Filing Flows › Beazer Homes USA (BZH) › Q4 FY24
Beazer Homes USA (BZH) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 13, 2024
Beazer Homes USA (BZH) reported revenue of $806M for the fourth quarter fiscal 2024 (Q4 FY24), +25% from a year earlier and +35% from the quarter before. Operating margin was 7.2%, net earnings $52.1M (6.5% of revenue).
Beazer Homes USA, Q4 FY24: revenue $806M (+25% year over year), operating margin 7.2%, net earnings $52.1M, operating cash flow $185M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $806M | +35% | +25% |
| Gross profit | $141M | +37% | +3% |
| Operating profit | $58.2M | +104% | -6% |
| Net earnings | $52.1M | +91% | -7% |
| Operating cash flow | $185M | — | +126% |
| Free cash flow | $180M | — | +137% |
What changed
Revenue was $806.2M in Q4 FY24, up 25% year over year and up 35% from the previous quarter. West was the largest line at 64% of revenue.
Gross margin was 17.5%, down 3.7 points from a year earlier. Operating profit was $58.2M, a 7.2% margin (down 2.4 points year over year). Operating profit fell $3.8M even though revenue rose $160.8M versus a year earlier, so costs grew faster than sales. Operating expenses grew 11% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+28%). Net earnings were $52.1M, down 7% year over year. The effective tax rate was 14.1%.
Operating cash flow was $185.4M (up 126% year over year), 356% of net earnings. Non-cash charges added back $5.2M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $126.3M. Capital expenditures of $5.7M left free cash flow of $179.8M.
Questions
What was Beazer Homes USA's revenue in the fourth quarter fiscal 2024?
Beazer Homes USA (BZH) reported revenue of $806M for the fourth quarter fiscal 2024 (Q4 FY24), +25% from a year earlier and +35% from the quarter before.
Was Beazer Homes USA profitable in the fourth quarter fiscal 2024?
Operating profit was $58.2M (7.2% of revenue) and net earnings $52.1M.
Source: Beazer Homes USA 10-K on SEC EDGAR.