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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, the leading builder of luxury homes, reported a strong first quarter for FY 2021, with net income of $96.5 million and diluted EPS of $0.76, up from $56.9 million and $0.41 in the prior year. Home sales revenues reached $1.41 billion, a 9% increase, with 1,777 homes delivered, marking a 10% rise. Net signed contracts soared by 68% to $2.51 billion. Backlog increased by 37% to $7.47 billion, signaling strong demand. Despite these gains, the company expects a pre-tax charge of $33 million from early debt redemption.
Toll Brothers, Inc. (NYSE:TOL), a leading luxury home builder, is set to announce its first-quarter earnings results for FY 2021 on February 23, 2021, after the market close. A live conference call will follow on February 24, 2021, at 8:30 a.m. EST, where the company will discuss its financial performance and outlook for the fiscal year. Toll Brothers operates in 24 states and has received accolades for its performance, being recognized as the World’s Most Admired Home Building Company for six consecutive years.
Toll Brothers Apartment Living and L+M Development Partners, in partnership with Goldman Sachs, have secured $160 million in construction financing for a new 561-unit community in Washington, D.C. This development will provide approximately 20% affordable housing and include public open spaces and extensive amenities. The project, located on a 6.7-acre site, is set to start construction and aims to offer a range of apartment sizes. With strong backing from financial partners and local organizations, it anticipates welcoming its first residents in 2022.
Toll Brothers, Inc. (NYSE:TOL) announced a quarterly cash dividend of $0.11 per share, scheduled for payment on January 22, 2021. Shareholders of record as of the close of business on January 8, 2021 will be eligible to receive this dividend. The company, a leader in luxury home building, operates in 24 states and has been recognized as the World’s Most Admired Home Building Company for six consecutive years. It engages in various residential developments and offers an array of services, including architectural and engineering solutions.
Toll Brothers reported its fourth quarter results for FY 2020, showing a net income of $199.3 million ($1.55 per share), slightly down from $202.3 million ($1.41 per share) the previous year. Home sales revenues rose 9% to $2.50 billion, with deliveries up 10% to 2,940 homes. Notably, net signed contracts surged 63% to $2.74 billion, marking a record for the company. However, pre-tax income decreased to $267.0 million from $272.6 million. The FY 2021 guidance anticipates delivering 9,600 to 10,200 homes with an average price between $790,000 and $810,000.
CAVU Resources (OTC: CAVR) announced the successful closing of a $5.59 million contract with Toll Brothers (NYSE: TOL), marking the largest revenue-producing transaction in the company's history. The company reported a 475% increase in revenue for Q4 FY20, with eight weeks remaining in the quarter. Upcoming closings from Sinacori Builders include 6 custom properties, expected to generate an additional $3.85 million in revenue. The firm also purchased 16 development lots for $2.2 million, anticipating further growth in 2021.
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