Beazer Homes USA Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2012; Reports Impairment Charges
January 28, 2013 at 04:03 pm
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Beazer Homes USA Inc. announced unaudited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, the company reported total revenue was $246.9 million against $188.55 million a year ago. Operating loss was $3.6 million against $16.7 million a year ago. Loss from continuing operations before income taxes was $19.19 million against $35.05 million a year ago. Loss from continuing operations was $18.94 million or $0.78 diluted loss per share against profit of $0.698 million or $0.04 diluted earnings per share a year ago. Net loss was $20.39 million or $0.84 diluted loss per share against profit of $0.739 million or $0.04 diluted earnings per share a year ago. Adjusted EBITDA was $7.74 million against $3.82 million a year ago. Net loss from continuing operations excluding inventory impairments was $18.7 million against profit of $4.2 million a year ago.
For the quarter, the company reported inventory impairments were $0.2 million against $3.5 million a year ago.
Beazer Homes USA, Inc. is a geographically diversified homebuilder. The Company operates through three segments: West, East and Southeast. Its West segment includes Arizona, California, Nevada, and Texas. Its East segment includes Indiana, Maryland/Delaware, Tennessee, and Virginia. Its Southeast segment includes Florida, Georgia, North Carolina, and South Carolina. It uses its digital and traditional marketing vehicles and other promotional activities, including its Website www.beazer.com, real estate listing sites, digital advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing, and out-of-home advertising, including billboards and signage located in the areas of its developments, as well as additional activities. The Company has operations in approximately 13 states within three geographic regions in the United States. The Company has maintained and owned approximately 242 model homes.
BEAZER HOMES USA, INC. 
