Beazer Homes USA, Inc. (NYSE:BZH) Q4 2024 Earnings Call Transcript November 13, 2024 5:00 PM ET

Company Participants

Dave Goldberg - SVP and CFO
Allan Merrill - Chairman and CEO

Conference Call Participants

Alex Hantman - Sidoti & Company
Alan Ratner - Zelman & Associates
Tyler Batory - Oppenheimer
Jay McCanless - Wedbush
Alex Rygiel - B. Riley
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 30th 2024. Today's call is being recorded and a replay will be available on the company's website later today. In addition, PowerPoint slides intended to accompany this call are available in 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.

Dave Goldberg

Thank you. Good afternoon, and welcome to the Beazer Homes conference call discussing our results for the fourth quarter and full year of fiscal 2024.

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 this 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 today is Allan Merrill, our Chairman and Chief Executive Officer. On our call today, Allan will discuss highlights from our fiscal 2024 results, the recent environment for new-home sales, our preliminary outlook for fiscal 2025 and the significant progress we are making towards our multi-year goals. I'll then provide detailed guidance for our first quarter results, additional color on our outlook for the full fiscal year and end with a discussion of both our balance sheet and our land spend expectations. Allan will conclude with a wrap-up, after which we will take any questions in 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 this afternoon. We had a very productive fiscal '24, during which we invested for the future, generated double-digit returns for shareholders, and accelerated our adoption of Zero Energy Ready building practices. Each of these results contributed to our progress toward our multi-year goals. I'm particularly encouraged that we were able to achieve these outcomes in a new home sales environment characterized by stretched affordability and stubbornly high mortgage rates.