Beazer Homes USA, Inc. (NYSE:BZH) Q3 2023 Earnings Conference Call July 27, 2023 5:00 PM ET
Company Participants
David Goldberg - Senior Vice President and CFO
Allan Merrill - Chairman and CEO
Conference Call Participants
Alan Ratner - Zelman & Associates
Alex Rygiel - B. Riley Securities
Jay McCanless - Wedbush
Julio Romero - Sidoti
Alex Barron - Housing Research Center
Operator
Good afternoon. And welcome to the Beazer Homes Earnings Conference Call for the Fiscal Third Quarter Ended June 30, 2023. Today’s call is being recorded and a replay will be available on the company’s website later today. In addition, presentation slides intended to accompany this call are available within the Investor Relations section of the company’s website at www.beazer.com.
At this point, I will turn the call over to David Goldberg, Senior Vice President and Chief Financial Officer.
David Goldberg
Thank you. Good afternoon. And welcome to the Beazer Homes conference call discussing our results for the third quarter of fiscal 2023.
Before we begin, you should be aware that during this call, we will be making forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors described in our SEC filings, which may cause actual results to differ materially from our projections.
Any forward-looking statement speaks only as of the date the statement is made. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. New factors emerge from time-to-time and it is simply not possible to predict all such factors.
Joining me is Allan Merrill, our Chairman and Chief Executive Officer. Today, Allan will discuss highlights from our third quarter, the current environment for new home sales and an update on our strategy and the goals we have for the future. I’ll provide details on the third quarter, expectations for future results, updates on our cycle times and cost reduction initiatives and end with a look at our balance sheet. We will conclude with the wrap-up by Allan. After our prepared remarks, we will take questions during the time remaining.
I will now turn the call over to Allan.
Allan Merrill
Thank you, Dave, and thank you for joining us this afternoon. We had a very productive third quarter, highlighted by continued strength in new home orders and further recovery in our construction cycle times. These factors and the great work of our team allowed us to exceed the expectations we outlined in April.