BEAZER HOMES USA INC [BZH] has reported $158611 profit for Q4 2023 ended Q3.
The ATLANTA, Georgia based company recorded net profit of $177253K on operating income of 177253. Earnings per share rose to 5.16.
Based on the values in the Balance Sheet table, there has been an increase in Total Assets from $2,251,963 in the previous year to $2,411,033 in the current reporting period. This growth in Total Assets can be attributed to an increase in Owned Inventory and Deferred Tax Assets, net. On the other hand, there has been a slight decrease in Total Liabilities from $1,312,677 in the previous year to $1,308,214 in the current reporting period. This decrease in Liabilities can be seen in the decrease in Total Debt, net. However, there has been an overall increase in Total Stockholder's Equity from $939,286 in the previous year to $1,102,819 in the current reporting period due to an increase in Paid-in Capital and Retained Earnings.
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Beazer: Fiscal Q4 Earnings SnapshotIn the 12-month period ending on September 30, 2023, the total revenue was $2.21 billion, a decrease of 4.8% compared to the previous year's revenue of $2.32 billion. The cost of goods sold was $1.76 billion, slightly lower than the cost of goods sold in the previous year. As a result, the gross profit decreased from $537.5 million in the previous year to $442.7 million. Despite this decrease, the company managed to reduce its general and administrative expenses from $177.3 million to $179.7 million. This contributed to a higher operating income of $177.3 million, compared to $272.5 million in the previous year. The net income also decreased from $220.7 million in the previous year to $158.6 million. However, the earnings per share remained relatively stable at $5.23 per share for both basic and diluted earnings per share.
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Beazer: Fiscal Q4 Earnings SnapshotIn the Cash Flow Statement table, comparing the data from the current reporting period to the year over year values, we can observe the following trends:
1. Net cash from operating activities has significantly increased from $31,656 in 2021 to $81,074 in 2022, and further to $178,057 in 2023. This indicates improved cash generation from core business operations.
2. Net cash from investing activities has shown a negative trend, with cash used in investing activities decreasing from $14,189 in 2021 to $14,709 in 2022, and further to $29,670 in 2023. This suggests higher capital expenditures and lesser proceeds from the sale of fixed assets.
3. Net cash from financing activities has seen a decline, with cash used in financing activities decreasing from $85,852 in 2021 to $88,680 in 2022, and further to $13,926 in 2023. This reflects reduced debt repayment and stock repurchases.
Overall, the company has experienced a net increase in cash and cash equivalents, with $134,461 in 2023, compared to a net decrease of $22,315 in 2022 and $68,385 in 2021. This indicates an improvement in the company's financial position over the years.
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