Beazer Homes Provides Operational Update Following Hurricane Florence
“Hurricane Florence and the significant flooding caused by the storm
have impacted operations in our
Mr. Merrill continued, “While the storm’s financial impact cannot reasonably be estimated at this time, we anticipate reporting fewer home sales and home closings in our fiscal fourth quarter. Based on the information currently available to us, we continue to expect to achieve our ‘2B-10’ goal this fiscal year. Further, any financial impact realized should be temporary, resulting from home sales and closings shifting into the first and second quarters of fiscal 2019 as the affected areas recover.”
This press release contains forward-looking statements, including our expectations regarding fourth quarter fiscal 2018 and fiscal 2019 results in light of Hurricane Florence’s impact on operations. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. We are still in the initial stages of evaluating the impact of Hurricane Florence and the significant flooding caused by the storm on our business and our customers. Factors beyond our control could affect our new home sales and closings during the remainder of fiscal 2018 and into fiscal 2019. Please refer to the risk factors described in our most recent annual report on Form 10-K for a more detailed discussion of other risks that may affect our business.
David I. Goldberg, 770-829-3700
Vice President, Treasurer and Investor Relations