 | ABOUT US| MY BEAZER HOME| Español |  | SEARCH BEAZER |  |
 | Beazer Home > Investors > News Release |
 View printer-friendly version |
| << Back |
| Beazer Homes Files First and Second Quarter Fiscal 2008 Financial Statements |
ATLANTA--(BUSINESS WIRE)--May 15, 2008--Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today filed its quarterly reports on Forms 10-Q for the quarters ended December 31, 2007 and March 31, 2008. With the filing of these reports, the Company has completed the filing of all of its previously past due periodic reports with the Securities and Exchange Commission. In conjunction with these filings, the Company today announced its financial results for the quarter ended December 31, 2007 and the quarter and six months ended March 31, 2008. Summary results of the first and second quarter of fiscal 2008 are as follows:
Quarter Ended December 31, 2007
-- Reported net loss of $(138.2) million, or $(3.59) per share,
including pre-tax charges related to inventory impairments and
abandonment of land option contracts of $168.5 million and
impairments related to joint venture investments of $12.8
million. For the first quarter of the prior fiscal year, net
loss totaled $(79.9) million, or $(2.09) per share.
-- Total revenues: $503.1 million, compared to $802.5 million in
the first quarter of the prior year.
-- Home closings: 2,006 homes, compared to 2,664 in the first
quarter of the prior year.
-- Average sales price: $244,700 compared to $282,500 in the
first quarter of the prior year.
-- New orders: 1,252 homes, compared to 1,783 in the first
quarter of the prior year.
Quarter Ended March 31, 2008
-- Reported net loss from continuing operations of $(228.7)
million, or $(5.93) per share, including pre-tax charges
related to inventory impairments and abandonment of land
option contracts of $187.9 million, and impairments related to
joint venture investments of $31.7 million. In addition, the
company incurred goodwill impairment charges of $48.1 million.
For the prior fiscal year second quarter, net loss from
continuing operations totaled $(58.1) million, or $(1.51) per
diluted share.
-- Reported net loss from discontinued operations of $(1.2)
million, or $(0.03) per diluted share, compared to net income
from discontinued operations of $0.9 million, or $0.02 per
diluted share.
-- Total revenues: $405.4 million, compared to $823.6 million in
the second quarter of the prior year.
-- Home closings: 1,568 homes, compared to 2,748 in the second
quarter of the prior year.
-- Average sales price: $255,500 compared to $280,800 in the
second quarter of the prior year.
-- New orders: 1,956 homes, compared to 4,090 in the second
quarter of the prior year.
As of March 31, 2008
-- Cash and cash equivalents: $277.3 million (including $3.6
million of restricted cash).
-- No cash borrowings outstanding on revolving credit facility.
-- Net debt to capitalization: 61.2%
-- Backlog: 2,619 homes with a sales value of $672.5 million
compared to 5,563 homes with a sales value of $1.67 billion as
of March 31, 2007.
"As evidenced by the results we released today, market conditions remained weak for the homebuilding industry in the first half of fiscal 2008, and we maintain a disciplined and cautious operating approach as we believe the remainder of this fiscal year will be very challenging," said Ian J. McCarthy, President and Chief Executive Officer. "The actions we are taking to reduce direct costs, overhead expenses, land spending and inventory will enable us to generate cash and preserve liquidity at this difficult time in the housing industry. At the same time, strategic actions such as our decisions to reallocate capital and resources within our geographic footprint and further efforts to differentiate Beazer Homes in the eyes of the consumer will enable us to enhance shareholder value over the long run." "Completing the restatement of our prior years' financial results and filing all outstanding periodic financial reports is an important step for Beazer Homes," McCarthy continued. "We look forward to resuming regular quarterly communication of our financial and operating results and appreciate the patience and support shown to us by our investors, customers, and business partners while we worked through the restatement." Quarter Ended December 31, 2007 Homebuilding revenues declined 37.1% for the quarter ended December 31, 2007, due to both a 24.7% decline in home closings and a 13.4% decline in average selling price from the same period in the prior fiscal year. The decrease in home closings was driven primarily by declines in the West and Southeast regions, offset somewhat by an increase in the Mid-Atlantic region. Net new home orders totaled 1,252, a decline of 29.8% from the prior fiscal year. At 46.6%, the cancellation rate for the quarter was comparable to the 43.1% rate experienced for the same period in the prior fiscal year. During the first quarter, margins were negatively impacted by both the average sales price decline and reduced closing volume as compared to the same period a year ago. In addition, the Company incurred pre-tax charges to abandon land option contracts, to recognize inventory impairments and impairments in joint ventures of $27.0 million, $141.5 