Company Reports

Toll Brothers prides itself on controlling an ample supply of some of the best land in the industry. Premier land inventory, combined with luxurious, customizable designs, allows the company to charge industry-leading average selling prices (among public peers).

Toll Brothers posted strong results this quarter despite a challenging housing market backdrop. Revenues were in line with guidance at $2.6 billion while adjusted gross margins slightly beat expectations, largely due to lower incentives and flat building costs.

Toll Brothers prides itself on controlling an ample supply of some of the best land in the industry. Premier land inventory, combined with luxurious, customizable designs, allows the company to charge industry-leading average selling prices (among public peers).

Toll Brothers posted a solid set of results and increased guidance despite recent weakness in the US housing market due to elevated mortgage rates. The firm's exposure is highly weighted toward the luxury housing market and higher-income households, which have held up much better.

US homebuilders operate in a highly cyclical, competitive, and capital-intensive industry that makes it challenging to earn consistent economic profits over the business cycle. The market has been consolidating but remains highly fragmented with intense competition.

Toll Brothers prides itself on controlling an ample supply of some of the best land in the industry. Premier land inventory, combined with luxurious, customizable designs, allows the company to charge industry-leading average selling prices (among public peers).

We will discontinue analyst coverage of Toll Brothers on or about Nov. 7.

Toll Brothers announced that real estate investment firm Kennedy Wilson will acquire 18 of its apartment and student housing properties and manage another 20 properties on its behalf. Kennedy Wilson will also acquire 29 development sites. The deal is valued at $347 million.

Toll Brothers prides itself on controlling an ample supply of some of the best land in the industry. Premier land inventory, combined with luxurious, customizable designs, allows the company to charge industry-leading average selling prices (among public peers).

Toll Brothers' fiscal third-quarter new orders declined 4% year over year, but the average selling price of new orders increased 4.5% to over $1 million. Management continues to prioritize profit margins over sales pace; adjusted gross profit margin of 27.5% topped guidance by 25 basis points.

Toll Brothers prides itself on controlling an ample supply of some of the best land in the industry. Premier land inventory, combined with luxurious, customizable designs, allows the company to charge industry-leading average selling prices (among public peers).

New orders in Toll Brothers' fiscal second quarter declined 13% year over year, but the average new order selling price rose 2% to $982,800. Adjusted home sales gross margin of 27.5% slipped 70 basis points year over year. The homebuilder only modestly raised sales incentives during the quarter.

Toll Brothers prides itself on controlling an ample supply of some of the best land in the industry. Premier land inventory, combined with luxurious, customizable designs, allows the company to charge industry-leading average selling prices (among public peers).

Toll Brothers prides itself on controlling an ample supply of some of the best land in the industry. Premier land inventory, combined with luxurious, customizable designs, allows the company to charge industry-leading average selling prices (among public peers).

US global trade policy has weighed on both consumer and homebuilder confidence. The spring selling season is off to a slow start, and there is an above-average supply of new, unsold homes.

On April 2, President Donald Trump announced sweeping tariffs, featuring a minimum 10% tariff on all US imports and higher tariff rates for select countries.

Toll Brothers' management characterized the early spring demand environment as mixed, but the homebuilder still saw a 13% year-over-year increase in new orders during the quarter. Despite some uncertainty, management still expects to deliver more homes this year than last.

Toll Brothers prides itself on controlling an ample supply of some of the best land in the industry. Premier land inventory, combined with luxurious, customizable designs, allows the company to charge industry-leading average selling prices (among public peers).

Toll Brothers prides itself on controlling an ample supply of some of the best land in the industry. Premier land inventory, combined with luxurious, customizable designs, allows the company to charge industry-leading average selling prices (among public peers).

Toll Brothers closed out a strong fiscal 2024 with great fourth-quarter results that topped management's guidance. New orders grew a robust 30% year over year with an average selling price of $1 million, roughly 1% higher than the year-ago quarter.