Toll Brothers Chairman and CEO Douglas C. Yearley, Jr. Named Among Top CEOs by Barron’s

Rhea-AI Summary

Toll Brothers (NYSE:TOL) announced that Chairman and CEO Douglas C. Yearley, Jr. has been named one of the Top CEOs of 2024 by Barron’s magazine. The recognition highlights Yearley's effective management strategies that have significantly positioned the company for success. The strategy to target affluent first-time homebuyers and well-to-do move-up buyers has resulted in notable profitability. Toll Brothers' margins are among the highest in the industry, and the company’s stock has achieved a one-year return of 64.4%. Toll Brothers Board Member Scott Stowell praised Yearley for his leadership and the team’s commitment to quality craftsmanship and customer service.

Positive

• Douglas C. Yearley, Jr. recognized as a Top CEO of 2024 by Barron’s.
• Toll Brothers achieved a one-year stock return of 64.4%.
• Company's strategy to attract affluent first-time and move-up buyers resulted in high profitability.
• Toll Brothers’ margins are among the highest in the industry.

Negative

• None.

FORT WASHINGTON, Pa., June 24, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (www.TollBrothers.com), the nation’s leading builder of luxury homes, today announced Chairman and CEO Douglas C. Yearley, Jr. has been named one of the Top CEOs of 2024 by Barron’s magazine. The annual list by Barron’s, which this year recognized 25 CEOs, is selected by a panel of editors and reporters with an emphasis on recent management actions that have better positioned their respective companies for success.

The Barron’s article noted that under Mr. Yearley’s leadership, Toll Brothers has “continued to court well-to-do move-up buyers while widening its price points to attract affluent first-timers,” a strategy that has “paid off.” The article further stated, “Toll Brothers CEO Douglas Yearley has turned a shortage of existing homes for sale into bumper profits for new ones,” citing Toll Brothers’ margins as “among the highest in the industry.” The Company’s stock has achieved a one-year return of 64.4%.

“We are immensely proud of Doug and this well-deserved recognition. He leads an incredibly talented team at Toll Brothers that works hard every day to exceed our customers’ expectations and deliver exceptional value to our shareholders,” said Toll Brothers Board Member and Lead Independent Director, Scott Stowell. “That team is committed to delivering quality craftsmanship and extraordinary customer service with every new home we build, taking care of each other and our customers, and in doing so upholding our brand promise as America’s Luxury Home Builder. That commitment starts at the top.”

About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 57 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

In 2024, Toll Brothers marked 10 years in a row being named to the Fortune World's Most Admired Companies™ list. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2024 Fortune Media IP Limited. All rights reserved. Used under license.

CONTACT: Heather Reeves, (215) 328-7634
hreeves@tollbrothers.com

CONTACT: Gregg Ziegler, (215) 938-8365
gziegler@tollbrothers.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/32f95956-8dbc-44c5-acf8-6b83fea7fbb1

FAQ

Why was Toll Brothers' CEO Douglas C. Yearley, Jr. named a Top CEO of 2024 by Barron’s?

Douglas C. Yearley, Jr. was named a Top CEO of 2024 by Barron’s due to his successful management strategies, positioning Toll Brothers for success and achieving high profitability.

What is the one-year stock return for Toll Brothers (TOL) as mentioned in the 2024 press release?

Toll Brothers (TOL) achieved a one-year stock return of 64.4%.

How has Toll Brothers' strategy impacted its profitability?

Toll Brothers' strategy to attract affluent first-time and move-up buyers has resulted in high profitability and margins among the highest in the industry.

What did Barron’s highlight about Toll Brothers' performance under CEO Douglas Yearley?

Barron’s highlighted that under CEO Douglas Yearley, Toll Brothers turned a shortage of existing homes into bumper profits for new ones, and their margins are among the highest in the industry.