Beazer Posts Loss For 1st Fiscal Quarter

BuilderOnline

Beazer Homes USA, Inc. (NYSE: BZH) on Thursday reported a net loss from continuing operations of $1.4 million for the fiscal first quarter ended December 31, 2016, compared with net income from continuing operations of $1.2 million for the same period last year. Results were affected by a $2.7 million pre-tax charge related to the write-off of a legacy investment in a development site. Additionally, first quarter Fiscal 2016 results included a $3.6 million credit for insurance recoveries related to the Florida stucco issues.

Read More

Previous Middle-class Workers in California are Struggling to Find Homes They Can Afford
Next KB Home Thursday Announced the Grand Opening of Cherry Blossom at the Fairways

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Homebuilders / Land Developers

Meritage 4th-Qtr Profit Flat, But Beats Estimates

Net earnings for the fourth quarter of 2016 were $51.8 million or $1.22 per diluted share, compared to $52.9 million or $1.26 per diluted share reported for the fourth quarter

Homebuilders / Land Developers

Use of Incentives to Move Homes Accelerates

As earnings season progresses, it is becoming apparently clear that there is widespread margin compression, to varying degrees, among the public homebuilders due to decreased pricing power, increases in build