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. (NYSE: TOL) is a leading national luxury homebuilder shaping residential real estate through innovative communities and premium urban developments. This dedicated news hub provides investors and industry observers with comprehensive updates on corporate milestones, financial disclosures, and strategic initiatives.
Track official announcements including quarterly earnings results, executive leadership updates, partnership agreements, and market expansion plans. Our curated collection features press releases covering new community launches, sustainability initiatives, and operational achievements across Toll Brothers' 24-state footprint.
Discover timely insights into the company's luxury homebuilding operations, multifamily developments through Toll Brothers Apartment Living, and design innovation strategies. Content is organized for efficient navigation of material developments impacting both residential buyers and long-term investors.
Bookmark this page for direct access to verified information about TOL's market positioning, industry recognition, and community development projects. Check regularly for updates reflecting the company's performance in the premium housing sector and broader construction industry trends.
CAVU Resources (OTC: CAVR) announced the successful closing of a $5.59 million contract with Toll Brothers (NYSE: TOL), marking the largest revenue-producing transaction in the company's history. The company reported a 475% increase in revenue for Q4 FY20, with eight weeks remaining in the quarter. Upcoming closings from Sinacori Builders include 6 custom properties, expected to generate an additional $3.85 million in revenue. The firm also purchased 16 development lots for $2.2 million, anticipating further growth in 2021.
Toll Brothers, the nation's leading builder of luxury homes, will hold a conference call on December 8, 2020, at 11:00 a.m. (EST) to discuss its fiscal 2020 results and the outlook for fiscal 2021. The company will announce its fourth quarter results on December 7, 2020, after market close. Investors can access the live call via the Toll Brothers website. Established in 1967, Toll Brothers operates in 24 states and is known for its wide range of luxury residential offerings. It has received numerous accolades for its performance in the home building industry.
Toll Brothers, the leading luxury home builder in the U.S., declared a quarterly cash dividend of $0.11 per share. Shareholders on record by October 9, 2020, will receive this dividend on October 23, 2020. Founded in 1967, Toll Brothers operates across 24 states, catering to various buyer segments. The company continues to enhance its market presence, demonstrating consistent growth and stability in the luxury housing sector.
Toll Brothers, the leading builder of luxury homes, announced a significant increase in net signed new home contracts for its fourth quarter-to-date, rising by 110% year-over-year to 1,678 homes from 800 homes for the same period in 2019. This surge in demand corresponds with a 114% increase in average monthly per-community contracts. Factors contributing to this trend include low interest rates and a shortage of homes. CEO Douglas C. Yearley, Jr. expressed confidence in the company's outlook for FY 2021, provided market conditions remain favorable.
Toll Brothers (NYSE: TOL) expands into the Colorado Springs market by acquiring Keller Homes, a prominent local builder with a reputation for quality. Keller has built nearly 4,000 homes and currently holds a backlog of 84 homes valued at approximately $44 million. This acquisition allows Toll Brothers to enhance its position in a dynamic housing market rated as the #1 hottest in the U.S. by USA Today. The deal also includes rights to purchase over 300 lots controlled by Keller, expanding Toll's reach in Colorado's residential market.
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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