Beazer Homes Q4 Earnings Surge - Quick Facts

(RTTNews) - Beazer Homes USA, Inc. (BZH) Wednesday reported fourth-quarter earnings which increased, helped by a significantly larger tax benefit, and higher home closings and prices.

For the three months to September, the home builder's net earnings were $59.85 million, or $1.88 per share, up from $11.95 million, or $0.38 per share, a year earlier.

On average, ten analysts polled by Thomson-Reuters expected earnings to be $1.08. Analysts' estimates typically exclude one-time items.

Ebitda, on an adjusted basis, totaled $56.49 million, compared with $41.54 million a year earlier.

Revenues soared to $545.9 million, from $438.33 million last year, above the $506.35 million Wall Street expected.

New home orders during the quarter declined slightly to 1,173, from 1,192 a year earlier.