Press Releases

On October 1, 2015, Standard Pacific Corp. ("Standard Pacific") completed its merger transaction with The Ryland Group, Inc. ("Ryland"), with Standard Pacific continuing as the surviving corporation and changing its name to CalAtlantic Group, Inc. ("CalAtlantic"). Because the closing of the merger occurred after the 2015 first quarter, the highlights and comparisons below and the other financial information included in this earnings release includes only stand-alone data for predecessor Standard Pacific for the three months ended March 31, 2015, as required by Generally Accepted Accounting Principles (GAAP). To aid analysts and other investors with year-over-year comparability for the entire merged business, we also are providing limited pro forma information, which combines the stand-alone Standard Pacific and Ryland financial and operating data for the three months ended March 31, 2015. Limited historical Ryland operating data is also presented in the tables at the end of this release for informational purposes.

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific are now CalAtlantic Homes

Homebuilders Compete by Constructing Homes Made out of Diapers

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific are now CalAtlantic

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific now CalAtlantic Homes

On October 1, 2015, Standard Pacific Corp. and The Ryland Group, Inc. completed their merger of equals, with Ryland merging into Standard Pacific and Standard Pacific continuing as the surviving corporation. At the same time: (i) Standard Pacific changed its name to "CalAtlantic Group, Inc." and effected a reverse stock split such that each five shares of common stock of Standard Pacific issued and outstanding immediately prior to the closing of the merger were combined and converted into one issued and outstanding share of CalAtlantic common stock, (ii) MP CA Homes, LLC, the sole owner of Standard Pacific's outstanding Series B Preferred Stock, converted all of its preferred stock to CalAtlantic common stock, and (iii) each outstanding share of Ryland common stock, stock options and restricted stock units were converted into the right to receive, or the option to acquire, as applicable, 1.0191 shares of CalAtlantic common stock.

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific now CalAtlantic Homes

Ryland and Standard Pacific are now CalAtlantic Homes

Ryland and Standard Pacific now CalAtlantic Homes

Ryland and Standard Pacific now CalAtlantic Homes

Ryland and Standard Pacific now CalAtlantic Homes

Ryland and Standard Pacific now CalAtlantic Homes

Ryland and Standard Pacific now CalAtlantic Homes

All 540 Model Home Communities Will Serve as Official Toy Drop Off stations

Revenues increase to $626.0 million, up 4%

Combined Company Will Operate in 41 Markets Across 17 States with New Home Offerings Spanning Entry Level Through Luxury

Plans underway for new master-planned housing community

New homes offer innovative details designed exclusively for the 55+ home shopper

New Company Will Operate in 41 Markets Across 17 States with New Home Offerings Spanning Entry Level Through Luxury

Revenues increase to $694.7 million, up 17%