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I'm not a stock trading expert, but I can still provide some general information about a company with the stock symbol BUILD, which is the company Beazer Homes USA, Inc.
Beazer Homes USA, Inc. (BUIL) is a public company that is listed on the New York Stock Exchange (NYSE). It is a homebuilding company based in Atlanta, Georgia, that designs, builds, and sells single-family homes and attached homes primarily in the United States.
Beazer Homes has been in business for over 25 years and operates in 13 states, including Arizona, California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas, and Virginia.
Regarding the company's financials, in their most recent earnings report for the second quarter of 2021, Beazer Homes reported a 17.5% increase in new home orders and an 11.4% increase in home closings compared to the same period in the previous year. The company's net income for the quarter was $45.3 million, a significant improvement from the net loss of $12.2 million reported in the same quarter of 2020.
Furthermore, Beazer Homes' gross margin increased to 21.8% in Q2 2021, from 20.4% in Q2 2020, indicating improved profitability in their homebuilding operations.
However, it's worth noting that like many other companies in the homebuilding industry, Beazer Homes has been impacted by supply chain disruptions and rising material costs due to the COVID-19 pandemic. Despite these challenges, the company has implemented pricing strategies and operational efficiency measures to mitigate these impacts.
Investors interested in Beazer Homes should keep an eye on the company's financial performance, housing market conditions, and broader macroeconomic trends that could impact the homebuilding industry. As with any investment, it's important to conduct thorough research and seek advice from financial advisors before making investment decisions.
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