Beazer Homes USA |
|
|---|---|
| 2017 Performance Final Grade: 55.71/1002016 Final Grade: 55.8/100 | C-/C- |
| Change YoY | ||
|---|---|---|
| Net debt-to-capital | 61.1% | 160bps |
| Pretax home building income (in millions) | $67.6 | 31.3% |
| Total SG&A/Total revenue | 13% | -- |
| Total SG&A(in millions) | $252.5 | 4.4% |
| Return on invested capital | -5.1% | -520bps |
| Return on equity | -16.3% | -1,670bps |
| Total shareholder return | 45.6% | -- |
| EPS | -$3.06 | -4393% |
| Change YoY | ||
|---|---|---|
| Community count | 155 | -1 |
| Share of lots optioned to total controlled | 25.6% | -7% |
| Change YoY | ||
|---|---|---|
| Home building gross margins | 16.4% | 30bps |
| Sales per month to break even (per community) |
2.37 | -- |
| Revenue per employee (in millions) |
$1.8 | 7.3% |
| Change YoY | ||
|---|---|---|
| Closings | 5,596 | 4.3% |
| Sales velocity (per community per month) |
3.0 | 4.2% |
| Unit backlog | 1,899 | -1.4% |
| Total revenue (in millions):$1,949 |
| HB revenue (in millions): $1,927 |
| Debt per share: $41.32 |
| Equity per basic share: $17.24 |
| HB pretax margin: 3.5% |
| Backlog value (in millions): $704.4 |
| Inventory (in millions):$1,626.7 |
| Lot supply (in years): 3.8 |
Fiscal 2017 was notable for Beazer (NYSE: BZH) as it made significant progress on its “Balanced Growth” initiative, which, starting in fiscal 2016, called for reducing outstanding debt by at least $250 million over the next three fiscal years while continuing to grow the business. Following fiscal 2016 deleveraging efforts, the company shifted priorities for fiscal 2017 toward growing the top line and expanding profitability, while at the same time increasing the efficiency of its balance sheet.