Beazer Homes USA, Inc. (BZH) Earnings Call Transcripts

Beazer Homes USA, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of fiscal 2026, Beazer Homes reported homebuilding revenue of $397.7 million, with a diluted loss per share of $0.03. The company experienced a sales pace of 2.1 homes per community per month, slightly below the previous target of 2.5, leading to a cautious outlook for the remainder of the year. Management adjusted their full-year EBITDA growth expectations, now anticipating a sales pace above 2 and margin expansion of 200 to 300 basis points by the fourth quarter, down from earlier projections.

Reported metrics

Guidance from management

For Q3, Beazer expects to sell more than 1,000 homes and anticipates closing about 900 homes with an ASP between $535,000 to $540,000. Full-year EBITDA growth is now seen as more challenging, with a revised sales pace and margin expansion guidance.

What management said

Well, I mean it was a year ago, it was in the 30s. Now it's 43%. It's the highest it's been since early '24, but it's -- and frankly, it's held in nicely this spring. So rather than going back to every quarter because I don't have that off the top of my head, but it's up over 10 points year-over-year. .

Yes. Natalie, it's Dave. Look, I would tell you the margins in backlog are supportive of the guidance that we've given for the next 2 quarters. Obviously, we have a lot more visibility on Q3, just given that we're kind of middle of Q3 now. Where we end up and the reason we went to 200 to 300 is based on what happens with specs and the specs that we sell and close in the next 2 quarters.

What analysts pressed on

Analysts raised concerns about the impact of rising mortgage rates and energy costs on consumer demand and sales pace. There were questions regarding the sustainability of margin expansion and the effectiveness of the company's marketing strategies in a challenging environment.

Main topics on the call

• Sales Pace and Community Count — Beazer's sales pace improved to 2.1 homes per community per month, but fell short of the desired 2.5. Management stated, "We were able to drive to-be-built sales higher to 43% of gross sales, the highest level since the ...
• Margin Expansion Outlook — Management indicated a revised expectation for margin expansion, now targeting 200 to 300 basis points by Q4, down from previous guidance. They noted, "Our positive margin progression remains intact," but acknowledged ch...
• Liquidity and Capital Allocation — Beazer expanded its revolver by $160 million to $525 million, enhancing liquidity. The company is focused on disciplined capital allocation, with plans to complete a $72 million share repurchase authorization, having exe...
• ASP and Gross Margin Trends — The average selling price (ASP) increased to $525,000, supported by a favorable sales mix. Management highlighted, "Our ASP continues to move higher given the positive mix shift," which is expected to contribute to impro...

Read the full Beazer Homes USA, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Beazer Homes USA, Inc. earnings call transcripts on record, spanning January 30, 2020 to April 30, 2026. Based on this history, Beazer Homes USA, Inc. reports quarterly. The most recent call on file is dated April 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BZH

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Household Durables

Calls on record

27

First call

January 30, 2020

Most recent

April 30, 2026

Reporting cadence

quarterly