Toll Brothers Inc
- Toll Brothers decreased 0.5% to $129.50 after the luxury home builder's quarterly results surpassed market expectations and the company raised its full-year outlook.
Total fiscal second quarter revenue increased to $2.8 billion from $2.5 billion, net income rose to $481.6 million from $320.2 million, and diluted earnings per share advanced to $4.55 from $2.85 a year ago.
At the end of the fiscal second quarter in April, the backlog value of homes declined 12% to $7.4 billion, and the backlog of homes fell 6% to 7,093.
The company raised its estimate of home deliveries in the fiscal third quarter to 2,850 from 2,750 and in the fiscal year to 10,800 from 10,400.
In the quarter, Toll Brothers repurchased approximately 1.5 million shares at an average price of $120.60 per share, for a total purchase price of approximately $181.2 million.
On March 12, the company also hiked its cash dividend by 10% to 23 cents per share, which was paid on April 19 to shareholders on record on April 5.
May 22, 2024 - Single-family house sales eased 0.3% from the previous month and rose 5.9% from a year ago in February to a seasonally adjusted rate of 662,000.
The median sale price of a new house sold was $400,500, and the average sale price was $485,000, according to the latest government statistics.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the new residential statistics Monday.
The seasonally adjusted estimate of new homes for sale at the end of February was 463,000, a supply of 8.4 months at the current sales rate.
Home price affordability and elevated mortgage rates have kept first-time home buyers away from the market, as mortgage rates have continued to advance over the last year.
Mar 25, 2024 - Toll Brothers increased 2% to $89.0 after the luxury home builder reported better-than-expected quarterly results.
Revenue in the fiscal fourth quarter ending in October declined to $3.02 billion from $3.7 billion, net income decreased to $445.5 million from $640.5 million, and diluted earnings per share dropped to $4.11 from $5.63 a year ago.
The backlog of homes at the end of October declined 19% to 6,578 and the value of the backlog fell 22% to $6.95 billion.
During the quarter, the company repurchased approximately 4.3 million shares at an average price of $75.70 per share, for a total of $325.5 million.
In the fiscal year, the home builder repurchased approximately 7.9 million shares at an average price of $72 per share, for a total purchase price of $565.9 million.
The home developer estimated home deliveries in the fiscal 2024 first quarter to range between 1,800 and 1,900 units and the average delivery price per unit to range between $985,000 and $1.05 million.
Dec 6, 2023 - Toll Brothers said home sales in the fiscal first quarter ending in January increased 4% to $1.7 billion. In the quarter, the company delivered 1,826 homes, 5% fewer homes than in the previous year.
Net income increased to $191.5 million from $151.9 million and diluted earnings per share rose to $1.70 from $1.24 a year ago.
Feb 22, 2023 - Toll Brothers fiscal fourth quarter sales increased 23.3% to $3.7 billion and net income rose to $640.5 million from $374.3 million or $5.63 from $3.02 a share from a year ago.
Dec 7, 2022
| Year | Jan | Apr | Jul | Oct | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 1.70 | 2.85 | 3.73 | 4.08 | - | |
| 2022 | 1.24 | 1.85 | 2.35 | 5.46 | 10.9 | |
| 2021 | 0.76 | 1.01 | 1.87 | 2.99 | 6.63 | |
| 2020 | 0.41 | 0.59 | 0.9 | 1.5 | 3.4 | |
| 2019 | 0.76 | 0.87 | 1 | 1.4 | 4.03 | |
| 2018 | 0.83 | 0.72 | 1.26 | 2.04 | 4.85 | |
| 2017 | 0.42 | 0.73 | 0.87 | 1.17 | 3.19 | |
| 2016 | 0.40 | 0.51 | 0.62 | 0.67 | 2.2 | |
| 2015 | 0.44 | 0.37 | 0.42 | 0.80 | 2.03 | |
| 2014 | 0.25 | 0.35 | 0.53 | 0.71 | 1.84 | |
| 2013 | 0.03 | 0.14 | 0.26 | 0.54 | 0.97 | |
| 2012 | -0.02 | 0.10 | 0.36 | 2.42 | 2.86 | |
| 2011 | 0.02 | -0.12 | 0.25 | 0.09 | 0.24 | |
| 2010 | -0.25 | -0.24 | 0.16 | 0.31 | -0.02 | |
| 2009 | -0.55 | -0.52 | -2.93 | -0.68 | -4.68 | |
| 2008 | -0.61 | -0.59 | -0.18 | -0.50 | -1.88 | |
| 2007 | 0.33 | 0.22 | 0.16 | -0.49 | 0.22 | |
| 2006 | 0.98 | 1.06 | 1.07 | 1.06 | 4.17 | |
| 2005 | 0.66 | 1.00 | 1.27 | 1.85 | 4.78 |