Toll Brothers, Inc. - TOL STOCK NEWS

Toll Brothers (NYSE:TOL), the leading builder of luxury homes, announced their Pennsylvania Division won multiple accolades at the 2024 Best in Pennsylvania Living Awards. Held at The Alloy Hotel in King of Prussia, Pennsylvania, the event recognized excellence in home building, design, and services.

Toll Brothers secured top honors for Single-Family Community of the Year (Stonebrook at Upper Merion – Heritage Collection) and Townhome Community of the Year (Overlook at Town Center). Additional awards included Home of the Year 55+ (Preserve at Marsh Creek – Carriage Collection, Reinhold Elite) and Best Landscape Design (Stonebrook at Upper Merion – Heritage Collection, Pickering).

The company also excelled in interior merchandising, with multiple wins in categories under $750,000 and $600,000 and over. Individual team member achievements were recognized, with twelve staff members receiving gold and platinum awards for home sales success.

Toll Brothers (NYSE:TOL), a leading luxury home builder, reported its FY 2024 second-quarter results, highlighting a net income of $481.6 million or $4.55 per share, compared to $320.2 million or $2.85 per share in the same period last year. Home sales revenues increased by 6% to $2.65 billion, with 2,641 delivered homes. Net signed contract value rose by 29% to $2.94 billion, with 3,041 contracted homes. However, the backlog value decreased by 12% to $7.38 billion. The company repurchased $181 million in common stock and increased its quarterly dividend by 10%. Looking ahead, Toll Brothers expects to earn $14.00 per diluted share for the full fiscal year 2024.

Toll Brothers (NYSE:TOL), a leading builder of luxury homes, has announced the launch of its Riverside Oaks - Estates Collection in Sanford, Florida. This new development features 51 home sites within a gated community and offers one- and two-story single-family homes ranging from 2,400 to over 3,500 square feet. Prices start in the upper $500,000s. Each home includes modern amenities such as open floor plans, first-floor primary bedroom suites, home offices, and 3-car garages. The community boasts an outdoor pool, cabana, tot lot, dog park, and private access to the St. Johns River. Located near downtown Sanford, the community provides access to high-end dining, shopping, and recreational activities. Home buyers can customize their homes at the Toll Brothers Design Studio with professional assistance. This project is expected to attract those seeking luxury living with convenient access to Orlando and Lake Mary.

Preston Hollow Community Capital (PHCC) and Toll Brothers announced the sale of 2.75 acres at RiversEdge in Jacksonville for the development of 40 luxury townhomes. Construction will begin immediately, with sales starting in fall 2024. The townhomes will feature two four-story designs, the Atlantic and the Elder, offering 2 to 4 bedrooms, 3 baths, and 1,844 to 2,085+ square feet. Located on the St. Johns River, the RiversEdge development will include various amenities such as parks, trails, and a marina. The project supports Jacksonville’s vision for a vibrant riverfront community.

Toll Brothers, Inc. announced the opening of Ridgeline at Bickford, a new luxury home community in Bickford, California. The community offers exclusive gated homes ranging from 3,100 to 4,900+ square feet with 4 to 6 bedrooms, priced from $1.1 million. The state-of-the-art Design Studio allows buyers to personalize their homes. The community is conveniently located near Sacramento, offering residents access to various amenities and attractions.

Toll Brothers, Inc. announced the opening of Fontaine, an exclusive community of 23 home sites in Lake Mary, Florida. The luxury single-family homes offer 3 to 4 bedrooms, priced from the low $800,000s, with open floor plans, first-floor primary bedroom suites, and 3-car garages. Buyers can visit the off-site Sales Center in Sanford to learn more.

Toll Brothers, Inc. announced its newest active-adult 55+ community, Regency at Auburn Station, coming soon to Raleigh, North Carolina. The community offers single-family homes with resort-style amenities, flexible floor plan options, and proximity to popular locations in Raleigh. Sales are set to start in the summer of 2024.

Toll Brothers, Inc. (NYSE:TOL) received six awards at the 2024 FAME Awards, including Community of the Year for Regency at Manalapan. The awards, presented by the Shore Builders Association of Central New Jersey, recognize major contributions to the home building industry. Toll Brothers was honored in categories spanning product, design, advertising, and marketing. The company's New Jersey Division continues to deliver high-quality new homes and service standards in award-winning communities.

Toll Brothers, Inc. announced the upcoming luxury home community, Stonegate Court, in Gilbert, Arizona. The community will include 22 new homes with exquisite designs and premium features. Stonegate Court will offer residents exclusive amenities, including a multi-sport court, green space, and convenient access to nearby parks. Homebuyers can personalize their homes at the Toll Brothers Design Studio. This new community exemplifies luxury living in a prime location.