Ryland Reports 32% Increase in Fourth-Quarter EPS, 27% Increase in Sales, and Increased Earnings Guidance for 2005

CALABASAS, Calif., Jan 18, 2005 /PRNewswire-FirstCall via COMTEX/ -- The Ryland Group, Inc. (RYL), today announced record results for its fourth quarter ended December 31, 2004, including the highest fourth-quarter consolidated net earnings, revenues, new orders, closings, backlog and earnings per share in its history. Highlights include:

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