Beazer Homes Announces $50 Million Share Repurchase Program
Retrieved on:
Wednesday, May 11, 2022
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Beazer Homes USA, Inc. (NYSE: BZH) ( www.beazer.com ) today announced that its Board of Directors has approved a new share repurchase program authorizing management to repurchase up to $50 million of the Companys outstanding common stock.
Key Points:
- Beazer Homes USA, Inc. (NYSE: BZH) ( www.beazer.com ) today announced that its Board of Directors has approved a new share repurchase program authorizing management to repurchase up to $50 million of the Companys outstanding common stock.
- This new authorization replaces a prior share repurchase authorization pursuant to which $12 million of capacity was remaining.
- The decision to authorize a new repurchase program reflects our disciplined approach to capital allocation, said David Goldberg, Senior Vice President and CFO.
- The Company expects to fund repurchases under the share repurchase program with cash on hand and cash generated from operations.