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Jan 28 , 2021 4:15 PM Eastern Standard Time Beazer Homes Reports Strong First Quarter Fiscal 2021 Results Share in X • • • ATLANTA -- ( BUSINESS WIRE ) -- Beazer Homes USA , Inc. ( NYSE : BZH ) ( www.beazer.com ) today announced its financial results for the three months ended December 31 , 2020 . " We finished the first quarter of our fiscal year with very strong operational and financial results , ” said Allan P. Merrill , the company's Chairman and Chief Executive Officer . " We generated a significantly higher sales pace relative to the same quarter last year , more than offsetting a temporary reduction in our community count . At the same time , we increased the number of lots we own or control as we position for enhanced growth in the coming years . On the financial side , profitability expanded meaningfully with notable improvements in both gross margin and overhead cost efficiency leading to higher Adjusted EBITDA and Net Income . " Commenting on Fiscal 2021 full year expectations , Mr. Merrill said , " With the strong results we generated in the first quarter , a healthy demand environment and a dollar value of backlog of sold homes up nearly 60 % compared to this time last year , we have confidence that we will generate substantial growth in book value while continuing to reduce leverage . " Looking beyond Fiscal 2021 , Mr. Merrill concluded , " Our pivot to growth this year , supported by our differentiated and comprehensive ESG program , has positioned us to create durable and growing value for our customers , employees , partners and shareholders in the years ahead . ” Beazer Homes Fiscal First Quarter 2021 Highlights and Comparison to Fiscal First Quarter 2020 • Net income from continuing operations of $ 12.0 million , compared to net income from continuing operations of $ 2.8 million in fiscal first quarter 2020