Beazer Homes Reports Strong Third Quarter Fiscal 2020 Results; Announces Succession Plan for Chief Financial Officer
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Beazer Homes (BZH) Tops Q3 EPS by 60c; Announces CFO Succession Plan
July 30, 2020 4:25 PM EDTBeazer Homes (NYSE: BZH) reported Q3 EPS of $0.51, $0.60 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $532.5 million versus the consensus estimate of $427.4 million.
We generated very strong results in the third quarter, as improvements in home closings and margins allowed us to substantially improve profitability, said Allan P. Merrill, Chairman and Chief Executive Officer of Beazer Homes. After weathering difficult sales conditions in April, we experienced much stronger demand in the second half of the quarter, culminating in our best June sales month in more than... More
