Ryland Group Posts Gain for 4th Quarter

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.