Beazer Homes Usa, Inc. (BZH) Posts Q3 GAAP Loss of 47c/Share

Beazer Homes Usa, Inc. (NYSE: BZH) reported Q3 EPS of ($0.47), which may not compare with the analyst estimate of $0.22. Revenue for the quarter came in at $354.67 million versus the consensus estimate of $360.13 million.

“For the third quarter, we recorded strong gross margins, higher average sales prices and a sales absorption rate that was among the highest in our peer group,” said Allan Merrill, CEO of Beazer Homes. “This led to a substantial improvement in Adjusted EBITDA and enabled us to report income from homebuilding operations in our third quarter for the first time in nearly a decade. We believe our improved operational and financial results will allow us to report a full year of profitability for fiscal 2014 and further growth in the years ahead.”

For earnings history and earnings-related data on Beazer Homes Usa, Inc. (BZH) click here.

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