Welcome to our dedicated page for Toll Brothers news (Ticker: TOL), a resource for investors and traders seeking the latest updates and insights on Toll Brothers stock.
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, 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.