The Ryland Group Second Quarter 2012 Numbers
$6.3 M +158.5%
$1.2 M +103.8%
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.