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Toll Brothers, Inc. builds luxury homes and residential communities across U.S. markets. News about TOL commonly covers new community openings, model-home grand openings, final sales opportunities, and planned collections of single-family homes, townhomes, and condominiums in regional markets such as Florida, Georgia, California, Texas, and Connecticut.
The company’s recurring updates also describe home designs, community amenities, buyer categories, and related operations in architecture, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing. Earnings announcements and conference-call notices add periodic reporting on home sales, deliveries, contracts, backlog, margins, and other homebuilding operating measures.
Toll Brothers, Inc. (NYSE:TOL) announces a quarterly cash dividend increase to $0.20 per share, marking an 18% rise from $0.17 per share. The annualized dividend now stands at $0.80 per share. Shareholders of record on April 8, 2022 will receive the dividend on April 22, 2022. CEO Douglas C. Yearley, Jr. emphasized the company's strong cash generation and commitment to sustainable growth, which reflects positively on shareholder returns.
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Toll Brothers (NYSE:TOL) has announced the opening of Silver Star, a luxury home community in Nampa, Idaho. This community features 232 single-family homes with designs ranging from 1,586 to 3,104 square feet, including the new Kaplan model. Located near West Ada District schools and recreational areas, the community offers a blend of suburban living and access to amenities. Buyers can customize the homes through the Toll Brothers Design Studio. Toll Brothers continues to lead in luxury home construction, recently recognized as the World’s Most Admired Homebuilder for 2022.
Toll Brothers, Inc. (NYSE:TOL) reported strong first-quarter results for FY 2022, with net income soaring by 57% to $151.9 million and earnings per share rising 63% to $1.24, driven by a 20% increase in home sales revenues to $1.7 billion. The company signed net contracts valued at $3.0 billion, a 19% increase, and backlog surged 45% to a record $10.8 billion. Adjusted gross margins improved to 25.6%, and the company reaffirmed its full-year projections for 20% growth in home sales revenues and a gross margin of approximately 27.5% amidst ongoing supply chain challenges.
Toll Brothers (NYSE:TOL) has announced the upcoming launch of its new luxury home community, Toll Brothers at Harvest, located in Denton County, Texas. This community will feature 72 single-family homes with sizes ranging from 1,900 to 3,200 square feet. Residents will enjoy a vibrant lifestyle with amenities such as a community garden, fitness facilities, and several pools. The community boasts a prime location with access to major highways and nearby schools. The Sales Center is set to open in Summer 2022, and prospective buyers can join the interest list for updates.
Toll Brothers, a leading luxury home builder, announces the launch of two new communities in New Jersey: Middletown Walk and Enclave at Chatham. Construction has begun on these developments, featuring upscale living options. Middletown Walk offers spacious three-level townhomes starting in the upper $600,000s, while Enclave at Chatham presents luxury carriage-style homes priced from $1.4 million, with scenic views and premium amenities. The company reports strong interest in both projects, reflecting their commitment to enhancing their market presence in New Jersey.
Toll Brothers has announced the launch of new active-adult homes at Santa Rita Ranch in Liberty Hill, Texas. This marks the first partnership between Santa Rita Ranch and Toll Brothers, featuring the first 55+ active-adult community in Texas. Three home collections—the Regency Garden, Meadow, and Orchard Collections—offer expansive floor plans ranging from 1,599 to over 3,500 square feet. The grand opening is set for this spring, with advance sales now available. Toll Brothers aims to provide luxury living and exceptional amenities in the Texas Hill Country.
Toll Brothers (NYSE:TOL) has announced the opening of Westhaven at Ovation, a new community in the Horizon West development of southwest Orlando. This community features 368 homes, including townhomes and single-family houses, with prices starting from the $400,000s. The homes range in size from 1,760 to 3,800 square feet and include multiple floor plans. Residents will enjoy resort-style amenities and proximity to top-rated schools, shopping, and major attractions. The sales center is temporarily located at the Lakeshore community in Winter Garden, Florida.
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Toll Brothers, Inc. (NYSE:TOL), a leading luxury home builder, will hold a conference call on February 23, 2022, at 8:30 a.m. (ET) to discuss its first-quarter results for FY 2022, which will be announced after market close on February 22, 2022. Investors can access the call via the Investor Relations section of their website. Toll Brothers serves a diverse market across 24 states and has earned accolades such as the World’s Most Admired Homebuilder by FORTUNE magazine in 2022, marking its seventh consecutive year in this position.