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Beazer Homes Provides Preliminary Second Quarter Data; Reiterates Expectation Of Net Income For Fiscal 2014

Beazer Homes USA, Inc. (NYSE: BZH) ( today provided certain preliminary operational results for its fiscal second quarter and its approximation of the unrestricted cash balance as of March 31, 2014.
    Quarter Ended March 31,
New Orders, net     Closings     Backlog
2014     2013     Change 2014     2013     Change 2014     2013    

West 550 658 -16% 453 504 -10% 751 918 -18%
East 424 442 -4% 257 383 -33% 798 762 5%
Southeast 416 421 -1% 267 240 11% 614 531 16%
Total 1,390 1,521 -9% 977 1,127 -13% 2,163 2,211 -2%

As expected, new orders and closings were impacted by an estimated 6% decline in active community count, including a 21% decline in active community count in our West segment. In addition, closings, as well as some new orders, were impacted by severe weather conditions in our East Segment, which comprises approximately 40% of our active community count.

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