The Ryland Group (RYL)

[chmcnfunds]

From SA:

"Orders and prices higher at Ryland Group

Oct 23 2014, 10:23 ET | About: Ryland Group Inc. (RYL) | By: Stephen Alpher, SA News Editor Contact this editor with comments or a news tip

Pretax earnings of $78.9M up 46.2% Y/Y. Net income of $48.5M or $0.85 per share.Closings of 2,018 units up 7.2% Y/Y, with ASP of $331K up 11.1%.Housing gross profit margin of 22.2% up 160 basis points.New Orders (excluding backlog acquired from Cornell Homes in July) up 13.6% in units, up 19.6% in dollars.Backlog up 5.4% in units to 3,559, up 14.5% in dollars to $1.2B.Active communities up 15.1% to 327. Controlled lots up 7% to 41,476.860K shares repurchased during quarter.Previously: Ryland Group beats by $0.05, misses on revenueRYL -0.55%"

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RYL