Toll Brothers, Inc. - TOL STOCK NEWS

Toll Brothers (NYSE:TOL) announces co-founder Robert I. Toll will not seek re-election to the Board of Directors during the March 8, 2022 stockholders' meeting. He will retain the title of Chairman Emeritus, continuing to support the company. Bob Toll co-founded the company in 1967, leading its growth into America's leading luxury home builder. Current CEO Douglas Yearley praised Toll for his leadership and vision, ensuring his influence will persist in the company’s future direction.

Toll Brothers (NYSE:TOL) has opened a new Design Studio in Folsom, California, specifically for the greater Sacramento market. This 4,000-square-foot facility offers home buyers a retail-like experience with luxury interior design options from top brands. It aims to enhance the home buying experience by allowing customization of new homes with structural and design options. This opening supports the company’s growth as it currently operates 35 Design Studios across the U.S., catering to various buyer needs in the luxury home market.

Toll Brothers, a leading luxury home builder, announced the upcoming launch of Park 108, a new community in Decatur, Georgia. This exclusive development will feature 33 condominiums with 1-2 bedrooms, offering luxurious living spaces ranging from 504 to 1,364 square feet. Park 108's strategic location provides easy access to local amenities and historic charm. Jonathan Carter, Division President, emphasized the preservation of the building’s historic character. Toll Brothers continues to enhance its portfolio with significant developments in key urban areas.

Toll Brothers, Inc. (NYSE:TOL) has announced that Derek T. Kan has joined its Board of Directors. Kan, aged 43, brings extensive experience from both the private sector and federal government, including roles as Deputy Director of the White House Office of Management and Budget and Under Secretary at the U.S. Department of Transportation. CEO Douglas C. Yearley, Jr. expressed excitement about Kan's insights into technology and innovation, emphasizing that recent board additions enhance diversity and strengthen the company's leadership as it pursues growth strategies.

Toll Brothers (NYSE:TOL) announced a quarterly cash dividend of $0.17 per share, payable on January 21, 2022, to shareholders of record as of January 7, 2022. This marks the company's ongoing commitment to returning value to its shareholders.

As the leading builder of luxury homes in the U.S., Toll Brothers continues to strengthen its position in the market. The company operates in 24 states and has been recognized as one of FORTUNE's Most Admired Companies for ten consecutive years.

Toll Brothers, Inc. (NYSE:TOL) reported strong fourth quarter and fiscal year results for FY 2021, ending October 31. Net income rose significantly to $374.3 million ($3.02/share), up from $199.3 million ($1.55/share) in Q4 FY 2020. Home sales revenues reached $2.95 billion, an 18% increase year-over-year. The company also saw a backlog value of $9.50 billion, highlighting a 49% growth. Full-year net income was $833.6 million ($6.63/share), reflecting a 44% increase in signed contracts. Despite challenges from supply chain issues, Toll Brothers projects 20% revenue growth for FY 2022.

Toll Brothers has announced the upcoming launch of Eloise at Grant Park, a luxury community in Atlanta featuring 12 townhomes and 18 stacked flats. Located near Grant Park, the development offers 3-bedroom townhomes starting in the low $500,000s and 2-bedroom flats starting in the upper $200,000s. The community emphasizes luxury urban living with personalized designs and modern amenities. This project reinforces Toll Brothers' reputation as a leading luxury home builder.

Toll Brothers has announced the opening of Beckham Place at Morningside in Atlanta, a luxury home community offering 60 new townhomes featuring 3 to 4 bedrooms and ranging from 1,768 to over 2,044 square feet. Prices start in the mid-$600,000s. Located in the desirable Morningside-Lenox Park neighborhood, the community includes amenities like a swimming pool and green space, and is close to Piedmont Park and local shops. The onsite Sales Center will open in December, providing potential buyers an opportunity to explore this upscale living environment.