The Ryland Group Second Quarter 2012 Numbers | ||
Quarter Two | Fiscal Year | |
Profit/(Loss) | $6.3 M +158.5% | $1.2 M +103.8% |
Home Deliveries | 1,149 +30.0% | 1,997 +27.0% |
New Orders | 1,415 +32.9% | 2,772 +36.5% |
Behind the Numbers:
Ryland reported solid improvement in its second quarter, posting a profit and solid increases in home sales and closings. It also managed to increase its average sales price by 2.4%. Its order cancellation rate, however, remains high at 19%, only a point less than last year’s. The company also did some restructuring of its debt, pushing due dates out and decreasing interest costs.
The Ryland Group’s second quarter ended June 30.
