Improved Operational Performances and Strong Investment Activities Yield Strong Returns Amid Challenging Market Conditions - Research Report on DR Horton, Ryland, Republic Services, Reliance and Tower

NEW YORK, July 31, 2013 /PRNewswire/ --

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Today, Analysts' Corner announced new research reports highlighting DR Horton Inc. (NYSE: DHI), Ryland Group Inc. (NYSE: RYL), Republic Services, Inc. (NYSE: RSG), Reliance Steel & Aluminum Co. (NYSE: RS), and Tower International, Inc. (NYSE: TOWR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

DR Horton Inc. Research Report

On July 25, 2013, DR Horton Inc. (DR Horton) reported its Q3 FY 2013 financial results (period ended June 30, 2013). Homebuilding revenue increased 46.2% YoY to approximately $1.6 billion. Its home sales gross margin of 21.4% (up 340 basis points) includes an 80 basis points benefit from large cash reimbursements. Net income was $146 million or $0.42 per diluted share compared to $787.8 million or $2.22 per diluted share in Q3 FY 2012. According to DR Horton, its Q3 FY 2012 net results include a non-cash tax benefit of $716.7 million associated to a reduction of its deferred tax asset. Donald R. Horton, Chairman of the Board, said, "Our homebuilding and financial services operations delivered strong results again this quarter, with a 580 basis point improvement in our pre-tax income margin to 12.1% and a 184% increase in our pre-tax income to $205.1 million. Homes sold, closed and in backlog all increased double-digit percentages, while the dollar values all increased 30% or more. Our average sales price increased 15% to $268,000, reflecting pricing power across most of our markets and increased demand from move-up buyers." The Full Research Report on DR Horton Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5d40_DHI]

Ryland Group Inc. Research Report

On July 24, 2013, Ryland Group, Inc. (Ryland) announced its Q2 2013 financial results with revenues up 67.8% YoY to $493 million. Net income from continuing operations was $231.2 million or $4.16 per diluted share compared to $6 million or $0.14 per diluted share in Q2 2012. The Company's new orders increased 56.7% YoY to 2,191 units and backlog was up 60.2% YoY to 3,667 units. Housing gross profit margin was 20.4% compared to 18.7% in Q2 2012. According to the Company, the improvement in housing gross profit was primarily attributable to a relative decline in direct constructions costs and higher leverage of direct overhead expense. The Full Research Report on Ryland Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7f8c_RYL]

Republic Services, Inc. Research Report

On July 25, 2013, Republic Services Inc. (Republic Services) reported its Q2 2013 financial results with revenue up 2.5% YoY to approximately $2.1 billion. Net income stood at $56.3 million, or $0.15 per diluted share, compared to $149.2 million, or $0.40 per diluted share, in Q2 2012. Donald W. Slager, President and CEO of Republic Services, said, "Excluding accounting charges, the business performed well in the second quarter and in-line with our expectations. We remain encouraged by our improving average yield and volume performance, which we believe results from a strengthening economy." For full-year 2013, the Company anticipates adjusted diluted EPS of $1.86 to $1.91. The Full Research Report on Republic Services, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/dd58_RSG]

Reliance Steel & Aluminum Co.  Research Report

On July 25, 2013, Reliance Steel & Aluminum Co. (Reliance) reported its Q2 2013 financial results with sales growth of 10.8% YoY to approximately $2.4 billion. Net income attributable to Reliance was $81 million or $1.05 per diluted share compared with $108.8 million or $1.44 in Q2 2012. David H. Hannah, Chairman and CEO of Reliance, commented, "In general for the 2013 second quarter, both demand and pricing were a bit weaker than we anticipated at the end of the previous quarter. We remain highly focused on managing all aspects of the business that are within our control, which continues to mitigate much of the impact from these challenging market conditions." Based on the economic uncertainties and seasonal slowness, the Company anticipates its GAAP diluted EPS to be in the range of $1.15 to $1.25 for Q3 2013. The Full Research Report on Reliance Steel & Aluminum Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/08ee_RS]

Tower International, Inc. Research Report

On July 22, 2013, Tower International, Inc. (Tower) reported its Q2 2013 financial results with revenue of $555.9 million, compared with approximately $555 million in the Q2 2012. Adjusted EBITDA totaled $62.2 million compared to $62.4 million in Q2 2012. Net loss for Q2 2013 was $45.1 million or $2.22 per diluted share compared with net income of approximately $7.7 million in Q2 2012 or $0.38 per diluted share in Q2 2012. According to Tower, its Non-GAAP adjusted diluted EPS for Q2 2013 stood $1.03 compared to $0.8 in Q2 2012. For full-year 2013, the Company has increased its outlook for diluted adjusted EPS by 15% to $1.9 per share while revenue was projected at $2.1 billion. The Full Research Report on Tower International, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ecf3_TOWR]

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SOURCE Analysts' Corner

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