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 (NYSE:TOL) has expanded amenities at its Riverton Pointe community in Hardeeville, South Carolina, enhancing its luxury living offerings. The new state-of-the-art fitness center opened in spring 2022, while a pro shop and Waterview Grill are under construction, expected to be completed in early 2023. Riverton Pointe, priced from the upper $400,000s, features 15 home designs with luxurious amenities, including an 18-hole golf course and resort-style pool. The community is conveniently located near shopping, dining, and entertainment options.
Toll Brothers, Inc. (NYSE:TOL) announced a quarterly cash dividend of $0.20 per share payable on July 22, 2022. Shareholders of record must hold their shares by the close of business on July 8, 2022. This dividend reflects the company's commitment to returning value to its shareholders amidst its operations as a leading luxury home builder across 60 markets in 24 states.
Toll Brothers (NYSE:TOL) has commenced construction on the Chappaqua Crossing Carriages, a luxury home community in Chappaqua, New York. This project features 91 home sites with five distinct carriage-style designs ranging from 2,503 to 2,906 square feet. Sales are expected to begin this fall, with model homes set to debut this winter. Residents will benefit from nearby shopping, entertainment, and a top-ranked school district. The development aims to redefine luxury living with personalization options at the Toll Brothers Design Studio.
Toll Brothers (NYSE:TOL) has launched the Tres Lagos – Estate Collection, a new luxury home community in Harris County, Texas. This gated collection features one- and two-story homes on expansive lots, ranging from 3,600 to 5,400+ square feet, with prices starting in the low $900,000s. The community boasts modern designs with various amenities and is conveniently located near shopping, dining, and major highways. Residents will benefit from the award-winning Klein Independent School District and onsite amenities such as a clubhouse and proximity to golf and equestrian facilities.
Toll Brothers (NYSE:TOL) announced the opening of a new Design Studio in Alpharetta, Georgia, enhancing its luxury home offerings in the Atlanta area. This state-of-the-art facility provides home buyers with a retail-like experience, offering a selection of premium design options and expert consultations. The studio's opening aligns with Toll Brothers' strategy to cater to the growing demand for personalized home designs, reinforcing its reputation as a leading luxury builder.
Toll Brothers (TOL) announced the opening of its sales center and model home at Weslyn Park, a community of luxury single-family homes in Sunbridge, Florida. The Bunnell model features 5 bedrooms and 3.5 bathrooms, priced from the low $600,000s. Home designs range from 2,485 to 4,042 square feet with various architectural styles and smart home technology. Residents benefit from amenities like a community garden, playground, and walking trails. Brock Fanning, Division President, highlighted the blend of luxury and accessibility to nature.
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Toll Brothers, Inc. (NYSE:TOL) reported strong second quarter results for FY 2022, achieving net income of $220.6 million ($1.85 per share diluted), up from $127.9 million ($1.01 per share diluted) year-over-year. Home sales revenues rose 19% to $2.2 billion with 2,407 delivered homes, a record for the quarter. The backlog reached $11.7 billion, up 35% year-over-year. The company maintained its FY 2022 revenue growth projection of 20% and an adjusted gross margin target of 27.5%.
However, net signed contracts decreased 18% to 2,874 homes, indicating a potential softening in demand.
Toll Brothers, Inc. (NYSE: TOL) announces the retirement of David Keller, Division President, and Pam Keller, Vice President of Sales, effective June 2, 2022, after 38 years in the Colorado Springs market. Eric Hunter, the current Division Vice President, will succeed David Keller. The Kellers have built nearly 4,000 homes and established a strong reputation for innovation and quality in the industry. Their leadership has contributed to the company's successful integration into the Colorado Springs market since acquiring Keller Homes in 2020.
Toll Brothers (NYSE:TOL) has officially opened the community clubhouse at The Ridge at Big Rock in Duvall, Washington. This 3,671-square-foot clubhouse features indoor and outdoor entertaining spaces, a fitness center, and more, enhancing the lifestyle for homeowners in the master-planned community. Homes in the area are priced starting at $1 million, and demand has reportedly been strong since the community's launch. The company operates an extensive Design Studio in nearby Kirkland, providing personalized home design options.