QuickLinks -- Click here to rapidly navigate through this document

---

---

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

---

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: July 22, 2003

BEAZER HOMES USA, INC.
(Exact name of registrant as specified in its charter)

DELAWARE (State or other jurisdiction of incorporation)		001-12822 (Commission File Number)		54-2086934 (IRS Employer Identification No.)
5775 Peachtree Dunwoody Road, Suite B-200 Atlanta Georgia 30342 (Address of Principal Executive Offices)

(404) 250-3420
(Registrant's telephone number, including area code)

None
(Former name or former address, if changed since last report)

---

---

---

Item 7. Financial Statements and Exhibits.

(c)

Exhibits

99.1

Press release issued July 22, 2003.

Item 9. Regulation FD Disclosure

        On July 22, 2003, Beazer Homes USA, Inc. (the "Company") reported earnings and results of operations for the quarterly period ended June 30, 2003 and the nine months ended June 30, 2003. A copy of this press release is attached hereto as exhibit 99.1. For additional information, please see the press release. The information in exhibit 99.1 is being provided pursuant to both Item 9 and Item 12 of Form 8-K.

        Limitation on Incorporation by Reference. The information being furnished shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

2

---

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				BEAZER HOMES USA, INC.
DATE: JULY 22, 2003		BY:		/S/  DAVID S. WEISS       David S. Weiss Executive Vice President and Chief Financial Officer

3

---

QuickLinks

SIGNATURES

QuickLinks -- Click here to rapidly navigate through this document

PRESS RELEASE FOR IMMEDIATE RELEASE

Beazer Homes Announces Record Third Fiscal Quarter EPS of $3.01, Up 16%;
Results Include $0.34 Charge For Early Repayment of Debt

Atlanta, Ga., July 22, 2003—Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced results for the quarter ended June 30, 2003, the third quarter of its 2003 fiscal year. Highlights of the quarter, compared to the same quarter of the prior year, are as follows:

•

Record Third Quarter Diluted EPS: $3.01 (up 16% vs. $2.59 in prior year)

•

Home closings: 3,616 (down 9%)

•

Total revenues $772 million (up 4%)

•

Gross margin (before interest): 22.4% (up 280 basis points)

•

Net income: $40.7 million (up 17%)

•

Debt to total capitalization: 44% (down from 50%)

•

All-time record new orders: 4,734 homes (up 12%)

•

All-time record backlog: 8,578 homes (up 12%), sales value $1.8 billion (up 23%)

•

Results for the quarter include $7.6 million charge ($4.6 million after-tax or $0.34 per share) for early repayment of debt

Record Earnings for Third Quarter of Fiscal 2003

Ian J. McCarthy, President and Chief Executive Officer of Beazer Homes, said, "We are extremely pleased to announce record June quarter EPS of $3.01 and net income of $40.7 million for the third quarter of our 2003 fiscal year. This was our first full quarter in fiscal 2003 with results that are comparable to the prior year's quarter in that both include Crossmann Communities, which we acquired last April. The increases that we continue to report in earnings, new orders and backlog illustrate the organic growth that we are achieving."

Mr. McCarthy continued, "The growth in our new orders and backlog were especially impressive during the quarter, with new orders up 12% over last year's June quarter and the dollar value of our backlog up 23% as of the end of June, both setting new all-time company records. These increases were achieved on an increase of 7% in our number of active subdivisions during the quarter relative to the same quarter of the prior year. Our increasing sales velocity and the strength of our backlog are the best leading indicators of future growth in earnings."

Strong Financial Position

David S. Weiss, Executive Vice President and Chief Financial Officer, said, "We ended the June 2003 quarter with one of our strongest balance sheets ever. Our ratio of debt to total capitalization improved from 50% to 44% relative to the June quarter of the prior year. This performance demonstrates how we have both grown the business and generated positive cash flow from operations over the past year."

Mr. Weiss also said, "During the quarter we further improved our financial position by renegotiating and extending the term on our $250 million revolving credit facility and our $200 million four-year term loan, which we increased from our prior $100 million term loan. The proceeds from the increase in our term loan were used to retire our $100 million 8⁷/8% Senior Notes due in 2008. This refinancing will result in interest savings of $6 million per year, based upon current interest rates. The early retirement of our debt resulted in a one-time charge of $7.6 million ($0.34 per share after-tax) to reflect the costs of retiring our debt including the write-off of previously capitalized fees."

---

Beazer Increases Target EPS Range for Fiscal 2003

Mr. McCarthy concluded, "With our record performance during the June quarter and our dollar backlog up 23% we now feel optimistic in our prospects for exceeding our prior earnings per share target of $12.25 for fiscal 2003. As a result, we are now raising our EPS target to a range of $12.25 to $12.50 per share, including the $0.34 charge that we recorded this quarter for the early retirement of our debt. This new target range represents 14% to 16% growth over fiscal 2002."

Beazer Homes USA, Inc., based in Atlanta, Georgia, is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Beazer Homes also provides mortgage origination and title services to its homebuyers.

Notes

Forward-Looking Statements:
Certain statements in this Press Release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to changes in general economic conditions, fluctuations in interest rates, increases in raw materials and labor costs, levels of competition and other factors described in the Company's Annual Report for the year ended September 30, 2002.

