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

Top Builders’ Unique Strategies to Capture Entry-Level Buyers

Being informed and having the capacity to use the data in the right way is key to finding a formula that works, or even better, that profits. For years the

Homebuilders / Land Developers

Taylor Morrison Homes Beats Earnings Estimates

By Mike Sunnucks Scottsdale-based Taylor Morrison Homes Corp. (NYSE: TMHC) reported earnings of 63 cents per share — 65 cents per share when not including certain charges — in the

Homebuilders / Land Developers 0 Comments

Asian Invasion

If you haven’t heard of Landsea yet, sounds like you probably will. One of China’s largest homebuilders proclaims that it will invest more than $1B into the US housing market.