Beazer Homes USA, Inc. (NYSE:BZH) Q4 2023 Earnings Conference Call November 16, 2023 5:00 PM ET

Company Participants

David Goldberg - Senior Vice President and Chief Financial Officer

Allan Merrill - Chairman and Chief Executive Officer

Conference Call Participants

Julio Romero - Sidoti & Company

Alan Ratner - Zelman & Associates

Alex Rygiel - B. Riley Securities

Jay McCanless - Wedbush Securities

Alex Barron - Housing Research Center

Operator

Good afternoon and welcome to the Beazer Homes Earnings Conference Call for the Fourth Quarter and Fiscal Year ended September 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 for our fourth quarter and full-year 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 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 fiscal 2023 results, an update on our multiyear goals, how we are navigating the affordability challenges for home buyers, and our growth expectations for fiscal 2024. I'll then provide details on our fiscal 2023 full-year results, updates on our cycle time and cost reduction initiatives, additional details on our expectations for the first quarter and full-year, and end with a look at our balance sheet and book value.

We will conclude with a wrap-up by Allan. After our prepared remarks, we will take questions during the remaining time.

I will now turn the call over to Allan.

Allan Merrill

Thank you, Dave, and thank you for joining us on our call today. I'm extremely proud of our team's efforts and results for fiscal ‘23. We overcame an exceptionally difficult sales environment in the first quarter of last year, which allowed us to make significant progress against our balanced growth and multiyear goals. With a strong finish in the fourth quarter, we delivered both financial and operational results that met or exceeded our expectations.