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Ryland Group

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BUSINESS
January 27, 2012
Ryland Group Inc. shares fell after the home builder missed analysts' estimates while reporting its first profitable quarter without tax assistance since 2006. Shares of Ryland, which builds homes with an average price of $255,000 in 13 states, fell 18 cents to $18.40 on Friday. The Westlake Village company reported fourth-quarter net income of $812,000, or 2 cents a share, compared with a loss of $19.1 million, or 43 cents, a year earlier. Analysts expected net income of 9 cents a share, the average estimate in a Bloomberg survey.
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BUSINESS
January 27, 2012
Ryland Group Inc. shares fell after the home builder missed analysts' estimates while reporting its first profitable quarter without tax assistance since 2006. Shares of Ryland, which builds homes with an average price of $255,000 in 13 states, fell 18 cents to $18.40 on Friday. The Westlake Village company reported fourth-quarter net income of $812,000, or 2 cents a share, compared with a loss of $19.1 million, or 43 cents, a year earlier. Analysts expected net income of 9 cents a share, the average estimate in a Bloomberg survey.
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BUSINESS
December 1, 1986 | TOM FURLONG, Times Staff Writer
Ryland Group, a large nationwide home builder, has announced an agreement to buy M. J. Brock Corp., the old-line Southern California builder and general contractor that used to be a subsidiary of Cigna Corp., for $85 million in cash and securities. M. J. Brock, founded in Los Angeles 64 years ago by M. J. Brock Sr., builds medium-priced ($130,000 on average) homes in Southern California, Sacramento and Denver. The firm sold 802 homes last year, generating revenue of $115 million. Officials at M.
BUSINESS
October 29, 2009 | Alejandro Lazo
Home builder Ryland Group posted a narrower third-quarter loss Wednesday as the Calabasas company sold fewer homes and booked fewer orders for new dwellings amid the construction slump. The news came on a day that the government released data showing that new orders for U.S. homes fell unexpectedly last month, raising concerns that consumers will slow their home purchasing as a federal tax credit for first-time buyers approaches its expiration at the end of November. The Commerce Department reported that sales of new one-family houses in September fell 3.6% from August to a seasonally adjusted annual rate of 402,000.
CALIFORNIA | LOCAL
September 19, 2000
The Ryland Group Inc., Calabasas, has revised its earnings estimate from $5.01 per share to $5.50 per share for the fiscal year ending Dec. 31. The company says it expects to close 11,200 homes and generate net income in excess of $75 million by year's end. Ryland builds and finances homes nationwide.
CALIFORNIA | LOCAL
January 30, 2001
Ryland Group Inc. of Calabasas reported net income for the fourth quarter ended Dec. 31 of $31.5 million, up from $20.8 million for the same period last year. Revenue increased to $735.1 million from $582.3 million. For the year ended Dec. 31, the company reported net income of $82.3 million, compared with $66.7 million. Revenue rose to $2.3 billion over $2 billion. Ryland builds and finances single-family homes throughout the U.S.
BUSINESS
April 24, 2003 | Roger Vincent
Home builder Ryland Group Inc. reported a 47% surge in first-quarter profit Wednesday as the nation's demand for new housing remained hot. Calabasas-based Ryland said net income was $38.2 million, or $1.43 a share, compared with $25.9 million, or 92 cents a share, during the same year-earlier period. That beat Wall Street's estimates of $1.25 a share, according to research firm Thompson First Call. Revenue was up 25% to $659.7 million from $525.9 million a year ago.
BUSINESS
September 14, 2000 | Bloomberg News
Ryland Group Inc., a Calabasas-based home building and mortgage finance company, expects its 2000 earnings per share to beat analysts' estimates because of record home sales. Ryland rose $2.56 to close at $28.13 on the NYSE. The company was expected to earn $5.01 a share in 2000, based on the average estimate of analysts polled by First Call/Thomson Financial. Ryland expects earnings of more than $5.50 a share, the company said in a press release distributed by PR Newswire.
BUSINESS
June 14, 1994 | ALEX DOMINGUEZ, ASSOCIATED PRESS
The chief executive officer of the nation's third-largest home builder knows what it's like to be a home shopper. Chad Dreier did plenty of house hunting after leaving Los Angeles-based builder Kaufman & Broad Home Corp., where he was second in command, to take the helm of Ryland Group Inc. last November. He searched for a new home on weekends while renting a condominium in downtown Baltimore, mixing business with what he says is pleasure.
