Beazer Roars to Record $3B Revenue

ATLANTA-In a roaring finish to its most productive year ever, locally based Beazer Homes USA Inc. posted record 12-month revenue of $3.2 billion, up 20% from last year; logged all-time high home closings of 15,409, up 13% from 2002; and posted earnings per share of $12.78, up 19% over 2002.

Company president and CEO Ian J. McCarthy says Beazer’s performance “surpassed numerous milestones. For the first time, we generated annual revenue in excess of $3 billion and the fourth-quarter marked our first-ever $1 billion revenue quarter.”

McCarthy expects a repeat performance in 2004. “Our year-end backlog now stands at 7,426 homes with a sales value of $1.6 billion, up 14% and 27% respectively from the backlog homes and sales value at Sept. 30, 2002,” he says. “This sizable year-end backlog increase provides excellent visibility for another strong performance during fiscal 2004.”