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 Fortune 500 homebuilder that describes itself as the nation’s leading builder of luxury homes, with communities in more than 60 U.S. markets. The Toll Brothers news feed on Stock Titan brings together company-issued announcements, community openings, and regulatory updates that shape the TOL stock story.
Recent news highlights the company’s active pipeline of new communities and home collections. Releases describe the launch of new luxury home collections at Sterling Grove in Surprise, Arizona, the opening of model homes at townhome communities such as Woodinville Square and Camas Meadows Crossing in Washington, and the debut of ranch-style single-level designs at Aurora Ridge at Great Sky in Canton, Georgia. Other updates cover new luxury communities like Ledgestone in Lawrenceville, Georgia, Vintage Grove in Fuquay-Varina, North Carolina, and final-home opportunities in Florida communities such as Crosswinds at Nocatee and Fontaine by Toll Brothers.
News items also address lifestyle and amenity developments, including the opening of The Cove amenity center at Regency at Waterset, a 55+ active-adult community in Apollo Beach, Florida. In addition, corporate press releases and related SEC filings report on leadership succession, such as the planned transition of the Chief Executive Officer role and changes in key finance and accounting positions.
By following the Toll Brothers news page, readers can review company communications on new community launches, model home openings, amenity additions, leadership changes, and periodic references to financial results press releases. This page can be revisited regularly to see how Toll Brothers describes its ongoing development activity and corporate milestones that may be relevant to TOL shareholders and prospective investors.
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.
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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.