Quarterly ResultApr 30, 2026, 04:30 PM
BZH Q2 Net Loss $0.9M, Revenue $397.7M (-28.5%); $30M Buyback
AI Summary
Beazer Homes reported a net loss of $0.9 million for the second fiscal quarter of 2026, a significant decline from a net income of $12.8 million in the prior year. Homebuilding revenue decreased by 28.5% to $397.7 million, primarily due to fewer home closings. Despite macroeconomic headwinds, the company repurchased $30.0 million of its common stock and increased its revolving credit facility to $525.0 million, while management remains cautious about near-term demand due to rising mortgage rates.
Key Highlights
- Net loss: $0.9 million (vs. $12.8 million net income in Q2 2025).
- Diluted loss per share: $0.03 (vs. $0.42 diluted EPS in Q2 2025).
- Homebuilding revenue: $397.7 million, down 28.5% YoY.
- Adjusted EBITDA: $2.6 million, down 93.4% YoY.
- Repurchased $30.0 million of common stock (1.2 million shares).
- Home closings: 757, a 29.8% decrease YoY.
- Homebuilding gross margin: 12.0%, down 310 basis points YoY.
- Total liquidity: $401.1 million; revolving credit facility increased to $525.0 million.