Ryland Group, Inc. (RYL) Misses Q2 EPS by 11c, Sales Miss
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Ryland Group, Inc. (NYSE: RYL) reported Q2 EPS of $0.57, $0.11 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $577.4 million versus the consensus estimate of $618.51 million.
- New orders increased 1.7 percent to 2,228 units for the second quarter of 2014 from 2,191 units for the second quarter of 2013. New orders for the second quarter of 2014 increased by 9.4 percent, excluding the backlog acquired from LionsGate Homes in June 2013. New order dollars rose 12.5 percent to $761.2 million for the second quarter of 2014 from $676.7 million for the same period in 2013;
- Backlog rose 5.5 percent to 3,870 units at June 30, 2014, from 3,667 units at June 30, 2013. The dollar value of the Company’s backlog was $1.3 billion at June 30, 2014, a 17.4 percent increase from $1.1 billion at June 30, 2013;
For earnings history and earnings-related data on Ryland Group, Inc. (RYL) click here.
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