More on Ryland (RYL): Q4 beats on both EPS and revenue estimates as total sales jumped 68% Y/Y...

|About: Ryland Group Inc. (RYL)|By:, SA News Editor

More on Ryland (RYL): Q4 beats on both EPS and revenue estimates as total sales jumped 68% Y/Y on the strength of new home building. Net profit soared as new orders soared by 64% over the prior period, and housing gross margin widened to 20% from 18.1%. Closings were up 59% while average closing prices improved 5.9% to $270K. It's order backlog also rose by 61% to 2,391 units. Shares -1.1% AH.