Beazer Homes Usa

Beazer Homes
USA was founded in 1993 and is headquartered in Atlanta, Georgia. It is a publicly traded company with a good stock performance record. Beazer HomesUSA is a fortune 500 stock listed company trading under the symbol BZH.

Beazer Homes USA, Inc. engages primarily in the design, building, and sale of single-family homes in the United States. The company also provides mortgage origination and title services to its homebuyers. It sells its homes through commissioned employees and independent brokers. Ian J. McCarthy is the President and Chief Executive Officer of Beazer Homes.

The success of this strategy is evident, once again, as we review Beazer Homes’ record performance in fiscal 2005. For fiscal year 2005, the company generated home closings of 18,146 and annual revenues of 5.0 billion dollars, up 10 percent and 28 percent, respectively, and both representing all-time Company records. This was accompanied by adjusted net income of 393 million dollars and adjusted diluted earnings per share of 8.72 dollars, in each case excluding a non-cash 130.2 million dollars goodwill impairment charge and representing increases from the prior year of 67 percent and 56 percent, respectively. In addition, homebuilding gross profit and adjusted operating income margins increased 290 and 270 basis points, respectively. At September 30, 2005, their backlog of homes stood at 9,233 with a sales value of 2.7 billion dollars, up 9 percent and 22 percent, respectively, from the prior year. They believe this sizeable backlog provides the basis for continued strong financial performance in fiscal 2006.

As part of the further development of the company's Profitable Growth Strategy to enhance shareholder value in the context of the current market environment, the Board of Directors authorized the expansion of the company's existing share repurchase program to a total of 10 million shares. During the first quarter of fiscal 2006, the company repurchased 1,014,600 shares of its common stock for approximately 67.0 million dollars or 66 dollars per share, while maintaining a debt to capitalization ratio of 47 percent, within its target range.

Beazer Homes is local homebuilder that understands your needs and is committed to the communities they create, backed by a solid national company that will stand behind every home they build. The company is honored to be your homebuilder of choice.