
Beazer Homes and Green Builder Media Announces the Launch of VISION House Las Vegas at IBS/KBIS 2025 Beazer Homes and Green Builder Media have partnered to build three show homes, which will be available for tours throughout IBS/KBIS 2025, February 24–28. (The models are located in Henderson, Nev., and are open seven days a week. Hours are from 10 am–6 pm all days except for, which is 1–6 pm.) Come experience in person how production home building has crossed the Rubicon to fabulous market-rate homes built to the country’s most respected energy-efficiency building standard while delivering the design today’s home buyers expect. Some Additional Background and Details: The VISION House Las Vegas houses at the Aria Crossing Neighborhood in the Cadence master-planned community in Henderson, Nev., feature one baseline model, one upgrade model, and one deconstructed home, wh ich will showcase behind-the-wall systems. The homes spotlight net zero, electrification, energy and water efficiency, healthy home, solar + storage, resiliency, and cost-effectiveness. The ZERH program requires homes to be ENERGY STAR certified and Indoor airPLUS qualified, ensuring energy efficiency and healthy indoor air quality. ZERH certified homes must also have water efficiency features and a renewable energy-ready design. To meet the ZERH requirements, the VISION House Las Vegas homes will feature: Westlake Royal Building Solutions resilient and energy-efficient concrete tile roofing. Cultured Stone manufactured stone on the exterior. Greenfiber blown-in cellulose insulation. DuPont housewrap and weather barriers. Rheem electric hybrid water heaters. Whirlpool ENERGY STAR appliances, including induction cooktops and heat pump dryers. Residio smart thermostat and controls. Sunnova solar array on all of the homes, with battery storage and an EV charger in the upgraded model. SPAN smart electrical panels to optimize demand-side energy management. Windsor Doors recycled steel garage doors. Mohawk sustainable carpet and super-durable, non-PVC, recyclable PureTech flooring. DalTile ceramic and porcelain tile and anti-microbial quartz countertops. Organized Living storage solutions for closets and pantries. LiftMaster connected garage opening systems. Broan indoor air quality systems with ERVs to keep indoor air fresh. Sherwin-Williams low VOC and non-toxic paints and stains. Moen low-flow plumbing fixtures, leak detection, water monitoring systems, and water filtration systems. Aankondiging • Dec 23
Beazer Homes USA, Inc., Annual General Meeting, Feb 06, 2025 Beazer Homes USA, Inc., Annual General Meeting, Feb 06, 2025. Location: hyatt regency atlanta perimeter, at villa christina, 4000 summit boulevard, georgia 30319, atlanta, United States Reported Earnings • Nov 15
Full year 2024 earnings released: EPS: US$4.59 (vs US$5.23 in FY 2023) Full year 2024 results: EPS: US$4.59 (down from US$5.23 in FY 2023). Revenue: US$2.33b (up 5.6% from FY 2023). Net income: US$140.2m (down 12% from FY 2023). Profit margin: 6.0% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €34.80, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Consumer Durables industry in Europe. Total returns to shareholders of 76% over the past three years. Recent Insider Transactions • Nov 15
Senior VP & CFO recently sold €183k worth of stock On the 12th of November, David Goldberg sold around 6k shares on-market at roughly €30.22 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Aankondiging • Oct 23
Beazer Homes USA, Inc. to Report Q4, 2024 Results on Nov 13, 2024 Beazer Homes USA, Inc. announced that they will report Q4, 2024 results After-Market on Nov 13, 2024 New Risk • Aug 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Reported Earnings • Aug 02
Third quarter 2024 earnings released: EPS: US$0.89 (vs US$1.44 in 3Q 2023) Third quarter 2024 results: EPS: US$0.89 (down from US$1.44 in 3Q 2023). Revenue: US$595.7m (up 4.0% from 3Q 2023). Net income: US$27.2m (down 38% from 3Q 2023). Profit margin: 4.6% (down from 7.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €27.80, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Consumer Durables industry in Europe. Total returns to shareholders of 99% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.35 per share. Aankondiging • Jul 09
Beazer Homes USA, Inc. to Report Q3, 2024 Results on Aug 01, 2024 Beazer Homes USA, Inc. announced that they will report Q3, 2024 results After-Market on Aug 01, 2024 Reported Earnings • May 02
