Quarterly Reports
On May 12, 2008, Beazer Homes USA, Inc. (‘the Company’) filed its annual report on Form 10-K for the year ended September 30, 2007, amended quarterly reports on Forms 10-Q/A for the quarters ended December 31, 2006 and March 31, 2007 and its quarterly report on Form 10-Q for the quarter ended June 30, 2007. These reports reflect the completed restatement of certain prior periods’ financial statements resulting from the findings of an independent investigation by the Audit Committee of the Board of Directors. As a result of accounting errors and irregularities discovered during the course of the investigation, the fiscal 2007 Form 10-K includes restated consolidated financial statements for fiscal 2005 and 2006 and restated Selected Financial Data for fiscal years 2003 and 2004. In addition, the cumulative effect of errors and irregularities attributed to periods prior to October 1, 2002 has been reflected in Selected Financial Data as an increase to retained earnings at September 30, 2002 for fiscal years 1998–2002. As a result the restatement, the Company’s previously issued financial statements for the periods impacted by the restatement as described above, the related audit reports of the Company’s independent registered public accounting firm, and other disclosures and communications should no longer be relied upon to the extent they relate to the restated information.
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| These documents and presentations contain 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 these reports will not be achieved. These forward-looking statements can generally be identified by the use of statements that include words such as “estimate,” “project,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “likely,” “will,” “goal,” “target” or other similar words or phrases. All forward-looking statements are based upon information available to us on the date of this report document.
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, the matters discussed herein in the sections captioned “Outlook” and “Financial Condition and Liquidity.” Additional information about factors that could lead to material changes in performance is discussed in the section captioned “Risk Factors” in our filings with the SEC.
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 statements, 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.
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