Ryland Group, Inc. (RYL) reported profit in first quarter net income to $22.1 million or $0.48 per share, compared to a loss $5.1 million or $0.11 per share for the year-ago quarter, reflecting impressive home building revenues from last year.
Income from continuing operations for the latest quarter was $22.0 million, compared with a loss from continuing operations of $3.0 million in the prior year quarter.
Total revenue for the quarter rose to $374.7 million from $215.9 million a year ago. Home building revenues for the quarter rose 73.5 percent to $363.5 million from $209.5 million in the prior year.
Analysts polled by Thomson Reuters expected the company to earn $0.28 per share on revenue of $357.69 million for the current quarter.
New orders increased 54.4% to 2,051 units in the first quarter from 1,328 units in the same year-ago quarter.
For the quarter ended March 31, 2013, the Company reported net income from continuing operations of $22.0 million, or $0.43 per diluted share, compared to a net loss of $3.0 million, or $0.07 per diluted share, for the same period in 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.