Second quarter 2024 earnings released: EPS: US$1.27 (vs US$1.14 in 2Q 2023) Second quarter 2024 results: EPS: US$1.27 (up from US$1.14 in 2Q 2023). Revenue: US$541.5m (flat on 2Q 2023). Net income: US$39.2m (up 13% from 2Q 2023). Profit margin: 7.2% (up from 6.4% in 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 10
Beazer Homes USA, Inc. to Report Q2, 2024 Results on May 01, 2024 Beazer Homes USA, Inc. announced that they will report Q2, 2024 results After-Market on May 01, 2024 Aankondiging • Feb 22
HW Holdco, LLC acquired Builder Digital Experience, Inc. from Lennar Corporation (NYSE:LEN), PulteGroup, Inc. (NYSE:PHM), KB Home (NYSE:KBH), Beazer Homes USA, Inc. (NYSE:BZH) and others. HW Holdco, LLC acquired Builder Digital Experience, Inc. from Lennar Corporation (NYSE:LEN), PulteGroup, Inc. (NYSE:PHM), KB Home (NYSE:KBH), Beazer Homes USA, Inc. (NYSE:BZH) and others on February 21, 2024. Vestra Advisors, LLC is acting as exclusive financial advisor to Builders Digital Experience (BDX) and Morrison & Foerster LLP is acting as BDX’s legal advisor. Gibson, Dunn & Crutcher LLP is acting as Zonda’s legal advisor.HW Holdco, LLC completed the acquisition of Builder Digital Experience, Inc. from Lennar Corporation (NYSE:LEN), PulteGroup, Inc. (NYSE:PHM), KB Home (NYSE:KBH), Beazer Homes USA, Inc. (NYSE:BZH) and others on February 21, 2024. Reported Earnings • Feb 02
First quarter 2024 earnings released: EPS: US$0.71 (vs US$0.81 in 1Q 2023) First quarter 2024 results: EPS: US$0.71 (down from US$0.81 in 1Q 2023). Revenue: US$386.8m (down 13% from 1Q 2023). Net income: US$21.7m (down 11% from 1Q 2023). Profit margin: 5.6% (up from 5.5% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year. Aankondiging • Jan 12
Beazer Homes USA, Inc. to Report Q1, 2024 Results on Feb 01, 2024 Beazer Homes USA, Inc. announced that they will report Q1, 2024 results After-Market on Feb 01, 2024 New Risk • Nov 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Reported Earnings • Nov 19
Full year 2023 earnings released: EPS: US$5.23 (vs US$7.25 in FY 2022) Full year 2023 results: EPS: US$5.23 (down from US$7.25 in FY 2022). Revenue: US$2.21b (down 4.8% from FY 2022). Net income: US$158.7m (down 28% from FY 2022). Profit margin: 7.2% (down from 9.5% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 33% per year. Aankondiging • Nov 12
Beazer Homes USA, Inc. Announces Board Changes On November 7, 2023, Beazer Homes USA, Inc. announced that Elizabeth Acton and David Spitz will retire from the Company’s Board of Directors, effective as of the Company’s next annual meeting of stockholders. The decisions by Ms. Acton and Mr. Spitz to retire from the Board were not the result of any disagreement with the Company on any matter regarding the Company’s operations, policies or practices. In connection with Ms. Acton’s and Mr. Spitz’s retirements from the Board, June Sauvaget and Alyssa Steele have been appointed to the Board, effective as of January 1, 2024. The committee assignments for Mses. Sauvaget and Steele have not been determined at the time of this filing. The Board has determined that Mses. Sauvaget and Steele are “independent” under the New York Stock Exchange listing standards and the Company’s Corporate Governance Guidelines. New Risk • Nov 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (67% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €26.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total returns to shareholders of 124% over the past three years. Aankondiging • Oct 27
Beazer Homes USA, Inc. to Report Q4, 2023 Results on Nov 16, 2023 Beazer Homes USA, Inc. announced that they will report Q4, 2023 results After-Market on Nov 16, 2023 Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €31.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total returns to shareholders of 239% over the past three years. Reported Earnings • Jul 28
Third quarter 2023 earnings released: EPS: US$1.44 (vs US$1.78 in 3Q 2022) Third quarter 2023 results: EPS: US$1.44 (down from US$1.78 in 3Q 2022). Revenue: US$572.5m (up 8.7% from 3Q 2022). Net income: US$43.8m (down 19% from 3Q 2022). Profit margin: 7.7% (down from 10% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 07
