Toll Brothers Inc
- Toll Brothers Inc. declined 1.7% to $130, and the expensive home builder reported a decline in profit in the fiscal third quarter ending in July.
Consolidated revenue in the quarter increased to $2.95 billion from $2.72 billion, net income declined to $369.6 million from $374.6 million, and diluted earnings per share edged higher to $3.73 from $3.60 a year ago.
On July 25, the company paid a quarterly dividend of $0.25 per share to shareholders on record on July 11.
During the fiscal third quarter, Toll Brothers returned a total of $226 million to shareholders through share repurchases and dividends, including the repurchase of 1.8 million shares at an average price of $112.40 per share.
For the fiscal fourth quarter, Toll Brothers expects the average delivered price per home to be between $0.97 million and $0.98 million, the adjusted home sales gross margin to be 27%, and SG&A to be 8.3% of revenue.
The company delivered 2,959 homes at an average price of $974,000, generating record fiscal third-quarter home sales revenue of $2.9 billion, said chairman and chief executive officer Douglas C. Yearley Jr.
In the quarter, the company signed home sales contracts worth $2.41 billion, matching the contract value a year ago, but contracted home units fell 4% to 2,388.
The average sale price of a new home contract was $1.0 million, up 4.5% from a year ago.
The backlog value decreased 10% to $6.38 billion at the end of the third quarter, and homes in backlog were 5,492, down 19% from a year ago, respectively.
Aug 20, 2025 - Toll Brothers Inc. surged 5.1% to $109.81 despite the luxury home builder reporting a decline in earnings and revenue in the second quarter.
Revenue edged down to $2.74 billion from $2.84 billion, net income fell to $352.45 million from $481.62 million, and diluted earnings per share slipped to $3.50 from $4.55 a year ago.
The company delivered between 2,800 and 3,000 homes during the quarter, and the average price per home ranged between $965,000 and $985,000.
Toll Brothers spent approximately $723.0 million on land to purchase 4,380 lots and ended the quarter with 421 selling communities, compared to 386 communities a year earlier.
During the quarter, the home builder repurchased approximately 1.6 million shares at an average price of $107.84 for a total of $177.4 million.
May 21, 2025 - Toll Brothers Inc. plunged 5.8% to $115 after the homebuilding company missed earnings estimates in the first quarter of 2025, which ended on January 31.
Revenue declined to $1.86 billion from $1.95 billion, net income dropped to $177.70 million from $239.56 million, and earnings per diluted share fell to $1.75 from $2.25 a year ago.
The company repurchased approximately 0.2 million shares in the quarter, at an average price of $127.02 per share for a total purchase price of $23.7 million.
Feb 19, 2025 - 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
| 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 |