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) announces the upcoming launch of Monterey at Lakewood Ranch, set to open for sales in summer 2023. Located in the desirable Lakewood Ranch community, the development will feature 113 home sites with 12 distinct designs ranging from 2,493 to over 4,985 square feet. The community will boast luxurious amenities such as a clubhouse, swimming pool, fitness center, and more, catering to a lifestyle of comfort and elegance. With proximity to shopping, dining, and top-rated schools, this venture aims to attract a diverse clientele looking for high-quality living in Florida.
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Toll Brothers (NYSE:TOL) announced the grand opening of Waterview Landing, a luxury lakefront community in Babcock Ranch, Florida. This new development features two collections of single-family homes, priced from the low $400,000s. Homes will offer open floor plans, first-floor primary suites, and customizable options through the Toll Brothers Design Studio. Residents can enjoy a nature-connected lifestyle with access to amenities like the Lake Timber Lodge and nearby recreational options. Notably, the location is just 15 miles from downtown Ft. Myers, providing convenience for homeowners.
Toll Brothers, Inc. (NYSE:TOL) reported strong first quarter results for FY 2023, with net income increasing to $191.5 million ($1.70 per share), compared to $151.9 million ($1.24 per share) in FY 2022. Home sales revenues reached $1.75 billion, a 4% increase year-over-year. However, net signed contracts dropped significantly, down 51% to $1.45 billion and delivered homes decreased by 5%. The backlog ended at $8.6 billion, a 21% decline from last year. The company maintains a solid outlook, reaffirming guidance for an adjusted gross margin of 27.0% and earnings per share of $8.00 to $9.00.
Toll Brothers, the leading luxury home builder, has announced the upcoming launch of Regency at Woodbridge, an active-adult townhome community in Woodbridge, Connecticut. The community will feature 70 townhomes with 2 to 3 bedrooms, 2.5 baths, and 2-car garages, offering personalization options at the Toll Brothers Design Studio. Residents will enjoy amenities such as a clubhouse, fitness center, and outdoor pool. The future sales center opens in fall 2023, and the location provides convenient access to local shopping, dining, and major highways. Toll Brothers continues its commitment to building high-quality homes tailored for active adults aged 55 and older.
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Toll Brothers (NYSE:TOL) has announced the opening of its new gated community, Hidden Ridge, located in El Dorado Hills, California. This luxury development features 90 single-family homes, with prices starting from $1 million. The homes include modern floor plans ranging from 3,000 to 4,000+ square feet, featuring up to 5 bedrooms and 4.5 baths. Located within the Rescue Union School District, residents will benefit from access to high-end shopping and outdoor activities. Prospective buyers can explore the new sales center at 7044 Grand Teton Drive.
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Toll Brothers, Inc. (NYSE:TOL), a leading builder of luxury homes, will hold a conference call on February 22, 2023, at 8:30 a.m. ET to discuss its first quarter results for FY 2023, which will be announced after the market close on February 21, 2023. The call will be hosted by Chairman and CEO Douglas C. Yearley, Jr. Investors can access the call via the company's website. Toll Brothers has been recognized as the #1 Home Builder in Fortune’s 2023 survey of the World’s Most Admired Companies, marking the eighth consecutive year of this accolade. The company operates in over 60 markets across 24 states.
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