million, and $12.8 million, respectively. The Company continued to reduce its land position and unsold home inventories. The Company controlled 58,146 lots at December 31, 2007, reflecting a reduction of 6.3% from the level as of September 30, 2007. As of December 31, 2007, unsold finished homes totaled 679, declining by 49.4% and 21.2% from the level a year ago and as of September 30, 2007, respectively. Quarter Ended March 31, 2007 Homebuilding revenues declined 48.6% for the quarter ended March 31, 2008, due to both a 42.9% decline in home closings and a 9.0% decline in average selling price from the same period in the prior fiscal year. Home closings declined in all regions, with the most significant declines in Florida and the Southeast regions. Net new home orders totaled 1,956, a decline of 52.2% from the prior fiscal year. The cancellation rate for the quarter was 33.7%, comparable to the 29.1% rate experienced for the same period in the prior fiscal year, but down substantially from 46.6% experienced in the December quarter. During the second quarter, margins were negatively impacted by both the average sales price decline and reduced closing volume as compared to the same period a year ago. In addition, the Company incurred pre-tax charges to abandon land option contracts, to recognize inventory impairments and impairments in joint ventures of $13.2 million, $174.7, and $31.7, respectively. In addition, the Company incurred pre-tax non-cash goodwill impairment charges of $48.1 million related to reporting units in Arizona, New Jersey, Southern California, and Virginia. As previously announced, on February 1, 2008, the Company determined that it would discontinue its mortgage origination services through Beazer Mortgage Corporation ("BMC") and entered into a marketing services arrangement with Countrywide Financial Corporation. Commencing with the second quarter, the Company has classified the results of operations from BMC, previously included in our Financial Services segment, as discontinued operations in its condensed consolidated financial statements. Net loss from discontinued operations net of tax was $(1.2) million for the quarter ended March 31, 2008. This loss included approximately $0.6 million of severance and termination benefits and other charges directly related to the cessation of BMC operating activities. In addition, during the quarter ended March 31, 2008, the Company wrote off its entire $7.1 million investment in Homebuilders Financial Network LLC ("HFN"), a joint venture investment established to provide related mortgage services. The Company controlled 54,212 lots at March 31, 2008, reflecting a 6.7% reduction from levels as of December 31, 2007. As of March 31, 2008, unsold finished homes totaled 439, declining by 38.8% and 49.1% from the level a year ago and as of September 30, 2007, respectively. At March 31, 2008, the Company had a cash balance of $277.3 million, which included $3.6 million of restricted cash. As the first and second fiscal quarters are seasonally low in terms of closings, cash used in operating activities was $27.6 million for the six months ended March 31, 2008. In addition, during the first six months of the fiscal year, the Company repaid $99.8 million of secured notes payable and paid a consent fee to holders of its Senior Notes and Senior Convertible Notes and related expenses totaling $21.1 million. Subsequent Developments Subsequent to March 31, 2008, the Company received a cash tax refund of approximately $55.8 million relating to a fiscal 2007 net operating loss carried back to fiscal 2005. In addition, the Company currently has pending asset sales with estimated net cash proceeds in excess of $100 million which are expected to close over the next 120 days. These assets are located both in markets the Company is exiting and in those where the Company is maintaining a presence but has determined that sale of certain assets in these markets best optimizes its capital and resource allocation. The Company is continuing to pursue opportunities for the disposition of its remaining land holdings and inventory in those markets that it is in the process of exiting. On May 13, 2008, the Company obtained a limited waiver, which relaxes, until June 30, 2008, our minimum consolidated tangible net worth and maximum leverage ratio requirements under our Revolving Credit Facility. During the term of the limited waiver, the minimum consolidated tangible net worth shall not be less than $700 million and the leverage ratio shall not exceed 2.50 to 1.00. The Company is currently negotiating an amended covenant package with its bank group and expects to enter into an amendment prior to finalizing its financial statements for the fiscal quarter ending June 30, 2008. The Company currently has no cash borrowings outstanding under the revolving credit facility and current availability net of letters of credit of approximately $55.0 million. Ongoing External Investigations As previously disclosed, the Company and its subsidiary, Beazer Mortgage Corporation, are under investigations by the United States Attorney's Office in the Western District of North Carolina, as well as other state and federal agencies, concerning the matters that