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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: April 6, 2004
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.) |
1000 Abernathy Road, Suite 1200
Atlanta Georgia 30328
(Address of Principal Executive Offices)
(770) 829-3700
(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 April 6, 2004.
Item 12. Results of Operations and Financial Condition.
On April 6, 2004, Beazer Homes USA, Inc. (the "Company") reported home orders, closings and backlog for the quarter and six months ended March 31, 2004. A copy of this press release is attached hereto as exhibit 99.1. For additional information, please see the press release.
2
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: April 6, 2004 |
By: |
/s/ JAMES O'LEARY |
||
| James O'Leary Executive Vice President and Chief Financial Officer |
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3
SIGNATURES
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Press Release
For Immediate Release
Beazer Homes USA, Inc. Reports Home Orders,
Closings and Backlog for the
Quarter and Six Months Ended March 31, 2004
Atlanta, Ga., April 6, 2004—Beazer Homes USA, Inc. (NYSE:BZH) (www.beazer.com) today released preliminary unit net orders, closings and backlog for the quarter and six months ended March 31, 2004.
| |
New Orders (Units) |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
For the Quarter Ended March 31, |
For the Six Months Ended March 31, |
|||||||||||
| |
2004 |
2003 |
% Change |
2004 |
2003 |
% Change |
|||||||
| Southeast | 1,636 | 1,628 | 0.5 | % | 2,679 | 2,643 | 1.4 | % | |||||
| West | 1,885 | 1,277 | 47.6 | % | 3,339 | 2,216 | 50.7 | % | |||||
| Central | 351 | 296 | 18.6 | % | 536 | 528 | 1.5 | % | |||||
| Mid-Atlantic | 403 | 496 | (18.8 | )% | 719 | 948 | (24.2 | )% | |||||
| Midwest | 757 | 882 | (14.2 | )% | 1,063 | 1,385 | (23.2 | )% | |||||
| Total | 5,032 | 4,579 | 9.9 | % | 8,336 | 7,720 | 8.0 | % | |||||
Closings (Units) |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
For the Quarter Ended March 31, |
For the Six Months Ended March 31, |
|||||||||||
| |
2004 |
2003 |
% Change |
2004 |
2003 |
% Change |
|||||||
| Southeast | 1,197 | 1,093 | 9.5 | % | 2,454 | 2,186 | 12.3 | % | |||||
| West | 1,404 | 1,095 | 28.2 | % | 2,618 | 2,135 | 22.6 | % | |||||
| Central | 208 | 272 | (23.5 | )% | 448 | 538 | (16.7 | )% | |||||
| Mid-Atlantic | 367 | 233 | 57.5 | % | 685 | 528 | 29.7 | % | |||||
| Midwest | 508 | 604 | (15.9 | )% | 1,087 | 1,392 | (21.9 | )% | |||||
| Total | 3,684 | 3,297 | 11.7 | % | 7,292 | 6,779 | 7.6 | % | |||||
-more-
| |
Backlog (Units) As of March 31, |
||||||
|---|---|---|---|---|---|---|---|
| |
2004 |
2003 |
% Change |
||||
| Southeast | 2,546 | 2,324 | 9.6 | % | |||
| West | 3,008 | 1,914 | 57.2 | % | |||
| Central | 484 | 497 | (2.6 | )% | |||
| Mid-Atlantic | 1,151 | 1,120 | 2.8 | % | |||
| Midwest | 1,281 | 1,605 | (20.2 | )% | |||
| Total | 8,470 | 7,460 | 13.5 | % | |||
Preliminary backlog sales value as of March 31, 2004 totals $2.04 billion, up 37% from the backlog sales value of $1.49 billion as of March 31, 2003.
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.
| Contact: | Leslie H. Kratcoski Director, Investor Relations (770) 829-3700 lkratcos@beazer.com |
Beazer Homes USA, Inc. Reports Home Orders, Closings and Backlog for the Quarter and Six Months Ended March 31, 2004