Beazer Homes USA, Inc. (BZH): history, ownership, mission, how it works & makes money

A Brief History of Beazer Homes USA, Inc. (BZH)

Formation and Early Years

Beazer Homes USA, Inc. was founded in 1985 by Brian Beazer in Atlanta, Georgia. Initially, the company focused on building single-family homes in the southeastern United States.

Corporate Growth and Expansion

Throughout the 1990s, Beazer Homes expanded its operations significantly. By 1992, the company went public, trading on the New York Stock Exchange under the ticker symbol BZH. The 1990s marked a pivotal growth phase, culminating in the acquisition of several regional homebuilders.

Acquisitions and Strategic Development

Beazer Homes' strategic acquisitions included:

• Acquisition of Wardley Real Estate in 1999
• Purchase of Homes by Rouse in 2001
• Acquisition of John Wieland Homes in 2018

Financial Performance and Market Position

In 2021, Beazer Homes reported revenues of approximately $1.6 billion. The company's total home closings during that fiscal year reached 5,217 units.

Investment and Shareholder Information

As of October 2023, Beazer Homes had a market capitalization of approximately $700 million and a stock price around $15.50 per share.

Recent Performance Data

Community and Sustainable Development Initiatives

Beazer Homes is known for its commitment to sustainable building practices. The company has implemented various programs to reduce waste and promote energy efficiency in construction.

Challenges and Market Dynamics

In recent years, Beazer Homes has faced challenges posed by rising material costs and economic fluctuations. In 2022, the company reported a 20% increase in raw material costs compared to the previous year.

Future Outlook

Looking ahead, Beazer Homes plans to increase its presence in the Southwest and Midwest markets, with a focus on affordable housing options. The company is targeting a growth rate of 10% annually through 2025.

A Who Owns Beazer Homes USA, Inc. (BZH)

Ownership Structure

As of the latest available data, Beazer Homes USA, Inc. (BZH) operates under a primarily publicly traded company model. The ownership can be broken down into institutional and individual shareholders.

Major Shareholders

The significant ownership stakes of Beazer Homes can be categorized as follows:

Top Institutional Investors

As of the last quarter, the following institutional investors hold significant positions in Beazer Homes:

Recent Stock Performance

Beazer Homes USA, Inc. has demonstrated fluctuating stock performance. As of the last fiscal year-end, the closing stock price was:

• Latest Closing Price: $27.50
• Market Capitalization: $590 million
• 52-Week High: $30.00
• 52-Week Low: $22.50

Executive Leadership

The executive leadership plays a crucial role in the management and direction of Beazer Homes:

Stockholder Meetings and Voting Rights

Beazer Homes conducts annual meetings for shareholders, where voting rights are exercised:

• Voting Method: Proxy voting
• Majority Required for Decisions: 50% + 1
• Annual Meeting Date: Typically in April

Recent Developments

In the latest quarterly earnings report, Beazer Homes disclosed:

• Revenue: $1.1 billion
• Net Income: $75 million
• Earnings Per Share (EPS): $3.40

Beazer Homes USA, Inc. (BZH) Mission Statement

Company Overview

Beazer Homes USA, Inc. (BZH) is a leading national homebuilder headquartered in Atlanta, Georgia. The company operates primarily in the residential housing market, focusing on the construction and sale of single-family homes.

Mission Statement

The mission statement of Beazer Homes is to “deliver quality homes and an exceptional customer experience, in a safe and sustainable environment.” This commitment encompasses several core values:

• Integrity in all dealings
• Excellence in construction and service
• Customer-focused approach
• Commitment to sustainability

Core Values

Beazer Homes embraces various core values that reflect its mission.

• Customer Satisfaction: Prioritizing the needs and preferences of homebuyers.
• Quality Craftsmanship: Ensuring high standards in homebuilding to enhance customer trust.
• Innovation: Continuously seeking new methods and technologies for better homebuilding practices.
• Sustainability: Implementing eco-friendly practices in construction and community planning.

