logo
  Join        Login             Stock Quote

Beazer Homes Q4 Loss Widens; Revenue, Orders Up

 November 12, 2012 06:59 AM
 


(By Balachander) Beazer Homes USA Inc.  (NYSE: BZH) posted a wider quarterly loss as a loss on debt extinguishment offset rise in revenue and in new orders.

Net loss from continuing operations was $60.4 million or $2.57 per share for the fourth quarter, compared with a loss of $42.4 million or $2.86 per share in the comparable quarter of the previous year.

Excluding loss on debt extinguishment of $42.4 million, net loss from continuing operations narrowed to $16.3 million from $35.3 million. 

Revenue rose nearly 11 percent to $370.9 million.

Wall Street analysts, on average, expected the company to lose $1.22 per share on revenue of $335.11 million.

[Related -Stocks End Flat On 'Fiscal Cliff' Concerns; Best Buy (BBY) Rises]

Gross profit margin, excluding impairments and abandonments, expanded 190 basis points to 11.8 percent.

Total new orders grew 10.3 percent to 1,110 homes, while total home closing increased 17 percent to 1,608 homes, the Atlanta, Georgia-based company said.

"In 2013, we expect to meaningfully improve our EBITDA, primarily by achieving margin expansion and further improvement in our sales per community metrics," Allan Merrill, President and Chief Executive Officer, said. "While our community count will likely decrease for much of the year, we are actively investing in a substantial number of new communities, which we expect to deliver closings starting in fiscal year 2014."

As of September 30, 2012, total backlog from continuing operations was 1,923 homes with a sales value of $479.1 million, versus 1,450 homes with a sales value of $334.5 million as of September 30, 2011.

[Related -Futures Rise On China Data; Gilead, (GILD), Celgene (CELG) Jump]

BZH closed Friday's regular trading session at $16.64, down 2.12 percent. The stock has been trading in the 52-week range between $3.46 and $20.15.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChipotle Mexican Grill, Inc. (CMG) Q2 Earnings Preview: Will Higher Traffic Offset Higher Costs the Key

Chipotle Mexican Grill, Inc. (NYSE:CMG) will host a conference call to discuss second quarter 2014 read on...

article imageNetflix, Inc. (NFLX) Q2 Earnings Preview: The Ruby Month for a Reason

Netflix, Inc. (NASDAQ:NFLX) will post its second-quarter 2014 financial results and business outlook on its read on...

article imageLadenburg Thalmann Financial Services (NYSEMKT:LTS): Heavy, Durable Insider Buying

Ahh, but any worries over price levels didn’t stop multiple insiders at Ladenburg Thalmann Financial read on...

article imageInternational Business Machines Corp. (IBM) Q2 Earnings Preview: Small Beat and Pop

International Business Machines Corp. (NYSE:IBM) will host a conference call Wednesday, Jul. 16, 2014 at read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

Mixed Day With Positive Technicals
More Articles on: Construction



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.