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 (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.
Summary not available.
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.
Summary not available.
Summary not available.
Toll Brothers (NYSE:TOL) has announced the upcoming opening of its new communities, Viewpoint and Westridge at Metro Heights in Montebello, Los Angeles County. Pre-model sales begin on May 21, 2022, with pricing starting from $1.8 million. The master-planned community offers luxury homes with stunning views, featuring two-to-three-story designs with 5 to 7 bedrooms. Amenities include a 10,000 sq ft recreation center, pools, and parks. Homebuyers can expect energy-efficient features without Mello Roos taxes.
Toll Brothers, a leading luxury home builder, has announced the opening of a new model home in its Preserve at Beacon Lake community in St. Johns County, Florida. This 3,171 square-foot Delmore Elite model features an extensive design including a spacious great room and well-equipped kitchen. Homes in this community start from the $500,000s and offer various designs and amenities such as a fitness center, swimming pool, and an active community lifestyle. The sales center is open daily for tours.