Beazer Homes Q3 revenue falls, to be acquired by Dream Finders Homes

Beazer Homes USA

07/08/2026 11:19

Overview
U.S. homebuilder's fiscal Q3 homebuilding revenue fell 8.3% on lower home closings
Adjusted EBITDA for fiscal Q3 beat analyst expectations despite declining year-over-year
Company to be acquired by Dream Finders Homes in $2.2 bln all-cash deal

Outlook
Beazer Homes is withdrawing its previously issued financial outlook due to pending acquisition by Dream Finders Homes

Result Drivers
LOWER HOME CLOSINGS - Co said homebuilding revenue fell due to a 13.4% decrease in home closings, partially offset by a 5.9% increase in average selling price
MARGIN PRESSURE - Co said gross margin excluding certain charges declined due to increased price concessions, closing cost incentives, and changes in product and community mix
ORDER GROWTH - Net new orders rose 4.5% on higher sales pace and slightly increased community count

Company press release: ID:nBw6mQN0ta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Homebuilding Revenue
 
$490.90 mln
 
Q3 Adjusted EBITDA
Beat
$15.60 mln
$8.44 mln (4 Analysts)
Q3 Homebuilding Gross Margin
 
13.6%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the homebuilding peer group is "hold."
Wall Street's median 12-month price target for Beazer Homes USA, Inc. is $26.50, about 20.8% below its August 6 closing price of $33.46
The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 22 three months ago

Reuters Recommended Reads
Aug 6 - Smith Douglas Homes Q2 revenue rises on home closings growth 
Aug 5 - Legacy Housing Q2 revenue rises 
Aug 6 - Persimmon lifts 2026 home completion target, warns costs could push back margin targets

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)