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Beazer Homes USA, Inc. is a home construction company based in Atlanta, Georgia. In 2016, the company was the 11th largest home builder in the United States based on the number of homes closed. [2] The company operates in 13 states. [1] As of December 31, 2016, the company had 161 active communities. [1]
Beazer was a family business for six generations [1] before expanding in the 1980s into an international housebuilding, construction, and building materials group. After becoming overburdened with debt it was rescued by Hanson plc in 1991.
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In early 2001, Persimmon acquired Beazer Homes UK in exchange for £612 million, which brought the company's annual output to over 12,000 homes per year. [27] [5] The deal came about after Beazer and Bryant announced a 'merger of equals' that was to create a new house builder called Domus. [28]
Beazer Homes' (NYS: BZH) latest quarterly report cements its place among homebuilders hit hard by the housing downturn. The company's third-quarter losses more than doubled to $59.1 million as ...
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Margins matter. The more Beazer Homes USA (NYS: BZH) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.