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Ryland Group, Inc. (RYL) Tops Q2 EPS by 16c, Sales In-Line

July 24, 2013 4:19 PM EDT
Ryland Group, Inc. (NYSE: RYL) reported Q2 EPS of $0.80, ex-items, $0.16 better than the analyst estimate of $0.64. Revenue for the quarter came in at $493 million versus the consensus estimate of $492.8 million.

New orders increased 56.7 percent to 2,191 units for the second quarter of 2013 from 1,398 units for the second quarter of 2012. New order dollars rose 77.9 percent to $676.7 million for the second quarter of 2013 from $380.3 million for the same period in 2012;

Closings increased 48.8 percent to 1,659 units for the quarter ended June 30, 2013, compared to 1,115 units for the same period in the prior year.

Backlog rose 61.0 percent to 3,667 units at June 30, 2013, from 2,277 units at June 30, 2012;

For earnings history and earnings-related data on Ryland Group, Inc. (RYL) click here.


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