BUSINESS
October 29, 2009 | Alejandro Lazo
Home builder Ryland Group posted a narrower third-quarter loss Wednesday as the Calabasas company sold fewer homes and booked fewer orders for new dwellings amid the construction slump. The news came on a day that the government released data showing that new orders for U.S. homes fell unexpectedly last month, raising concerns that consumers will slow their home purchasing as a federal tax credit for first-time buyers approaches its expiration at the end of November. The Commerce Department reported that sales of new one-family houses in September fell 3.6% from August to a seasonally adjusted annual rate of 402,000.
BUSINESS
July 30, 2009 | Peter Y. Hong
Home builder Ryland Group Inc. on Wednesday reported a second-quarter net loss of $73.7 million as revenue dropped 44% compared with the same period a year earlier. Home sales were $261.6 million during the three months ended June 30, down from $472.3 million a year earlier. The loss of $1.70 a share exceeded the average forecast loss of $1.01 expected by analysts surveyed by Bloomberg. Ryland released the results after the close of regular trading; shares fell 4 cents to $20.48.
BUSINESS
January 29, 2009 | Peter Y. Hong
Calabasas-based home builder Ryland Group Inc. reported a fourth-quarter loss of $59.9 million Wednesday as revenue dropped 39%. Sales were $513.5 million during the period of Oct. 1 through Dec. 31, down from $828.8 million a year earlier. The loss of $1.40 a share exceeded 11 analysts' average projection of $1.19 a share, according to a Bloomberg survey. Ryland released the results after the close of regular trading. The company's shares rose 93 cents to $16.50.
BUSINESS
October 23, 2008 | Peter Y. Hong, Hong is a Times staff writer.
Calabasas-based home builder Ryland Group Inc. reported a third-quarter loss of $65.7 million Wednesday as revenue dropped 26.7%. The hard-hit builder's sales were $526.2 million during the period of July 1 through Sept. 30, down from $717.5 million for the same period a year earlier. The loss of $1.54 a share exceeded 11 analysts' average projection of $1.10 a share, according to a Bloomberg survey. Ryland released the earnings results after the close of regular trading.
BUSINESS
May 2, 2008 | From Times Wire Services
Ryland Group Inc.'s credit ratings were cut to junk by Standard & Poor's, which said the move reflected "very weak housing conditions" and the Calabasas home builder's limited liquidity.
BUSINESS
March 1, 2005 | From Bloomberg News and Times Staff
The president of Ryland Group Inc.'s Dallas division agreed to pay $306,513 to settle an insider trading case, the Securities and Exchange Commission said Monday. The SEC alleged that John D. Hutchinson avoided losses of more than $100,000 by trading on information that Calabasas-based Ryland, a home builder and mortgage finance company, would have fewer new-housing orders in the fourth quarter of 2003.
BUSINESS
April 24, 2003 | Roger Vincent
Home builder Ryland Group Inc. reported a 47% surge in first-quarter profit Wednesday as the nation's demand for new housing remained hot. Calabasas-based Ryland said net income was $38.2 million, or $1.43 a share, compared with $25.9 million, or 92 cents a share, during the same year-earlier period. That beat Wall Street's estimates of $1.25 a share, according to research firm Thompson First Call. Revenue was up 25% to $659.7 million from $525.9 million a year ago.
BUSINESS
May 2, 2008 | From Times Wire Services
Ryland Group Inc.'s credit ratings were cut to junk by Standard & Poor's, which said the move reflected "very weak housing conditions" and the Calabasas home builder's limited liquidity.
BUSINESS
January 24, 2003 | Jesus Sanchez, Times Staff Writer
Shares of Ryland Group Inc., one of the nation's 10 largest home builders, rose more than 7% on Thursday after the company reported strong fourth-quarter earnings fueled by the hot housing market. Calabasas-based Ryland Group said net income rose 50% to $67.5 million, or $2.50 a share, from $44.9 million, or $1.61, in the year-ago period. Revenue was up 12% to $929.7 million. For the year, net income hit $185.6 million, or $6.64 a share, a 40.5% increase from the $132.1 million, or $4.
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