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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.
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Toll Brothers, Inc. (NYSE:TOL) reported its third-quarter financial results for FY 2020, revealing a net income of $114.8 million, down from $146.3 million in FY 2019. Earnings per share also declined to $0.90 from $1.00. Home sales revenue totaled $1.63 billion, a decrease of 7%, although home deliveries increased by 1% to 2,022 units. Notably, net signed contracts rose 26% to 2,833 units, reflecting demand amid low interest rates. The third-quarter backlog increased by 6% to 7,239 homes, valued at $6.09 billion.
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Toll Brothers, Inc. (NYSE:TOL) announced a quarterly cash dividend of $0.11 per share, payable on July 24, 2020, to shareholders of record by the close of business on July 10, 2020. As the leading builder of luxury homes in the U.S., Toll Brothers operates in 24 states and has been recognized as the World’s Most Admired Home Building Company for six consecutive years. Established in 1967, the company provides various housing options and has its own subsidiaries involved in architecture, engineering, and development.
Toll Brothers, the leading luxury home builder, reported a net income of $75.7 million for Q2 FY 2020, down from $129.3 million in the same quarter last year. Earnings per share were $0.59, decreasing from $0.87. Home sales revenues also dropped 11% to $1.52 billion, while home deliveries rose slightly by 1% to 1,923 units. Net signed contracts fell 22% to 1,886 units. The company withdrew its fiscal year guidance due to COVID-19 impacts but maintains strong liquidity of approximately $2.0 billion.