Beazer Homes Inc. (BZH)

[Zephyr]

Beazer Homes updates expectations for certain FY 2010 operating data


6:18 AM ET 9/15/10 | Briefing.com
Co announces updates to operating metrics. The Company previously has said that it expected new home orders for FY10 to be higher than FY09. Based on sales results through September 15th, the co now expects that new home orders will be between 700 and 800 homes for the fourth quarter of FY10, resulting in YoY new home orders that may be above or below FY09 results. This revised expectation reflects a slower-than-anticipated improvement.The co expects full year FY10 land and land development spending will be below $200 mln vs stated $200-220 mln. The co expects FY10 Gross Margins to be higher than comparable FY09 were 11.7%.