The Ryland Group Fourth Quarter 2012 Numbers | ||
Fourth Quarter | Fiscal Year | |
Profit/(Loss) | $28.9 M +219.4% | $42.4 M +241.8% |
Home Deliveries | 1,578 +51.7% | 4,897 +35% |
New Orders | 1,502 +64.2% | 5,781 +46.2% |
Behind the Numbers:
Ryland Group had a good quarter and a good year, during which it more than doubled its profits. The improvement came from more home sales, higher profit margins, and reduced general and administrative expenses, offset some by higher costs for interest. The company boosted its average home sales per community in the last quarter of 2012 from 1.4 homes per community to 2.1.
The Ryland Group’s fiscal year ended Dec. 31.
