Beazer Reports Quarterly Loss of 81 Cents Per Share
Revenue for the quarter fell to $274.8 million, from $365.6 million a year earlier, the company said in a statement. Beazer took a $26.5 million non-cash pre-tax charge related to inventory impairments.
"We are pleased with the overall operational and financial progress we made during fiscal 2010," CEO Ian McCarthy said. "With a substantially improved balance sheet and gradually improving operational performance, we believe we are well positioned to participate in the eventual housing recovery."