| 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
Learn more about markets featured in this article: Los Angeles, CA, Jacksonville, FL, Dallas, TX.
