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.