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Ryland Group Inc

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BUSINESS
January 25, 2006
Ryland Group Inc. said fourth-quarter profit increased 53% to $162 million, or $3.32 a share, compared with $108.7 million, or $2.17, a year earlier. Revenue at the Calabasas-based company increased 22.9% to $1.5 billion.
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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.
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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.
BUSINESS
April 24, 2008 | Peter Y. Hong, Times Staff Writer
Calabasas home builder Ryland Group Inc. reported a first-quarter loss of $29.3 million Wednesday as revenue plunged to $416.2 million, from $711.1 million a year ago. But the loss of 69 cents a share, from a loss of 58 cents a share a year ago, was significantly less than the average anticipated loss of $1.30 a share in a Bloomberg survey. Ryland announced its results after the close of regular trading, during which its shares fell $1.33, to $32.34. The stock, which was little changed in the after-hours market, has risen 17.4% this year.
BUSINESS
October 26, 1999
* Ryland Group Inc. said it will move its corporate headquarters from Maryland to Southern California's Conejo Valley by July 2000. A specific site has not yet been identified. As part of the move, the home building and mortgage finance company said it will lay off 100 employees in its corporate offices, keeping only 15.
CALIFORNIA | LOCAL
May 2, 2000
Ryland Group Inc. in Woodland Hills reported net earnings for the first quarter ended March 31 of $10.9 million compared to $10.1 million for the first quarter of fiscal 1999. Revenues rose to $429 million from $404 million. Ryland finances, builds and mortgages homes in 21 markets throughout the United States.
CALIFORNIA | LOCAL
August 1, 2000
The Ryland Group Inc. in Calabasas reported earnings of $16.9 million for the second quarter ended June 30, down from $17.6 million for the same quarter last year. Revenue rose to $525 million, compared with $502 million. Ryland finances, builds and mortgages homes in 21 markets throughout the U.S.
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
March 8, 2005 | From Associated Press
Ryland Group Inc. said first-quarter earnings could be below Wall Street expectations because of delayed closings caused by bad weather in some markets. The company said any delays should be made up later in the year, and left its forecast for all of 2005 unchanged at $7.25 a share. The home builder said earnings per share for the first quarter should exceed the $1.03 a share earned a year earlier by at least 15%. Analysts surveyed by Thomson First Call were expecting the company to earn $1.
BUSINESS
January 25, 2008 | Peter Y. Hong, Times Staff Writer
The head of homebuilder Ryland Group Inc. didn't offer much hope for a quick turnabout as he discussed his firm's losses Thursday, saying there is no end in sight for the housing slump. R. Chad Dreier, chairman and chief executive of the Calabasas-based company, said home prices were "very high" in both Northern and Southern California.
BUSINESS
October 25, 2007 | Peter Y. Hong, Times Staff Writer
Home builder Ryland Group Inc. continued to lose money in the third quarter as the weak housing market reduced demand for its homes and the value of its inventory. The Calabasas company said Wednesday that it lost $54.7 million, or $1.30 a share, for the three months ended Sept. 30. That contrasts with net income of $87.9 million, or $1.97 a share, for the like period last year. Revenue fell 35% to $732 million.
BUSINESS
April 26, 2007 | Roger Vincent, Times Staff Writer
Home builder Ryland Group Inc. said Wednesday that it lost money in the first quarter because of the weakening housing market. Calabasas-based Ryland reported a loss of $24.4 million, or 58 cents a share, contrasted with a profit of $90 million, or $1.86, a year earlier. Facing a shortage of new-home buyers, the company moved to reduce its land inventory and it reported charges including one for $65.5 million to forfeit options to buy land and write down the value of lots and homes it owns.
BUSINESS
April 5, 2007 | From Bloomberg News
Ryland Group Inc., the biggest U.S. home builder for first-time buyers, forecast a loss of 50 cents to 60 cents a share for the first quarter as preliminary estimates show the number of homes sold fell 26%. Ryland expects to take a charge of about $65 million to reflect declining values of residential communities in Fort Myers, Fla., Phoenix, Southern California and Washington, D.C., the Calabasas-based company said Wednesday. Profits at U.S.
BUSINESS
July 20, 2006 | From Reuters
Ryland Group Inc., the eighth-largest U.S. home builder, said Wednesday that quarterly earnings fell 9% and new orders tumbled 39%, highlighting the deteriorating U.S. home market. The Calabasas-based company also slashed its full-year forecast for the second time in seven weeks, but its shares rose 7.8%, their largest one-day percentage gain in more than two years, on relief the news wasn't worse and hopes for a pause in interest rate hikes.
BUSINESS
May 25, 2006 | Annette Haddad, Times Staff Writer
Home builder Ryland Group Inc. on Wednesday slashed its 2006 earnings forecast for a second time this year, citing a 35% decline in sales in April and May. The Calabasas-based company said it expected full-year earnings of $8.50 to $9 a share, based on the sale of 16,500 to 17,000 homes at a gross profit margin of 23.2%. Just a month ago, Ryland lowered its guidance for 2006 earnings to $9.50 a share, based on the sale of 17,500 homes.
BUSINESS
April 21, 2006 | From Reuters
Calabasas-based home builder Ryland Group Inc. reported better-than-expected first-quarter earnings Thursday, but new orders fell sharply and the company cut its outlook. The No. 7 U.S. home builder said it earned $90 million, or $1.86 a share, in the first quarter, well above analysts' average forecast of $1.74 a share. A year earlier, it earned $62.7 million, or $1.25 a share. Revenue, reflecting orders taken about six months ago when the market was stronger, rose 23% to $1.
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
April 21, 2006 | From Reuters
Calabasas-based home builder Ryland Group Inc. reported better-than-expected first-quarter earnings Thursday, but new orders fell sharply and the company cut its outlook. The No. 7 U.S. home builder said it earned $90 million, or $1.86 a share, in the first quarter, well above analysts' average forecast of $1.74 a share. A year earlier, it earned $62.7 million, or $1.25 a share. Revenue, reflecting orders taken about six months ago when the market was stronger, rose 23% to $1.
BUSINESS
January 25, 2006
Ryland Group Inc. said fourth-quarter profit increased 53% to $162 million, or $3.32 a share, compared with $108.7 million, or $2.17, a year earlier. Revenue at the Calabasas-based company increased 22.9% to $1.5 billion.
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