Better-than-Anticipated Earnings
The second quarter results reflected better-than-anticipated earnings, with adjusted EBITDA of $38.8 million and earnings per diluted share of $0.42.
Improved Community Count
The company reported a growing community count, up nearly 12% year-over-year, and expects to end the year with a community count in the 170s.
Significant Share Repurchases
Beazer Homes repurchased more than $20 million of stock in the quarter, bringing total repurchases to $42 million over the past three years. A new authorization for $100 million in share repurchases was announced.
Book Value Per Share Growth
The company has achieved a five-year CAGR of over 17% in book value per share and targets a double-digit CAGR through fiscal 2027.
Zero Energy Ready Home Success
The company has nearly achieved its Zero Energy Ready goal, with only 30 homes left to start from the prior product series.