Tuesday, February 18, 2025Market indexes closed today’s regular trading session on a strong upswing that brought levels back near morning highs. That said, we lost the exuberance today’s pre-market trading had been enjoying. The Dow closed +10 points as of the closing bell, with the S&P 500 and Nasdaq both at +14. The small-cap Russell 2000 is the only index higher than where we saw it ahead of the open: +10 points.Homebuilder Confidence Drops OffFebruary results from the latest NAHB/Wells Fargo Housing Mar ...

Toll Brothers (TOL) came out with quarterly earnings of $1.75 per share, missing the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $2.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.06%. A quarter ago, it was expected that this home builder would post earnings of $4.30 per share when it actually produced earnings of $4.63, delivering a surprise of 7.67%.Over the last four quarters, the compan ...

Financial Performance - In the first quarter of FY 2025, Toll Brothers delivered 1,991 homes at an average price of approximately $925,000, generating home sales revenues of $1.84 billion, a 5% decrease compared to FY 2024's first quarter[4][6]. - Net income for the first quarter was $177.7 million, or $1.75 per diluted share, down from $239.6 million, or $2.25 per diluted share, in FY 2024's first quarter[6][11]. - Home sales revenue for the three months ended January 31, 2025, was $1,840,776, a decrease of 4.7% from $1,931,836 in the same period of 2024[29]. - Total consolidated revenues for the three months ended January 31, 2025, were $1,859.1 million, a decrease of 4.5% from $1,947.8 million in the same period of 2024[32]. - Basic earnings per share decreased to $1.76 in Q1 2025 from $2.28 in Q1 2024, representing a decline of 22.8%[29]. Sales and Contracts - Net signed contracts for the first quarter totaled $2.31 billion, representing a 12% increase in dollar value and a 13% increase in units compared to the same period last year[5][6]. - Total contracts for the three months ended January 31, 2025, increased to $2,307.2 million, up 11.7% from $2,064.8 million in Q1 2024[32]. - Total home sales units increased to 1,991 in Q1 2025 from 1,927 in Q1 2024, representing a growth of 3.3%[32]. Backlog and Inventory - The backlog value at the end of the first quarter was $6.94 billion, down 2% year-over-year, with homes in backlog decreasing by 6% to 6,312 units[6][11]. - The backlog of homes as of January 31, 2025, was valued at $6,938.4 million, a decrease of 2.0% from $7,081.1 million in January 2024[32]. - Total inventory increased to $10,677,502 as of January 31, 2025, compared to $9,712,925 as of October 31, 2024, reflecting a rise of 9.9%[27]. Margins and Expenses - The adjusted home sales gross margin for the quarter was 26.9%, down from 28.9% in FY 2024's first quarter, while the home sales gross margin was 25.0% compared to 27.6% in the prior year[6][11]. - Gross margin for home sales decreased to 25.0% in Q1 2025 from 27.6% in Q1 2024, reflecting increased costs[29]. - SG&A expenses as a percentage of home sales revenues increased to 13.1%, compared to 11.9% in FY 2024's first quarter[6][11]. Financial Position and Debt - The company ended the first quarter with approximately 77,700 lots owned or controlled, with 56% of these lots controlled, ensuring sufficient land for growth[7][13]. - The net debt-to-capital ratio improved to 21.1% as of January 31, 2025, compared to 15.2% on October 31, 2024[44]. - The company has extended the maturity dates of its term loan and revolving credit facilities to February 2030, increasing the capacity of its revolving credit by nearly $400 million[7][13]. Other Financial Metrics - Customer deposits held in escrow increased to $112,671 as of January 31, 2025, from $109,691 as of October 31, 2024[27]. - Interest expense charged to home sales cost of revenues was $20,076 for the three months ended January 31, 2025, compared to $23,578 in the same period of 2024[31]. - The effective tax rate for the three months ended January 31, 2025, was 19.7%, down from 23.0% in the same period of 2024[29]. - The company reported a loss from unconsolidated entities of $8,743 for the three months ended January 31, 2025, slightly improved from a loss of $9,172 in the same period of 2024[29]. Regional Performance - The South region reported revenues of $506.3 million in Q1 2025, a decrease of 5.0% from $532.9 million in Q1 2024[32]. - The Mountain region saw a significant increase in units sold, rising to 663 in Q1 2025 from 485 in Q1 2024, representing a growth of 36.7%[32]. Share Repurchase - The company repurchased approximately 0.2 million shares at an average price of $127.02 per share, totaling $23.7 million[6].

Granite Heights Las Vegas, NV FORT WASHINGTON, Pa., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, today announced results for its first quarter ended January 31, 2025. FY 2025’s First Quarter Financial Highlights (Compared to FY 2024’s First Quarter): Net income and earnings per share were $177.7 million and $1.75 per diluted share, compared to net income of $239.6 million and $2.25 per diluted share in FY 2024’s first ...

Toll Brothers, Inc. TOL will release its first-quarter financial results after the closing bell on Tuesday, Feb. 18.Analysts expect the Fort Washington, Pennsylvania-based company to report quarterly earnings at $2.05 per share, down from $2.25 per share in the year-ago period. Toll Brothers projects quarterly revenue of $1.91 billion, compared to $1.95 billion a year earlier, according to data from Benzinga Pro.On Dec. 9, 2024, Toll Brothers reported quarterly earnings of $4.63 per share, which beat the an ...

New modern luxury community features stunning architectural and interior designSCOTTSDALE, Ariz., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the grand opening of the Manor Collection at Sereno Canyon. Ideally located in North Scottsdale, Arizona, Sereno Canyon is an award-winning master-planned community of single-family homes nestled in the shadow of the McDowell Mountains. The staff-gated community features four collectio ...

PLEASANTON, Calif., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the final home at its Diamond Canyon community in Pleasanton, California is now available for sale. The community’s stunning Dresden Farmhouse model home, located at 1201 Lund Ranch Road in Pleasanton, has been listed for sale at $4,999,995 and is available to view by appointment. This exclusive community is nestled within an established neighborhood in Pleasant ...

MORGAN HILL, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced the final phase of new home sites is now available at Borello Ranch Estates, an exclusive gated community of luxury single-family homes in Morgan Hill, California. The Toll Brothers Sales Center and professionally decorated, award-winning model homes are open for tours at 18251 Corte Agustin in Morgan Hill. Borello Ranch Estates is a highly sought-after communi ...

LEANDER, Texas, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest Austin-area community, Toll Brothers at Woodland Estates, an exclusive enclave of single-family homes on one-acre home sites, is coming soon to Leander, Texas. Construction of the Sales Center is currently underway at 2341 Greatwood Trail in Leander, and the community is anticipated to open for sale in April 2025. Toll Brothers at Woodland Estates is an ...

Toll Brothers, Inc. (TOL) is scheduled to report first-quarter fiscal 2025 (ended Jan. 31, 2025) results on Feb. 18, after the closing bell.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.In the last reported quarter, Toll Brothers’ earnings per share (EPS) and revenues surpassed the Zacks Consensus Estimate by 7.7% and 5.3% and increased 12.7% and 10.4% on a year-over-year basis, respectively. Notably, quarterly performance was highlighted by the record home sales revenue and si ...