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Beazer Posts Q3 EPS of $3.01

ATLANTA-Earnings per share are up 16% as the locally based shelter builder ends its third fiscal quarter June 30 showing total revenue of $772 million (up 4%) and all-time record new orders of 4,734 homes (up 12%).

By Alex Finkelstein | Updated on July 24, 2003

ATLANTA-Beazer Homes USA Inc., annually ranked as one of the top 10 residential developers in the country, has ended its third fiscal quarter June 30 showing numbers only a builder and his banker could love.

Earnings per diluted share are $3.01, up 16% from the prior year; total revenue is $772 million, up 4%; net income is $40.7 million, up 17%; and all-time record new orders of 4,734 homes are 12%.

“We ended the June 2003 quarter with one of our strongest balance sheets ever,” says David S. Weiss, executive vice president and CFO. The single-family and townhomes developer improved its ratio of debt to total capitalization from 50% to 44%.

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