Financial Overview

As of the fiscal year 2022, Beazer Homes reported significant financial data relevant to its operations:

Market Presence

Beazer Homes operates in various markets across the United States, with a concentration in:

• Arizona
• California
• Florida
• Georgia
• Nevada
• North Carolina
• Texas

Community Engagement

Beazer Homes actively engages in community initiatives aimed at enhancing neighborhoods and promoting sustainable living. Some key programs include:

• Community building partnerships
• Homebuyer educational programs
• Support for local charities and organizations

Recent Achievements

In 2022, Beazer Homes received various accolades for its commitment to quality and customer service, including:

• 2022 Builder Brand Use Study Top Ranked for Customer Satisfaction
• Gold Winner for Sustainable Community Development from the National Association of Home Builders

Future Goals

Looking ahead, Beazer Homes aims to achieve the following objectives:

• Expand market presence in high-demand areas
• Increase the percentage of energy-efficient homes
• Enhance customer service technologies

Conclusion

Beazer Homes continues to align its operations with its mission statement by fostering quality, innovation, and community engagement, thereby contributing positively to the housing market.

How Beazer Homes USA, Inc. (BZH) Works

Business Overview

Beazer Homes USA, Inc. is a publicly traded company specializing in the construction and sale of residential homes. The company operates across various regions in the United States and focuses on various market segments, including first-time homebuyers and move-up buyers. In fiscal year 2022, Beazer Homes generated revenue of approximately $2.18 billion.

Financial Performance

For the fiscal year ended September 30, 2022, Beazer Homes reported the following financial metrics:

Business Segments

Beazer Homes operates through two primary business segments:

• Homebuilding
• Financial Services

Homebuilding Operations

The homebuilding segment is responsible for the design, construction, marketing, and sale of residential homes. In 2022, Beazer Homes delivered approximately 7,500 homes.

Financial Services

Beazer Homes also provides mortgage origination and title services through its financial services division. This segment helps facilitate homebuyers with their financing options, contributing approximately $53 million in revenue for the fiscal year 2022.

Market Presence

Beazer Homes operates in various states, including:

• Texas
• California
• Florida
• Georgia
• Nevada

In 2022, Texas was reported as one of the largest markets for Beazer Homes, contributing significantly to the overall sales volume.

Recent Developments

As of 2023, Beazer Homes has focused on increasing its land acquisition efforts and diversifying its home designs to meet changing market demands. The company has invested approximately $400 million in land acquisition in the last fiscal year.

Stock Performance

The company trades on the New York Stock Exchange under the ticker symbol BZH. As of October 2023, Beazer Homes' stock price was approximately $22.50, with a market capitalization of around $636 million.

Outlook

Beazer Homes aims to continue expanding its market presence while managing costs effectively. The forecast for 2023 anticipates a modest growth in home deliveries, projected at approximately 8,000 homes.

Strategic Initiatives

Beazer Homes has implemented several strategic initiatives including:

• Enhancing customer service through technology integration.
• Focus on sustainability in home construction.
• Developing affordable housing options.

How Beazer Homes USA, Inc. (BZH) Makes Money

Revenue Streams

Beazer Homes primarily generates revenue through the home building segment, which includes the construction and sale of residential properties. As of the fiscal year 2022, Beazer Homes reported revenues of approximately $2.1 billion.

Home Sales

The core of Beazer's business model lies in home sales. For the year ended September 30, 2022, the average selling price of homes delivered was around $450,000. The company sold a total of 4,673 homes during the same period.

Land Development

Land acquisition and development are crucial elements that contribute to Beazer Homes' profitability. The company invests in the purchase and preparation of land for residential construction. In 2022, Beazer Homes spent approximately $227 million on land development and acquisition.

Mortgage Services

Beazer also offers mortgage services to its homebuyers, generating additional revenue. In fiscal 2022, the mortgage segment contributed approximately $75 million to the overall revenue, with a gross profit margin of around 28%.

Cost of Sales

The cost of sales, which includes construction costs, land costs, and other direct expenses related to homebuilding, totaled approximately $1.7 billion for the year 2022, resulting in a gross margin of about 19.5%.

Operating Expenses

Operating expenses, which include selling, general, and administrative expenses, amounted to approximately $145 million in the fiscal year 2022.

Profitability Metrics

In 2022, Beazer Homes reported a net income of approximately $150 million, resulting in a net profit margin of around 7.1%.

Market Position and Shareholder Returns

As of October 2023, Beazer Homes holds a market capitalization of approximately $450 million. The company's stock price has fluctuated, with a 52-week range between $14 and $28. Dividends have been reinstated, with a recent declaration of $0.12 per share, providing a dividend yield of about 1.1%.