Beazer Homes USA, Inc. to Report Q3, 2023 Results on Jul 27, 2023 Beazer Homes USA, Inc. announced that they will report Q3, 2023 results After-Market on Jul 27, 2023 New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €25.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Total returns to shareholders of 184% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €17.90, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total returns to shareholders of 178% over the past three years. Reported Earnings • Apr 30
Second quarter 2023 earnings released: EPS: US$1.14 (vs US$1.46 in 2Q 2022) Second quarter 2023 results: EPS: US$1.14 (down from US$1.46 in 2Q 2022). Revenue: US$543.9m (up 7.0% from 2Q 2022). Net income: US$34.7m (down 22% from 2Q 2022). Profit margin: 6.4% (down from 8.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 05
Now 21% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be €18.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 9.1% in a year. Earnings is forecast to decline by 45% in the next year. Buying Opportunity • Feb 07
Now 22% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be €18.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 9.1% in a year. Earnings is forecast to decline by 45% in the next year. Reported Earnings • Feb 05
First quarter 2023 earnings released: EPS: US$0.81 (vs US$1.15 in 1Q 2022) First quarter 2023 results: EPS: US$0.81 (down from US$1.15 in 1Q 2022). Revenue: US$444.9m (down 2.0% from 1Q 2022). Net income: US$24.4m (down 30% from 1Q 2022). Profit margin: 5.5% (down from 7.7% in 1Q 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 11
Beazer Homes USA, Inc. to Report Q1, 2023 Results on Feb 02, 2023 Beazer Homes USA, Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 02, 2023 Aankondiging • Dec 22
Beazer Homes USA, Inc., Annual General Meeting, Feb 09, 2023 Beazer Homes USA, Inc., Annual General Meeting, Feb 09, 2023, at 08:30 US Eastern Standard Time. Location: Villa Christina 4000 Summit Boulevard Atlanta Georgia United States Agenda: To consider election of directors; to consider ratification of appointment of Deloitte & Touche LLP as the Company's independent auditors; to approve an advisory vote on the compensation of the Company's named executive officers; to approve an advisory vote on the frequency of stockholder advisory vote regarding the compensation of the Company's named executive officers; and to consider such other business issues. Reported Earnings • Nov 16
Full year 2022 earnings released: EPS: US$7.25 (vs US$4.08 in FY 2021) Full year 2022 results: EPS: US$7.25 (up from US$4.08 in FY 2021). Revenue: US$2.32b (up 8.3% from FY 2021). Net income: US$220.7m (up 81% from FY 2021). Profit margin: 9.5% (up from 5.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.7% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 5.0%. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Lloyd Johnson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Full year 2022 earnings released: EPS: US$7.25 (vs US$4.08 in FY 2021) Full year 2022 results: EPS: US$7.25 (up from US$4.08 in FY 2021). Revenue: US$2.32b (up 8.3% from FY 2021). Net income: US$220.7m (up 81% from FY 2021). Profit margin: 9.5% (up from 5.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.4% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • Oct 21
Beazer Homes USA, Inc. to Report Q4, 2022 Results on Nov 10, 2022 Beazer Homes USA, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 10, 2022 Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €13.00, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 8x in the Consumer Durables industry in Germany. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €21.10 per share. Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Lloyd Johnson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Aug 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.8%. The fair value is estimated to be €17.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 8.1% in 2 years. Earnings is forecast to decline by 1.0% in the next 2 years. Reported Earnings • Jul 30
Third quarter 2022 earnings released: EPS: US$1.78 (vs US$1.24 in 3Q 2021) Third quarter 2022 results: EPS: US$1.78 (up from US$1.24 in 3Q 2021). Revenue: US$526.7m (down 7.8% from 3Q 2021). Net income: US$54.3m (up 46% from 3Q 2021). Profit margin: 10% (up from 6.5% in 3Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 9.1%, compared to a 3.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 29
