BZH earnings analysis
What we found in BZH's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Beazer Homes generated $516.306 million of revenue in the quarter, a strong sequential recovery from $410 million but a decline from $545 million a year earlier. The company reported a diluted loss of $0.16 per share: better than the $0.34 consensus loss, but worse than both the prior-quarter $0.03 loss and prior-year $0.01 loss. The balance sheet remains exposed to interest rates, with $420.0 million of variable-rate debt and a modeled $4.4 million annual interest-expense increase for a 1% rate increase; no material risk-factor changes were disclosed.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Rebounded Sequentially
- Revenue was $516.306 million, up from $410 million in the prior quarter but down from $545 million in the prior-year quarter. Revenue exceeded the $510.433 million consensus estimate by approximately $5.9 million.
- EPS Beat Estimates, Deteriorated YoY
- Diluted EPS was a loss of $0.16, better than the $0.34 estimated loss, but weaker than the $0.03 loss in the prior quarter and the $0.01 loss in the prior-year quarter.
- Share Repurchases Continued
- The company repurchased 1,000,490 shares during April at an average price of $21.01 per share. Remaining authorization under the $100.0 million program was $21.3 million as of June 30, 2026.
- Controls Remained Effective
- Management disclosed that disclosure controls were effective as of June 30, 2026 at a reasonable assurance level, and reported no changes in internal control that materially affected the quarter.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Interest-Rate Exposure
- Variable-rate debt totaled approximately $420.0 million as of June 30, 2026. A 1% increase in rates would raise interest expense by approximately $4.4 million over the following twelve months.
- Material Debt Obligations
- Fixed-rate debt had an estimated fair value of $1.00 billion versus a carrying amount of $989.1 million as of June 30, 2026, highlighting material debt-market-value exposure.
- Existing Risks Remain Unchanged
- The company stated that there were no material changes to the risk factors disclosed in its September 30, 2025 Form 10-K; therefore, existing housing-market, interest-rate and liquidity risks remain relevant rather than being resolved.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.16
What they said about what is next.
The 10-Q does not provide explicit numeric revenue or EPS guidance; outlook was not quantified in the extracted MD&A information.
The filing reads worse than the one before it.
What came before.
- 10-Q · April 30, 2026
- Beazer Homes reported Q2 fiscal 2026 earnings with total revenue of $409.8 million, falling short of both estimates and the previous year's figures. The company experienced a significant net loss with an EPS of -$0.03,…
- 10-Q · August 1, 2024
- Beazer reported Q3 revenue of $595.682M and diluted EPS of $0.88. Revenue rose vs the prior quarter and prior year, but gross margin compressed to 17.3% and operating margin fell to 4.8%; the company materially…
- 10-Q · May 1, 2024
- Beazer reported quarterly revenue of $541.54M (three months ended March 31, 2024), essentially flat vs. $543.91M a year ago, while diluted EPS rose to $1.26 from $1.13 a year ago. Gross profit and operating income…
- 10-Q · February 1, 2024
- Beazer reported Q1 revenue of $386,818,000 (down from $444,928,000 a year earlier), diluted EPS of $0.70 (versus $0.80) and operating income of $20,265,000 (versus $28,502,000). The company materially built inventory to…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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