Beazer Homes reports Q2 EPS (1c) vs Q1 EPS 10c

Reports Q2 revenue $545.4M, consensus $554.4M. “During the third quarter, we continued to take actions aligned with achieving our Multi-Year Goals as we navigated a challenging sales environment,” said Allan P. Merrill, the company’s Chairman and Chief Executive Officer. “Double-digit growth in our community count and resilient gross margins helped to offset a weaker-than-expected sales pace, particularly in our Texas markets. We also increased book value per share to more than $41 through share repurchases.”