Non-GAAP Financial Measures:
EBITDA is not a generally accepted accounting principle (GAAP) financial measure. EBITDA is calculated by adding to net income the provision for income tax, depreciation, amortization and interest. EBITDA should not be considered an alternative to net income determined in accordance with GAAP as an indicator of operating performance, nor an alternative to cash flows from operating activities determined in accordance with GAAP as a measure of liquidity. Because some analysts and companies may not calculate EBITDA in the same manner as Beazer, the EBITDA information presented above may not be comparable to similar presentations by others. Beazer's management believes that EBITDA reflects the changes in the Company's operating results, particularly changes in the Company's net income, and is an indication of Beazer's ability to generate funds from operations that are available to pay income taxes, interest and principal on debt and to meet other cash obligations. A reconciliation of EBITDA to net income, the most directly comparable GAAP measure, is provided below:

Contact:

David S. Weiss Executive Vice President and Chief Financial Officer (404) 250-3420 dweiss@beazer.com

—Table Follows—

2

---

BEAZER HOMES USA, INC.
CONSOLIDATED OPERATING AND FINANCIAL DATA
(Dollars in thousands, except per share amounts)

FINANCIAL DATA

			Quarter Ended June 30,						Nine Months Ended June 30,
			2003			2002			2003			2002
INCOME STATEMENT
Revenues			$	771,758		$	743,813		$	2,137,485		$	1,736,842
Costs and expenses:
	Home construction and land sales			598,553			597,706			1,665,903			1,391,753
	Interest			14,049			12,887			38,149			28,825
	Selling, general and administrative expense			85,618			79,499			239,342			187,190
	Expenses related to early retirement of debt			7,570			—			7,570			—
Operating income				65,968			53,721			186,521			129,074
Other income				1,287			3,550			4,523			5,782
Income before income taxes				67,255			57,271			191,044			134,856
Income taxes				26,566			22,622			75,463			52,880
Net income			$	40,689		$	34,649		$	115,581		$	81,976
Net income per common share:
	Basic		$	3.16		$	2.76		$	9.01		$	8.35
	Diluted		$	3.01		$	2.59		$	8.59		$	7.63
Weighted average shares outstanding, in thousands:
	Basic			12,857			12,545			12,828			9,823
	Diluted			13,530			13,388			13,454			10,742
Interest incurred			$	16,120		$	16,729		$	49,618		$	34,518
Depreciation and amortization			$	3,914		$	2,485		$	9,597		$	6,322

SELECTED BALANCE SHEET DATA

		June 30,
		2003			2002
Cash		$	15,356		$	5,682
Inventory			1,654,356			1,343,660
Total assets			2,040,773			1,736,838
Total debt			741,104			738,782
Shareholders' equity			925,966			745,814

3

---

BEAZER HOMES USA, INC.
CONSLIDATED OPERATING AND FINANCIAL DATA (Continued)
(Dollars in thousands, except per share amounts)

OPERATING DATA

			Quarter Ended June 30,						Nine Months Ended June 30,
			2003			2002			2003		2002
SELECTED OPERATING DATA
Closings:
	Southeast region			1,204			1,350		3,390		2,856
	West region			1,174			1,105		3,309		3,170
	Central region			296			298		834		790
	Mid-Atlantic region			261			347		789		1,088
	Midwest region			681			860		2,073		860
Total closings				3,616			3,960		10,395		8,764
New orders, net of cancellations:
	Southeast region			1,673			1,387		4,316		3,438
	West region			1,474			1,248		3,690		3,494
	Central region			332			327		860		917
	Mid-Atlantic region			434			337		1,382		1,102
	Midwest region			821			928		2,206		928
Total new orders				4,734			4,227		12,454		9,879
Backlog at end of period				8,578			7,627
Dollar value of backlog at end of period			$	1,781,936		$	1,447,144
Active subdivisions:
	Southeast region			187			181
	West region			86			73
	Central region			42			32
	Mid-Atlantic region			39			39
	Midwest region			135			133
Total active subdivisions				489			458

4

---

BEAZER HOMES USA, INC.
CONSLIDATED OPERATING AND FINANCIAL DATA (Continued)
(Dollars in thousands, except per share amounts)

SUPPLEMENTAL FINANCIAL DATA:

			Quarter Ended June 30,						Nine Months Ended June 30,
			2003			2002			2003			2002
Revenues
	Home sales		$	745,221		$	732,269		$	2,089,605		$	1,709,362
	Land and lot sales			16,466			4,105			19,803			9,629
	Mortgage origination revenue			14,941			10,957			40,351			26,317
	Intercompany elimination — mortgage			(4,870	)		(3,518	)		(12,274	)		(8,466	)
Total revenues			$	771,758		$	743,813		$	2,137,485		$	1,736,842
Cost of home construction and land sales
	Home sales		$	589,500		$	597,422		$	1,661,605		$	1,392,409
	Land and lot sales			13,923			3,802			16,572			7,810
	Intercompany elimination — mortgage			(4,870	)		(3,518	)		(12,274	)		(8,466	)
Total costs of home construction and land sales			$	598,553		$	597,706		$	1,665,903		$	1,391,753
Selling, general and administrative
	Homebuilding operations		$	78,026		$	73,161		$	217,872		$	172,339
	Mortgage origination operations			7,592			6,338			21,470			14,851
Total selling, general and administrative			$	85,618		$	79,499		$	239,342		$	187,190

5

---

QuickLinks

Beazer Homes Announces Record Third Fiscal Quarter EPS of $3.01, Up 16%; Results Include $0.34 Charge For Early Repayment of Debt
BEAZER HOMES USA, INC. CONSOLIDATED OPERATING AND FINANCIAL DATA (Dollars in thousands, except per share amounts)
BEAZER HOMES USA, INC. CONSLIDATED OPERATING AND FINANCIAL DATA (Continued) (Dollars in thousands, except per share amounts)
BEAZER HOMES USA, INC. CONSLIDATED OPERATING AND FINANCIAL DATA (Continued) (Dollars in thousands, except per share amounts)