were the subject of the Audit Committee's independent investigation. In addition, the Company received from the Securities and Exchange Commission a formal order of private investigation to determine whether Beazer Homes and/or other persons or entities involved with Beazer Homes have violated federal securities laws, including, among others, the anti-fraud, books and records, internal accounting controls, periodic reporting and certification provisions thereof. The Company is fully cooperating with these investigations which are ongoing. The Company cannot predict or determine the timing or final outcome of the investigations or the effect that any adverse findings in the investigations may have on it. The Company intends to attempt to negotiate a settlement with prosecutors and regulatory authorities with respect to these matters that would allow us to quantify our exposure associated with reimbursement of losses and payment of regulatory and/or criminal fines, if they are imposed. However, no settlement has been reached with any regulatory authority and the Company believes that although it is probable that a liability exists related to this exposure, it is not reasonably estimable at this time. Conference Call The Company will hold a conference call tomorrow, May 16, 2008, at 11:00 AM ET to discuss these results and take questions. Interested parties may listen to the conference call and view the Company's slide presentation over the internet by going to the "Investor Relations" section of the Company's website at www.beazer.com. To access the conference call by telephone, listeners should dial 877-601-3546 or 210-234-0031. To be admitted to the call, verbally supply the passcode "BZH". A replay of the call will be available shortly after the conclusion of the live call. To directly access the replay, dial 866-448-7650 or 203-369-1199 (available until midnight ET on May 23, 2008), or visit www.beazer.com. A replay of the webcast will be available at www.beazer.com for approximately 30 days. Beazer Homes USA, Inc., headquartered in Atlanta, is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia. Beazer Homes is listed on the New York Stock Exchange under the ticker symbol "BZH." Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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, including, among other things, (i) the timing and final outcome of the United States Attorney investigation, the Securities and Exchange Commission's ("SEC") investigation and other state and federal agency investigations, the putative class action lawsuits, the derivative claims, multi-party suits and similar proceedings as well as the results of any other litigation or government proceedings; (ii) material weaknesses in our internal control over financial reporting; (iii) additional asset impairment charges or writedowns; (iv) economic changes nationally or in local markets, including changes in consumer confidence, volatility of mortgage interest rates and inflation; (v) continued or increased downturn in the homebuilding industry; (vi) estimates related to homes to be delivered in the future (backlog) are imprecise as they are subject to various cancellation risks which cannot be fully controlled, (vii) continued or increased disruption in the availability of mortgage financing; (viii) our cost of and ability to access capital and otherwise meet our ongoing liquidity needs including the impact of any further downgrades of our credit ratings; (ix) potential inability to comply with covenants in our debt agreements; (x) continued negative publicity; (xi) increased competition or delays in reacting to changing consumer preference in home design; (xii) shortages of or increased prices for labor, land or raw materials used in housing production; (xiii) factors affecting margins such as decreased land values underlying land option agreements, increased land development costs on projects under development or delays or difficulties in implementing initiatives to reduce production and overhead cost structure; (xiv) the performance of our joint ventures and our joint venture partners; (xv) the impact of construction defect and home warranty claims and the cost and availability of insurance, including the availability of insurance for the presence of moisture intrusion; (xvi) a material failure on the part of our subsidiary Trinity Homes LLC to satisfy the conditions of the class action settlement agreement, including assessment and remediation with respect to moisture intrusion related issues; (xvii) delays in land development or home construction resulting from adverse weather conditions; (xviii) potential delays or increased costs in obtaining necessary permits as a result of changes to, or complying with, laws, regulations, or governmental policies and possible penalties for failure to comply with such laws, regulations and governmental policies; (xix) effects of changes in accounting policies, standards, guidelines or principles; or (xx) terrorist acts, acts of war and other factors over which the Company has little or no control. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time and it is not possible for management to predict all such factors. -Tables Follow-
BEAZER HOMES USA, INC.