Beazer Homes USA, Inc. Provides Earnings Guidance for the Full Year 2022 Beazer Homes USA, Inc. provided earnings guidance for the full year 2022. Despite near-term pressures on new home sales, the size of backlog provides excellent visibility into full year financial results. Accordingly, the company now expects to generate fiscal year 2022 earnings per share of approximately $6.50, inclusive of previously disclosed tax benefits of approximately $0.40 per share. Aankondiging • Jul 08
Beazer Homes USA, Inc. to Report Q3, 2022 Results on Jul 28, 2022 Beazer Homes USA, Inc. announced that they will report Q3, 2022 results After-Market on Jul 28, 2022 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €12.70, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 10x in the Consumer Durables industry in Germany. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.34 per share. Reported Earnings • Apr 30
Second quarter 2022 earnings released: EPS: US$1.46 (vs US$0.82 in 2Q 2021) Second quarter 2022 results: EPS: US$1.46 (up from US$0.82 in 2Q 2021). Revenue: US$508.5m (down 7.5% from 2Q 2021). Net income: US$44.7m (up 81% from 2Q 2021). Profit margin: 8.8% (up from 4.5% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 15%, compared to a 8.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 01
Beazer Homes USA, Inc. to Report Q2, 2022 Results on Apr 28, 2022 Beazer Homes USA, Inc. announced that they will report Q2, 2022 results After-Market on Apr 28, 2022 Aankondiging • Jan 30
Beazer Homes USA, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2022 Beazer Homes USA, Inc. provided earnings guidance for the second quarter and full year 2022. For the quarter, the company expects average monthly sales pace in the low-3s as the company manage the current production environment with a focus on profitability. The company also expect earnings per share to be up double-digits versus the same period last year.For the full year, the company expects to exceed $5 in earnings. Reported Earnings • Jan 28
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: US$1.15 (up from US$0.40 in 1Q 2021). Revenue: US$454.1m (up 6.0% from 1Q 2021). Net income: US$34.9m (up 190% from 1Q 2021). Profit margin: 7.7% (up from 2.8% in 1Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 7.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 16% share price gain to €20.00, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.35 per share. Reported Earnings • Nov 12
Full year 2021 earnings released: EPS US$4.08 (vs US$1.80 in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: US$2.14b (flat on FY 2020). Net income: US$122.2m (up 129% from FY 2020). Profit margin: 5.7% (up from 2.5% in FY 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Lloyd Johnson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 18% share price gain to US$20.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Total returns to shareholders of 50% over the past three years. Reported Earnings • May 02
Second quarter 2021 earnings released: EPS US$0.82 (vs US$0.35 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$549.9m (up 12% from 2Q 2020). Net income: US$24.6m (up 132% from 2Q 2020). Profit margin: 4.5% (up from 2.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 12
New 90-day high: €17.80 The company is up 45% from its price of €12.30 on 11 December 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.47 per share. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improved over the past week After last week's 23% share price gain to US$17.80, the stock is trading at a trailing P/E ratio of 10.1x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 28x in the Consumer Durables industry in Germany. Total returns to shareholders over the past three years are 38%. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 17% share price gain to US$16.20, the stock is trading at a trailing P/E ratio of 9.4x, up from the previous P/E ratio of 8x. This compares to an average P/E of 27x in the Consumer Durables industry in Germany. Total returns to shareholders over the past three years are 27%. Aankondiging • Feb 05
Beazer Homes USA, Inc. Announces Retirement of Laurent Alpert Retired from the Board Beazer Homes USA, Inc. announced that Laurent Alpert retired from the Board. Executive Departure • Feb 05
Independent Director has left the company On the 3rd of February, Laurent Alpert's tenure as Independent Director ended after 19.0 years in the role. We don't have any record of a personal shareholding under Laurent's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Jan 30
