Beazer Homes reports Q4 EPS $1.80, consensus $1.39

Reports Q4 revenue $641.8M, consensus $627.29M. “Strong fourth quarter results were highlighted by growth in community count, improved backlog conversion and higher gross margins,” said Allan P. Merrill, the company’s Chairman and Chief Executive Officer. “These factors and careful management of overheads allowed us to generate $56 million of net income, $90 million in Adjusted EBITDA and $1.80 of earnings per diluted share for the quarter. For the full year, we delivered $159 million of net income, $272 million of Adjusted EBITDA and $5.16 of earnings per diluted share.”