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 148 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

Toll Reports $70 Million Profit

Toll Brothers, Inc., Horsham, Pa. (NYSE:TOL) on Wednesday reported net income of $70.4 million, or $0.42 per share, for its first fiscal quarter ended Jan. 31, compared to net income

Homebuilders / Land Developers

Warmington Residential Names New Presidents in Two Homebuilding Divisions

Warmington Residential has announced new Presidents in its two California divisions. As of January 1, 2017, Tom Hildebrandt is President of the Costa Mesa-based Southern California division and Ryan Gerding

Deals

Landmark Obtains Financing For Second RC Hobbs Community

Landmark Capital Advisors, Newport Beach, on Tuesday announced a successful $9.5 million AD&C loan and JV Equity transaction in Riverside, Ca. on behalf of home builder RC Hobbs Company, the