CONSOLIDATED OPERATING AND FINANCIAL DATA
(Dollars in thousands, except per share amounts)
FINANCIAL DATA
-----------------------------------------------
Quarter Ended
December 31,
-----------------------
2007 2006
-----------------------
INCOME STATEMENT
Total revenue $ 503,148 $ 802,535
Home construction and land sales expenses 434,676 665,153
Inventory impairments and option contract
abandonments 168,512 140,367
----------- -----------
Gross loss (100,040) (2,985)
Selling, general and administrative expenses 93,169 116,916
Depreciation and amortization 6,058 7,558
----------- -----------
Operating loss (199,267) (127,459)
Equity in loss of unconsolidated joint ventures (16,140) (2,360)
Other (expense) income, net (2,818) 2,161
----------- -----------
Loss before income taxes (218,225) (127,658)
Benefit from income taxes (79,989) (47,755)
-----------------------
Net loss $ (138,236) $ (79,903)
=======================
Net loss per common share:
Basic $ (3.59) $ (2.09)
=======================
Diluted $ (3.59) $ (2.09)
=======================
Weighted average shares outstanding, in
thousands:
Basic 38,539 38,280
Diluted 38,539 38,280
SELECTED BALANCE SHEET DATA December September
31, 30,
2007 2007
-----------------------
Cash and cash equivalents (including restricted
cash) $ 332,527 $ 459,508
Inventory 2,483,386 2,775,173
Total assets 3,657,893 3,930,021
Total debt (net of discount of $2,916 and
$3,033) 1,781,988 1,857,249
Shareholders' equity 1,176,941 1,323,722
Inventory Breakdown
Homes under construction $ 726,103 $ 787,102
Development projects in progress 1,275,699 1,546,389
Unimproved land held for future development 10,133 11,101
Land held for sale 144,394 49,473
Model homes 133,757 143,726
Consolidated inventory not owned 193,300 237,382
-----------------------
$2,483,386 $2,775,173
=======================
BEAZER HOMES USA, INC.
CONSOLIDATED OPERATING AND FINANCIAL DATA
(Dollars in thousands)
OPERATING DATA
--------------------------------------------------
Quarter Ended
December 31,
-------------------
SELECTED OPERATING DATA 2007 2006
-------------------
Closings:
West region 394 729
Mid-Atlantic region 244 200
Florida region 232 246
Southeast region 431 681
Other homebuilding 705 808
-------------------
Total closings 2,006 2,664
===================
New orders, net of cancellations:
West region 329 443
Mid-Atlantic region 80 238
Florida region 151 93
Southeast region 286 465
Other homebuilding 406 544
-------------------
Total new orders 1,252 1,783
===================
Backlog units at end of period:
West region 426 889
Mid-Atlantic region 479 615
Florida region 157 355
Southeast region 359 1,105
Other homebuilding 810 1,257
-------------------
Total backlog units 2,231 4,221
===================
Dollar value of backlog at end of period $605,200 $1,290,000
===================
BEAZER HOMES USA, INC.
CONSOLIDATED OPERATING AND FINANCIAL DATA (Continued)
(Dollars in thousands)
Quarter Ended
December 31,
---------------------
SUPPLEMENTAL FINANCIAL DATA 2007 2006
---------- ----------
Revenues
Homebuilding operations $ 491,787 $ 781,517
Land and lot sales 7,565 12,667
Financial Services 5,436 11,743
Intercompany elimination (1,640) (3,392)
---------------------
Total revenues $ 503,148 $ 802,535
=====================
Gross (loss) profit
Homebuilding operations $(107,755) $ (18,792)
Land and lot sales 2,279 4,064
Financial Services 5,436 11,743
---------------------
Total gross (loss) profit $(100,040) $ (2,985)
=====================
Depreciation and amortization $ 6,058 $ 7,558
Selling, general and administrative
Homebuilding operations $ 87,486 $ 108,533
Financial Services 5,683 8,383
---------------------
Total selling, general and administrative $ 93,169 $ 116,916
=====================
SELECTED SEGMENT INFORMATION
Revenue:
West region $ 117,888 $ 297,906
Mid-Atlantic region 92,020 91,266
Florida region 55,328 91,245
Southeast region 97,495 155,612
Other homebuilding 136,621 158,155
Financial services 5,436 11,743
Intercompany elimination (1,640) (3,392)
---------------------
Total revenue $ 503,148 $ 802,535
=====================
Operating (loss) income
West region $ (60,205) $ (26,326)
Mid-Atlantic region (20,547) (9,528)
Florida region (643) (30,701)
Southeast region (43,255) 8,311
Other homebuilding (20,240) (18,888)
Financial services (333) 3,230
---------------------
Segment operating (loss) income (145,223) (73,902)
Corporate and unallocated (54,044) (53,557)
---------------------
Total operating (loss) income $(199,267) $(127,459)
=====================
BEAZER HOMES USA, INC.
