BEAZER HOMES USA INC (BZH) Form 10-Q — Aug 7, 2026
Beazer Homes' fiscal Q3 2026 10-Q discloses a definitive Merger Agreement under which Dream Finders Homes will acquire the company in an all-cash transaction at $33.50 per share, signed August 6, 2026. The deal is expected to close in the fourth quarter of calendar 2026, subject to stockholder and regulatory approval, after which Beazer will cease to be publicly traded. The quarter itself was soft: total revenue fell to $516.3 million from $545.4 million a year earlier, and the net loss widened to $4.2 million (EPS of -$0.16) from a $324 thousand loss in the prior-year quarter.
Key figures
- Eps
- -$0.16 (Q3 FY2026); -$1.36 (nine months FY2026)
- Revenue
- $516.3 million (Q3 FY2026), down from $545.4 million prior-year quarter
- Net Income
- -$4.2 million (Q3 FY2026); -$37.7 million (nine months FY2026)
- Total Debt
- $1.409 billion
- Debt Amount
- $400.0 million of 8.000% Senior Notes issued June 2026; $357.3 million of 5.875% 2027 Notes redeemed
- Total Assets
- $2.905 billion
- Cash Position
- $124.6 million (vs $214.7 million at September 30, 2025)
- Deal Value Usd
- $33.50 per share, all cash
- Interest Rate
- 8.000% (2032 Notes); 6.97% weighted-average on revolver borrowings; 6.38% weighted-average on Junior Subordinated Notes
- Maturity Date
- January 2032 (2032 Notes)
- Shares Outstanding
- 26679623
- Asp q3
- $547.8 thousand (+5.9% YoY)
- Closings q3
- 896
- Backlog units
- 1303
- Backlog value
- $758.5 million
- Controlled lots
- 24489
- Net new orders q3
- 900
- Active communities
- 170
- Litigation accrual
- $12.3 million
- Closings yoy change
- -13.4%
- Share repurchases q3
- $21.0 million (1.0 million shares at $21.01 avg)
- Share repurchases fytd
- $66.2 million (2.9 million shares)
- Credit facility capacity
- $525.0 million (upsized from $365.0 million; $340.0 million drawn)
- Inventory impairments q3
- $2.3 million
- Net new orders yoy change
- +4.5%
- Operating loss nine month
- -$62.2 million (vs +$11.8 million prior year)
- Revenue nine month fy2026
- $1,289.6 million (vs $1,579.7 million prior year)
- Homebuilding gross margin q3
- 13.6% (16.9% ex-impairments/interest)
- Total debt to capitalization
- 55.1% (vs 48.4% prior year)
- Remaining buyback authorization
- $21.3 million
Price after filing
Close on the filing date to close N calendar days later (from $33.18). Historical, not a forecast.
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