In its fourth-quarter financial report, Beazer Homes USA Inc. (BZH) announced a decline in profit compared to the same quarter in the previous year, surpassing Wall Street expectations nonetheless.
The company reported a net income of $52.1 million, translating to $1.69 per share, in contrast to last year’s fourth-quarter figures of $55.8 million, or $1.80 per share.
Thomson Reuters data shows that analysts, on average, anticipated earnings of $1.35 per share for the quarter, typically not accounting for any special items.
Notably, the company's quarterly revenue saw a substantial increase of 24.9%, reaching $806.2 million, up from last year’s $645.4 million.
To summarize Beazer Homes USA Inc.'s earnings for the fourth quarter (GAAP):
- Net Income: $52.1 million compared to $55.8 million in the prior year.
- Earnings Per Share (EPS): $1.69, down from $1.80 last year.
- Revenue: $806.2 million, rising from $645.4 million in the previous year.