First quarter 2021 earnings released: EPS US$0.40 (vs US$0.094 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$428.5m (up 2.6% from 1Q 2020). Net income: US$12.0m (up 329% from 1Q 2020). Profit margin: 2.8% (up from 0.7% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to stay flat compared to a 6.9% growth forecast for the Consumer Durables industry in Germany. Is New 90 Day High Low • Jan 22
New 90-day high: €14.90 The company is up 35% from its price of €11.00 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.09 per share. Aankondiging • Jan 08
Beazer Homes USA, Inc. to Report Q1, 2021 Results on Jan 28, 2021 Beazer Homes USA, Inc. announced that they will report Q1, 2021 results After-Market on Jan 28, 2021 Is New 90 Day High Low • Dec 24
New 90-day high: €13.20 The company is up 23% from its price of €10.70 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.49 per share. Aankondiging • Dec 19
Beazer Homes USA, Inc., Annual General Meeting, Feb 03, 2021 Beazer Homes USA, Inc., Annual General Meeting, Feb 03, 2021, at 08:30 US Eastern Standard Time. Location: 1000 abernathy road, ne suite 260 Atlanta United States Agenda: To consider election of directors; to consider ratification of appointment of independent auditors; and to consider approval of executive compensation. Recent Insider Transactions • Dec 09
Insider recently sold €254k worth of stock On the 8th of December, Robert Salomon sold around 20k shares on-market at roughly €12.70 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.1m more than they bought in the last 12 months. Is New 90 Day High Low • Nov 24
New 90-day high: €12.40 The company is up 17% from its price of €10.60 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 11% over the same period. Aankondiging • Nov 21
Beazer Homes USA, Inc. Announces Retirement of Robert L. Salomon as Executive Vice President Beazer Homes USA, Inc. announced that on November 20, 2020, Robert L. Salomon retired as Executive Vice President of the company. Recent Insider Transactions • Nov 20
Independent Director recently bought €70k worth of stock On the 17th of November, C. Winkle bought around 6k shares on-market at roughly €11.81 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.9m more in shares than they bought in the last 12 months. Reported Earnings • Nov 14
Full year 2020 earnings released: EPS US$1.80 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$2.13b (up 1.9% from FY 2019). Net income: US$53.3m (up US$132.7m from FY 2019). Profit margin: 2.5% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue beats expectations Revenue exceeded analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 4.1%, compared to a 4.0% growth forecast for the Consumer Durables industry in Germany. Is New 90 Day High Low • Oct 10
New 90-day high: €12.20 The company is up 44% from its price of €8.50 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period. Aankondiging • Sep 26
Beazer Homes Announces New Master-Plan to Sacramento, Calif Beazer Homes announced The Cove, an 80-acre master-plan community currently under development in Sacramento, Calif. Providing an amenity-rich lifestyle, The Cove features four distinct neighborhoods, each with architectural highlights and intelligent design. This exciting new location will be home to 590 residences, offering single-family and trendy townhome living. Homes will range from 1,567 to 3,024 square feet with three to five bedrooms, up to 3.5 baths, and two-car garages, perfect for all stages of life. Residents will have access to Cornerstone, an exclusive clubhouse with fitness, multi-purpose lounge, an outside living area with fireplace, pool and spa connected by walking and bike trails in and around the community. Adjacent to Cornerstone will be a public neighborhood park with play area, covered seating and a half-court basketball court. With its convenient location just three miles from downtown Sacramento and close proximity to I-80 and I-5, The Cove is a perfect place to call home for working professionals, families and retirees wanting to experience a more relaxed living environment without sacrificing convenience and amenities. Is New 90 Day High Low • Sep 24
New 90-day high: €11.10 The company is up 34% from its price of €8.30 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 16% over the same period. Aankondiging • Jul 17
Beazer Homes USA, Inc. to Report Q3, 2020 Results on Jul 30, 2020 Beazer Homes USA, Inc. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Jul 30, 2020 