CONSOLIDATED OPERATING AND FINANCIAL DATA
(Dollars in thousands, except per share amounts)
FINANCIAL DATA
---------------------
Quarter Ended Six Months Ended
March 31, March 31,
------------------------- ----------------------
2008 2007 2008 2007
------------------------- ---------- -----------
INCOME STATEMENT
Total revenue $ 405,417 $ 823,604 $ 906,071 $1,619,592
Home construction and
land sales expenses 379,424 706,653 815,740 1,375,198
Inventory impairments
and option contract
abandonments 187,860 105,245 356,372 245,612
----------- ------------- ---------- -----------
Gross (loss) profit (161,867) 11,706 (266,041) (1,218)
Selling, general and
administrative
expenses 74,017 96,604 162,179 205,996
Depreciation &
Amortization 6,226 7,619 12,204 15,065
Goodwill impairment (48,105) - 48,105 -
----------- ------------- ---------- -----------
Operating loss (290,215) (92,517) (488,529) (222,279)
Equity in loss income
of unconsolidated
joint ventures (40,361) (3,713) (56,501) (6,073)
Other (expense)
income (4,569) 3,115 (7,418) 5,206
----------- ------------- ---------- -----------
Loss from continuing
operations before
income taxes (335,145) (93,115) (552,448) (223,146)
Benefit from income
taxes (106,422) (35,044) (186,064) (83,687)
----------- ------------- ---------- -----------
Loss (income) from
continuing
operations (228,723) (58,071) (366,384) (139,459)
Loss from
discontinued
operations, net of
tax (1,170) 880 (1,745) 2,365
----------- ------------- ---------- -----------
Net loss $ (229,893) $ (57,191) $(368,129) $ (137,094)
========================= ======================
Loss (income) per
common share:
Basic loss per share
from continuing
operations ($5.93) ($1.51) ($9.50) ($3.64)
Basic loss (income)
per share from
discontinued
operations ($0.03) $0.02 ($0.05) $0.06
Basic loss per share ($5.96) ($1.49) ($9.55) ($3.57)
Diluted loss per
share from
continuing
operations ($5.93) ($1.51) ($9.50) ($3.64)
Diluted loss per
share from
discontinued
operations ($0.03) $0.02 ($0.05) $0.06
Diluted loss per
share ($5.96) ($1.49) ($9.55) ($3.57)
Weighted average
shares outstanding,
in thousands:
Basic 38,548 38,427 38,548 38,353
Diluted 38,548 38,427 38,548 38,353
SELECTED BALANCE
SHEET DATA March 31, September 30,
2008 2007
-------------------------
Cash and cash
equivalents
(including
restricted cash) $ 277,262 $ 459,508
Inventory 2,268,175 2,775,173
Total assets 3,367,025 3,930,021
Total debt (net of
discount of $2,799
and $3,033) 1,772,223 1,857,249
Shareholders' equity 950,416 1,323,722
Inventory Breakdown
Homes under
construction $ 669,332 $ 787,102
Development projects
in progress 1,115,854 1,546,389
Unimproved land held
for future
development 8,536 11,101
Land held for sale 163,325 49,473
Model homes 117,104 143,726
Consolidated
inventory not owned 194,024 237,382
-------------------------
$2,268,175 $2,775,173
=========================
BEAZER HOMES USA, INC.
