|Ryland Third Quarter Numbers|
|Quarter Three||Fiscal Year|
|Profit/(Loss)||($21.3 M) +29%||($51.6 M) +22%|
|Home Deliveries||1,015 +20%||2,587 -22%|
|New Orders||1,008 +26%||3,039 +4%|
Behind the Numbers:
Ryland did a better job selling houses in its third quarter, which helped staunch its losses some. But the California-based company would have had nearly break-even earnings if it weren’t for the $17 million worth of costs it absorbed to begin to shut down its operations in Dallas and Jacksonville, Fla. Sales were helped with a 13% climb in the number of communities the company has open, from 186 to 211.
*Quarter ended Sept. 30,2011