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Ryland Group, Inc. (RYL) Misses Q1 EPS by 3c

April 24, 2014 9:10 AM EDT
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Price: $40.83 --0%

Financial Fact:
Homebuilding: 637.05M

Today's EPS Names:
BFRI, HCTI, IMPM, More
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Ryland Group, Inc. (NYSE: RYL) reported Q1 EPS of $0.42, $0.03 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $489.7 million versus the consensus estimate of $473.2 million.

  • Pretax earnings from continuing operations rose by 71.9 percent to $38.2 million for the quarter ended March 31, 2014, compared to $22.2 million for the quarter ended March 31, 2013;
  • Net income from continuing operations totaled $23.5 million, or $0.42 per diluted share, for the first quarter of 2014, compared to $22.0 million, or $0.43 per diluted share, for the same period in 2013;
  • Revenues totaled $489.7 million for the quarter ended March 31, 2014, representing a 30.7 percent increase from $374.7 million for the quarter ended March 31, 2013;
  • Closings increased 12.5 percent to 1,470 units for the quarter ended March 31, 2014, from 1,307 units for the same period in the prior year;
  • Average closing price increased 18.1 percent to $327,000 for the quarter ended March 31, 2014, from $277,000 for the same period in 2013;
  • Housing gross profit margin was 21.1 percent for the first quarter of 2014, compared to 19.4 percent for the first quarter of 2013;
  • New orders increased 6.6 percent to 2,186 units for the first quarter of 2014 from 2,051 units for the first quarter of 2013. New order dollars rose 20.5 percent to $729.4 million for the first quarter of 2014 from $605.1 million for the same period in 2013;
  • Backlog rose 6.6 percent to 3,342 units at March 31, 2014, from 3,135 units at March 31, 2013. The dollar value of the Company’s backlog was $1.1 billion at March 31, 2014, a 21.7 percent increase from $907.1 million at March 31, 2013;
  • Active communities increased 18.8 percent to 297 communities at March 31, 2014, from 250 communities at March 31, 2013;
  • Controlled lots, including lots held in unconsolidated joint ventures, increased 1.8 percent to 39,482 lots at March 31, 2014, compared to 38,770 lots at December 31, 2013. Optioned lots were 35.9 percent of total lots controlled at March 31, 2014;
  • Selling, general and administrative expense totaled 13.0 percent of homebuilding revenues for the first quarter of 2014, compared to 13.9 percent for the first quarter of 2013;
  • Cash, cash equivalents and marketable securities totaled $609.1 million at March 31, 2014, compared to $631.2 million at December 31, 2013; and
  • Net debt-to-capital ratio was 45.3 percent at March 31, 2014, compared to 45.8 percent at December 31, 2013

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



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