BZH

EX-99.1

2 exhibit991-33126.htm

EX-99.1

Document

Exhibit 99.1

PRESS RELEASE

Beazer Homes Reports Second Quarter Fiscal 2026 Results

ATLANTA, April 30, 2026 - Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced its financial results for the three and six months ended March 31, 2026.

"Second quarter results reflected a positive start to the spring selling season, with results generally in line with our expectations," said Allan P. Merrill, the Company’s Chairman and Chief Executive Officer. "However, geopolitical events triggered a rapid rise in mortgage rates and gas prices in March, impacting consumer sentiment. As a result, we are more cautious about near-term demand."

"Despite these uncertainties, we still have visibility into our second half margin improvement catalysts. Construction cost reductions, favorable community and to-be-built mix shifts, and increasing contributions from our newest communities continue to materialize. Macroeconomic headwinds and affordability challenges persist, but we have high conviction in our differentiated strategy and the underlying value of our assets, so we accelerated our share repurchases during the second quarter, spending another $30 million on buybacks."

Speaking to Beazer’s Multi-Year Goals, Mr. Merrill said, "We continue to work toward our fiscal 2027 goals for community count, deleveraging, and book value per share growth. While the industry cycle and global events present near-term challenges, we continue to execute our product strategy, focus on margin expansion, and prudently manage the balance sheet and allocate capital, which together position Beazer for improved returns."

Beazer Homes Fiscal Second Quarter 2026 Highlights and Comparison to Fiscal Second Quarter 2025

•Net loss was $0.9 million, or net loss of $0.03 per diluted share. During the fiscal second quarter 2025, net income was $12.8 million, or $0.42 per diluted share

•Adjusted EBITDA was $2.6 million, compared to Adjusted EBITDA of $38.8 million a year ago

•Homebuilding revenue was $397.7 million, down 28.5% on a 29.8% decrease in home closings to 757, partially offset by a 2.0% increase in average selling price (ASP) to $525.4 thousand

•Homebuilding gross margin was 12.0%, down 310 basis points compared to a year ago. Excluding impairments, abandonments and amortized interest, homebuilding gross margin was 15.6%, down 270 basis points

•SG&A as a percentage of total revenue was 15.5%, up 350 basis points; SG&A expense was $63.6 million, down 6.5%

•Net new orders were 1,048, down 4.6% on a 7.2% decrease in orders per community per month to 2.1, partially offset by a 2.9% increase in average active community count to 167

•Active community count at period-end of 169, up 4.3%

•Backlog dollar value was $756.1 million, down 9.1% on a 14.9% decrease in backlog units to 1,299, partially offset by a 6.8% increase in ASP of homes in backlog to $582.1 thousand

•Land acquisition and land development spending was $187.0 million, down 5.1% from $197.0 million

•Repurchased $30.0 million of the Company's outstanding common stock

•Controlled lots of 24,824, down 12.3% from 28,290

•Unrestricted cash at quarter end was $116.4 million; total liquidity was $401.1 million

•Total debt to total capitalization ratio of 51.2% at quarter end compared to 46.8% a year ago. Net debt to net capitalization ratio was 48.7% at quarter end compared to 44.8% a year ago

The following provides additional details on the Company's performance during the fiscal second quarter 2026:

Profitability. Net loss was $0.9 million, generating diluted loss per share of $0.03. Second quarter Adjusted EBITDA was $2.6 million compared to Adjusted EBITDA of $38.8 million a year ago. The decrease in Adjusted EBITDA was primarily due to lower closings and lower gross margin.

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Orders. Net new orders for the second quarter decreased to 1,048, down 4.6% from 1,098 in the prior year quarter, driven by a 7.2% decrease in sales pace to 2.1 orders per community per month from 2.3 in the prior year quarter, partially offset by a 2.9% increase in average community count to 167 from 163 a year ago. The cancellation rate for the quarter was 13.5%, down from 16.9% in the prior year quarter.

Backlog. The dollar value of homes in backlog as of March 31, 2026 was $756.1 million, representing 1,299 homes, compared to $831.5 million, representing 1,526 homes, at the same time last year. The ASP of homes in backlog was $582.1 thousand, up 6.8% versus the prior year quarter. The increase in backlog ASP was primarily due to changes in product and community mix.

Homebuilding Revenue. Second quarter homebuilding revenue was $397.7 million, down 28.5% year-over-year. The decrease in homebuilding revenue was driven by a 29.8% decrease in home closings to 757 homes, partially offset by a 2.0% increase in ASP to $525.4 thousand. The decrease in closings was primarily due to lower beginning backlog, partially offset by improved constru

bzh-202601290000915840false00009158402026-01-292026-01-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest reported event): January 29, 2026

BEAZER HOMES USA, INC.

(Exact name of registrant as specified in its charter)

Delaware 001-12822 58-2086934 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

2002 Summit Boulevard, 15th Floor Atlanta, Georgia 30319 (Address of Principal Executive Offices) (770) 829-3700 (Registrant’s telephone number, including area code) None (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.001 par valueBZHNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02Results of Operations and Financial Condition

On January 29, 2026, Beazer Homes USA, Inc. issued a press release announcing results of operations for the three months ended December 31, 2025. A copy of the press release is attached hereto as Exhibit 99.1. The information provided pursuant to this Item 2.02, including Exhibit 99.1 in Item 9.01, is "furnished" and shall not be deemed to be "filed" with the Securities and Exchange Commission or incorporated by reference in any filing under the Securities and Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filings.

Item 9.01Financial Statements and Exhibits

(d) Exhibits

99.1Press Release dated January 29, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BEAZER HOMES USA, Inc.

Date: January 29, 2026  By:/s/ David I. Goldberg David I. Goldberg Senior Vice President and Chief Financial Officer

bzh-202511130000915840false00009158402025-11-132025-11-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest reported event): November 13, 2025

BEAZER HOMES USA, INC.

(Exact name of registrant as specified in its charter)

Delaware 001-12822 58-2086934 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

2002 Summit Blvd NE, 15th Floor Atlanta, Georgia 30319 (Address of Principal Executive Offices) (770) 829-3700 (Registrant’s telephone number, including area code) None (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.001 par valueBZHNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02Results of Operations and Financial Condition

On November 13, 2025, Beazer Homes USA, Inc. issued a press release announcing results of operations for the fiscal year ended September 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1. The information provided pursuant to this Item 2.02, including Exhibit 99.1 in Item 9.01, is "furnished" and shall not be deemed to be "filed" with the Securities and Exchange Commission or incorporated by reference in any filing under the Securities and Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filings.

Item 9.01Financial Statements and Exhibits

(d) Exhibits

99.1Press Release dated November 13, 2025

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BEAZER HOMES USA, Inc.

Date: November 13, 2025  By: /s/ David I. Goldberg David I. Goldberg Senior Vice President and Chief Financial Officer