Beazer Homes USA, Inc. announced an acceleration in the pace of its share repurchases. This decision was made in light of recent share price dislocation, indicating management's view that the stock is undervalued.
The company will continue repurchasing shares under its previously authorized program, which had approximately $24.8 million remaining. Since January 30th, following the release of its first quarter 2025 earnings, Beazer Homes has already repurchased approximately $4.1 million of its shares.
Accelerated share repurchases can reduce the number of outstanding shares, potentially increasing earnings per share and book value per share. This move reflects a strategic capital allocation choice aimed at enhancing shareholder returns.
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