Beazer Homes USA Inc
NYSE:BZH
Beazer Homes USA Inc
Beazer Homes USA, Inc. engages in the design and sale of single-family and multi-family homes. The company is headquartered in Atlanta, Georgia and currently employs 1,052 full-time employees. The company has operations in 13 states within three geographic regions in the United States. Its segments include West, East and Southeast. Its west segment includes Arizona, California, Nevada, and Texas. Its East segment includes Delaware, Indiana, Maryland, New Jersey, Tennessee, and Virginia. Its Southeast segment includes Florida, Georgia, North Carolina, and South Carolina. The company uses its digital and traditional marketing vehicles and other promotional activities, including its Website www.beazer.com, real estate listing sites, digital advertising including search engine marketing and display advertising, social media, video, brochures, direct marketing, and out-of-home advertising including billboards and signage located in the areas of its developments, as well as additional activities. The firm builds, decorates, furnishes, and landscapes model homes for each community it builds and maintain on-site sales offices.
Beazer Homes USA, Inc. engages in the design and sale of single-family and multi-family homes. The company is headquartered in Atlanta, Georgia and currently employs 1,052 full-time employees. The company has operations in 13 states within three geographic regions in the United States. Its segments include West, East and Southeast. Its west segment includes Arizona, California, Nevada, and Texas. Its East segment includes Delaware, Indiana, Maryland, New Jersey, Tennessee, and Virginia. Its Southeast segment includes Florida, Georgia, North Carolina, and South Carolina. The company uses its digital and traditional marketing vehicles and other promotional activities, including its Website www.beazer.com, real estate listing sites, digital advertising including search engine marketing and display advertising, social media, video, brochures, direct marketing, and out-of-home advertising including billboards and signage located in the areas of its developments, as well as additional activities. The firm builds, decorates, furnishes, and landscapes model homes for each community it builds and maintain on-site sales offices.
Weak Q1: Beazer Homes started fiscal '26 with soft demand, most metrics at or below expectations, and a seasonally slow first quarter.
Improving Trends: January sales pace rebounded to be in line with the prior year after eight quarters of YoY declines, with better traffic and buyer engagement.
Margin Expansion: Management maintains confidence in 300 bps margin expansion by year-end, driven by $10,000+ per home in cost reductions, positive community mix, and higher-margin new communities.
Solar Initiatives: Solar included homes are rolling out across more communities, with strong buyer interest and higher margins, expected to reach 20% of business by year-end.
Active Share Repurchases: $15M in stock bought back in Q1, $72M remaining in authorization expected to be fully executed this year, aiming to grow book value per share by 5–10%.
Disciplined Land Sales: $150M of land sales targeted to fund share buybacks, improving balance sheet efficiency and supporting shareholder returns.
Guidance Intact: Despite Q1 weakness, the company still has a path to full-year EBITDA and book value per share growth, dependent on stable market conditions and improved sales pace.
