Company Website:
http://www.beazer.com
ATLANTA -- (Business Wire)
Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com)
today provided certain preliminary operational results for its fiscal
second quarter and its approximation of the unrestricted cash balance as
of March 31, 2014.
|
|
| Quarter Ended March 31, |
| | | New Orders, net |
|
| Closings |
|
| Backlog |
| | | 2014 |
|
| 2013 |
|
| Change | | | 2014 |
|
| 2013 |
|
| Change | | | 2014 |
|
| 2013 |
|
| Change |
West
| | |
550
| | |
658
| | |
-16%
| | |
453
| | |
504
| | |
-10%
| | |
751
| | |
918
| | |
-18%
|
East
| | |
424
| | |
442
| | |
-4%
| | |
257
| | |
383
| | |
-33%
| | |
798
| | |
762
| | |
5%
|
Southeast
| | |
416
| | |
421
| | |
-1%
| | |
267
| | |
240
| | |
11%
| | |
614
| | |
531
| | |
16%
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Total
| | |
1,390
| | |
1,521
| | |
-9%
| | |
977
| | |
1,127
| | |
-13%
| | |
2,163
| | |
2,211
| | |
-2%
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
|
As expected, new orders and closings were impacted by an estimated 6%
decline in active community count, including a 21% decline in active
community count in our West segment. In addition, closings, as well as
some new orders, were impacted by severe weather conditions in our East
Segment, which comprises approximately 40% of our active community count.
Sales per community per month for the fiscal second quarter were 3.3,
compared with 2.2 in the first quarter and 3.4 in the second quarter of
2013.
The Company expects to report an unrestricted cash balance as of March
31, 2014 of between $285 million and $315 million and expects to report
positive net income for fiscal 2014.
“We remain optimistic about the 2014 spring selling season,” said Allan
Merrill, CEO of Beazer Homes. “The new home market continues to benefit
from gradual improvements in the labor market, limited home inventories
and generally favorable affordability metrics. These characteristics led
to more online visits, higher traffic to our communities and stable or
improving home prices in our markets.”
Headquartered in Atlanta, Beazer Homes is one of the country’s 10
largest single-family homebuilders. The Company’s homes meet or exceed
the benchmark for energy-efficient home construction as established by
ENERGY STAR® and are designed with Choice Plans, which provide flexible
floorplan options to meet the personal preferences and lifestyles of its
buyers.In addition, the Company is committed to providing a
range of preferred lender choices to facilitate transparent competition
between lenders and enhanced customer service.The Company offers
homes in 16 states, including Arizona, California, Delaware, Florida,
Georgia, Indiana, Maryland, Nevada, New Jersey, New York, North
Carolina, Pennsylvania, South Carolina, Tennessee, Texas and Virginia.Beazer Homes is listed on the New York Stock Exchange under the
ticker symbol “BZH.” For more info visit Beazer.com,
or check out Beazer on Facebook
and Twitter.
Contacts:
Beazer Homes USA, Inc.
Carey Phelps, 770-829-3700
Director,
Investor Relations & Corporate Communications
investor.relations@beazer.com
Source: Beazer Homes USA, Inc.
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