CONSOLIDATED OPERATING AND FINANCIAL DATA
(Dollars in thousands)
OPERATING DATA
---------------------------------
Quarter Ended Six Months Ended
March 31, March 31,
------------------- ----------------
SELECTED OPERATING DATA 2008 2007 2008 2007
------------------- -------- -------
Closings:
West region 405 675 799 1,404
Mid-Atlantic region 204 213 448 413
Florida region 161 349 393 595
Southeast region 305 729 736 1,410
Other homebuilding 493 782 1,198 1,590
------------------- -------- -------
Total closings 1,568 2,748 3,574 5,412
=================== ======== =======
New orders, net of cancellations:
West region 497 1,055 826 1,498
Mid-Atlantic region 224 563 304 801
Florida region 170 441 321 534
Southeast region 422 1,016 708 1,481
Other homebuilding 643 1,015 1,049 1,559
------------------- -------- -------
Total new orders 1,956 4,090 3,208 5,873
=================== ======== =======
Backlog units at end of period:
West region 518 1,269
Mid-Atlantic region 499 965
Florida region 166 447
Southeast region 476 1,392
Other homebuilding 960 1,490
-------------------
Total backlog units 2,619 5,563
===================
Dollar value of backlog at end of
period $672,500 $1,670,000
===================
BEAZER HOMES USA, INC.
CONSOLIDATED OPERATING AND FINANCIAL DATA (Continued)
(Dollars in thousands)
Quarter Ended Six Months Ended
March 31, March 31,
-------------------- ----------------------
SUPPLEMENTAL FINANCIAL DATA 2008 2007 2008 2007
---------- --------- ---------- -----------
Revenues
Homebuilding operations $ 400,656 $780,178 $ 892,443 $1,561,695
Land and lot sales 4,004 41,539 11,569 54,206
Financial Services 757 1,887 2,059 3,691
-------------------- ---------- -----------
Total revenues $ 405,417 $823,604 $ 906,071 $1,619,592
==================== ========== ===========
Gross (loss) profit
Homebuilding operations $(159,305) $ 11,686 $(267,060) $ (7,106)
Land and lot sales (3,319) (1,867) (1,040) 2,197
Financial Services 757 1,887 2,059 3,691
-------------------- ---------- -----------
Total gross (loss) profit $(161,867) $ 11,706 $(266,041) $ (1,218)
==================== ========== ===========
Selling, general and
administrative
Homebuilding operations $ 73,456 $ 95,763 $ 160,943 $ 204,296
Financial Services 561 841 1,236 1,700
-------------------- ---------- -----------
Total selling, general and
administrative $ 74,017 $ 96,604 $ 162,179 $ 205,996
==================== ========== ===========
Depreciation and
amortization $ 6,226 $ 7,619 $ 12,204 $ 15,065
SELECTED SEGMENT
INFORMATION
Revenue:
West region $ 115,497 $268,056 $ 233,385 $ 565,962
Mid-Atlantic region 84,466 104,070 176,486 195,336
Florida region 39,126 106,409 94,454 197,654
Southeast region 71,314 183,626 168,809 339,238
Other homebuilding 94,257 159,556 230,878 317,711
Financial services 757 1,887 2,059 3,691
-------------------- ---------- -----------
Total revenue $ 405,417 $823,604 $ 906,071 $1,619,592
==================== ========== ===========
Operating (loss) income
West region $ (56,638) $(33,862) $(116,843) $ (60,188)
Mid-Atlantic region (34,538) (15,825) (55,085) (25,353)
Florida region (33,386) 8,307 (34,029) (22,394)
Southeast region (20,216) 11,394 (63,471) 19,705
Other homebuilding (37,317) (18,961) (57,557) (37,849)
Financial services 190 1,029 810 1,956
-------------------- ----------------------
Segment operating (loss)
income (181,905) (47,918) (326,175) (124,123)
Corporate and unallocated (108,310) (44,599) (162,354) (98,156)
-------------------- ---------- -----------
Total operating (loss)
income $(290,215) $(92,517) $(488,529) $ (222,279)
==================== ========== ===========
CONTACT: Beazer Homes USA, Inc. |
- Company Information
- Investor Information
- Financial Information
- Investor Events
- Investor Request
- Side Tools
Print Page 
E-mail Page 
RSS Feeds 
E-mail Alerts 
Financial Tear Sheet
 |  | |
 |