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Toll Brothers, Inc. (NYSE: TOL) is the premier luxury homebuilder in the United States, renowned for crafting upscale residential communities in desirable locations. Established in 1967 and headquartered in Horsham, Pennsylvania, Toll Brothers has expanded its operations across 24 states, offering a diverse range of homes that cater to first-time buyers, move-up buyers, empty-nesters, active adults, and those seeking second homes. The company’s homes stand out for their distinctive designs, high-quality craftsmanship, and attention to detail.
Toll Brothers operates in over 60 markets nationwide and has a robust portfolio that includes single-family homes, townhomes, and for-rent properties. The company is also a leader in developing master-planned communities that feature amenities such as golf courses, parks, and trails, enhancing the lifestyle of its residents. With its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries, Toll Brothers provides a one-stop shopping experience for homebuyers.
Recent projects highlight Toll Brothers' commitment to luxury and innovation. For instance, The Enclave at The Woodlands in Texas offers 12 sophisticated designs with open-concept floor plans and modern architecture, priced from the mid-$600,000s. In Virginia, the Dominion Valley Country Club – The Towns Collection features luxury townhomes with resort-style amenities like multiple pools, a fitness center, and an Arnold Palmer Signature Golf Course, priced from the low $800,000s.
Toll Brothers has consistently been recognized for its excellence in homebuilding. In 2024, the company celebrated its 10th consecutive year on the Fortune World's Most Admired Companies™ list and has been named Builder of the Year by both Builder magazine and Professional Builder magazine. Toll Brothers’ commitment to quality and customer satisfaction is evident in every community it develops.
Financially, Toll Brothers continues to perform strongly, driven by robust demand in the luxury housing market. The company's strategic partnerships and innovative projects position it well for future growth. For more information, visit TollBrothers.com.
Toll Brothers (NYSE:TOL) announced the grand opening of Waterview Landing, a luxury lakefront community in Babcock Ranch, Florida. This new development features two collections of single-family homes, priced from the low $400,000s. Homes will offer open floor plans, first-floor primary suites, and customizable options through the Toll Brothers Design Studio. Residents can enjoy a nature-connected lifestyle with access to amenities like the Lake Timber Lodge and nearby recreational options. Notably, the location is just 15 miles from downtown Ft. Myers, providing convenience for homeowners.
Toll Brothers, Inc. (NYSE:TOL) reported strong first quarter results for FY 2023, with net income increasing to $191.5 million ($1.70 per share), compared to $151.9 million ($1.24 per share) in FY 2022. Home sales revenues reached $1.75 billion, a 4% increase year-over-year. However, net signed contracts dropped significantly, down 51% to $1.45 billion and delivered homes decreased by 5%. The backlog ended at $8.6 billion, a 21% decline from last year. The company maintains a solid outlook, reaffirming guidance for an adjusted gross margin of 27.0% and earnings per share of $8.00 to $9.00.
Toll Brothers, the leading luxury home builder, has announced the upcoming launch of Regency at Woodbridge, an active-adult townhome community in Woodbridge, Connecticut. The community will feature 70 townhomes with 2 to 3 bedrooms, 2.5 baths, and 2-car garages, offering personalization options at the Toll Brothers Design Studio. Residents will enjoy amenities such as a clubhouse, fitness center, and outdoor pool. The future sales center opens in fall 2023, and the location provides convenient access to local shopping, dining, and major highways. Toll Brothers continues its commitment to building high-quality homes tailored for active adults aged 55 and older.
Toll Brothers (NYSE:TOL) has announced the opening of its new gated community, Hidden Ridge, located in El Dorado Hills, California. This luxury development features 90 single-family homes, with prices starting from $1 million. The homes include modern floor plans ranging from 3,000 to 4,000+ square feet, featuring up to 5 bedrooms and 4.5 baths. Located within the Rescue Union School District, residents will benefit from access to high-end shopping and outdoor activities. Prospective buyers can explore the new sales center at 7044 Grand Teton Drive.
Toll Brothers, Inc. (NYSE:TOL), a leading builder of luxury homes, will hold a conference call on February 22, 2023, at 8:30 a.m. ET to discuss its first quarter results for FY 2023, which will be announced after the market close on February 21, 2023. The call will be hosted by Chairman and CEO Douglas C. Yearley, Jr. Investors can access the call via the company's website. Toll Brothers has been recognized as the #1 Home Builder in Fortune’s 2023 survey of the World’s Most Admired Companies, marking the eighth consecutive year of this accolade. The company operates in over 60 markets across 24 states.
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