Filing Flows › Beazer Homes USA (BZH) › Q2 FY25
Beazer Homes USA (BZH) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 1, 2025
Beazer Homes USA (BZH) reported revenue of $565M for the second quarter fiscal 2025 (Q2 FY25), +4% from a year earlier and +21% from the quarter before. Operating margin was 2.4%, net earnings $12.8M (2.3% of revenue).
Beazer Homes USA, Q2 FY25: revenue $565M (+4% year over year), operating margin 2.4%, net earnings $12.8M, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $565M | +21% | +4% |
| Gross profit | $86.0M | +19% | -16% |
| Operating profit | $13.4M | +525% | -63% |
| Net earnings | $12.8M | +308% | -67% |
| Operating cash flow | $3.4M | — | — |
What changed
Revenue was $565.3M in Q2 FY25, up 4% year over year and up 21% from the previous quarter. West was the largest line at 66% of revenue. West added $26.5M year over year (up 8%), 111% of the total change. Southeast declined 14%.
Gross margin was 15.2%, down 3.6 points from a year earlier. Operating profit was $13.4M, a 2.4% margin (down 4.3 points year over year). Operating profit fell $22.6M even though revenue rose $23.8M versus a year earlier, so costs grew faster than sales. Operating expenses grew 10% against revenue growth of 4%. The fastest-growing cost line was General & admin (+12%). Net earnings were $12.8M, down 67% year over year. The effective tax rate was 9.8%.
Operating cash flow was $3.4M, 27% of net earnings. Non-cash charges added back $4.6M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $15.7M. Capital expenditures of $7.8M exceeded it, leaving free cash flow of −$4.4M.
Questions
What was Beazer Homes USA's revenue in the second quarter fiscal 2025?
Beazer Homes USA (BZH) reported revenue of $565M for the second quarter fiscal 2025 (Q2 FY25), +4% from a year earlier and +21% from the quarter before.
Was Beazer Homes USA profitable in the second quarter fiscal 2025?
Operating profit was $13.4M (2.4% of revenue) and net earnings $12.8M.
Source: Beazer Homes USA 10-Q on SEC EDGAR.