Beazer Homes USA First Quarter 2012 Numbers | ||
Quarter One | ||
Profit/(Loss) | ($37.9) M +29.6% YOY | |
Home Deliveries | 844 +49.9% YOY | |
New Orders | 1,512 +29.0% YOY | |
(Note: Excludes results from discontinued operations.)
Behind the Numbers:
Beazer lost less money and sold more homes in the first quarter of 2012 compared to 2011. CEO Allan Merrill credits the bump in sales to a gradually improving market and the company’s “path to profitability strategies.” When the path will end in profitability the company is not predicting. “We are committed to taking the steps necessary to return to profitability as soon as possible,” Merrill said in the company’s earnings news release.
Beazer’s fiscal year ends Sept. 30.
