The Ryland Group Fourth Quarter 2011 Numbers | ||
Quarter Four | Fiscal Year | |
Profit/(Loss) | $1.3 M +107.5% | ($29.9 M) +62.9% |
Home Deliveries | 1,040 +14.4% | 3,627 -14.6% |
New Orders | 915 +17.9% | 3,954 +6.9% |
Behind the Numbers:
Business improved for Ryland by the end of 2011. While the Westlake Village, Calif.–based company still lost money, the bleeding wasn’t as profuse as it was in 2010, and by the end of the year the company was showing some signs of improvement. Its fourth quarter was profitable, even after $1.1 million in valuation adjustments and write-offs. Ryland had decent upticks in both deliveries and new orders in the last quarter, numbers that would have been better percentage-wise if the results from discontinuing in both Dallas and Jacksonville, Fla., were omitted.
The Ryland Group’s fourth quarter and fiscal year ended December 31.
Learn more about markets featured in this article: Los Angeles, CA, Dallas, TX, Jacksonville, FL.
