Financial Performance - Net income for FY 2024 was $1.57 billion, or $15.01 per diluted share, compared to $1.37 billion and $12.36 per share in FY 2023, representing a 14.6% increase in net income and a 21.3% increase in earnings per share [4]. - Net income for Q4 2024 was $475,409, compared to $445,536 in Q4 2023, reflecting a 6.7% increase [36]. - The net income for the year ending October 31, 2024, was reported at $1,571,195, up from $1,372,071 for the year ending October 31, 2023, indicating a growth of 14.5% [56]. - Basic earnings per share increased to $4.67 in Q4 2024 from $4.15 in Q4 2023 [36]. - Diluted earnings per share for October 2024 were $4.63, an increase from $4.11 in October 2023, representing a rise of 12.7% [56]. Revenue and Sales - Home sales revenues for FY 2024 reached $10.56 billion, up 7% from $9.87 billion in FY 2023, with delivered homes increasing by 13% to 10,813 units [4]. - Home sales revenue for Q4 2024 reached $3,260,004, a 10.4% increase from $2,951,904 in Q4 2023 [36]. - Total revenues for the twelve months ended October 31, 2024, were $10,846,740, up from $9,994,937 in the previous year [36]. - Home building revenues increased to $10,563.3 million in 2024 from $9,866.0 million in 2023, reflecting a growth of about 7.0% [43]. - Total contracts for 2024 amounted to $10,072.6 million, significantly higher than $7,907.8 million in 2023, showing an increase of about 27.5% [43]. Margins and Expenses - The adjusted home sales gross margin for FY 2024 was 28.4%, slightly down from 28.7% in FY 2023, while the home sales gross margin was 26.6%, compared to 26.9% in FY 2023 [4]. - Gross margin for home sales was 26.0% in Q4 2024, down from 27.5% in Q4 2023 [36]. - Selling, general and administrative expenses as a percentage of total revenue were 9.3% for the twelve months ended October 31, 2024, compared to 9.2% in the previous year [36]. - SG&A as a percentage of home sales revenues was 9.3% for FY 2024, compared to 9.2% in FY 2023 [4]. Assets and Liabilities - Total assets reached $13,367,932,000, up from $12,527,018,000, indicating a growth of about 6.7% [34]. - Total liabilities decreased to $5,681,217,000 from $5,713,816,000, a reduction of approximately 0.6% [34]. - The total debt as of October 31, 2024, was $2,832,919, slightly up from $2,860,467 in October 2023, showing a decrease of 1.0% [59]. - The net debt-to-capital ratio improved to 15.2% in October 2024 from 17.7% in October 2023, indicating a reduction in leverage [59]. Backlog and Contracts - The backlog value at the end of FY 2024 was $6.47 billion, down 7% from $6.95 billion in FY 2023, with homes in backlog decreasing by 9% to 5,996 units [3]. - The backlog at the end of October 2024 was $6,467.8 million, down from $6,945.3 million in 2023, indicating a decrease of approximately 6.9% [43]. - Net signed contract value for FY 2024 was $10.07 billion, a 27% increase compared to $7.91 billion in FY 2023, with contracted homes also up 27% to 10,231 units [4]. Inventory and Land - Inventory increased to $9,712,925,000 from $9,057,578,000, reflecting a growth of approximately 7.2% year-over-year [34]. - The company owned or controlled approximately 74,700 lots at the end of FY 2024, an increase from 70,700 lots at the end of FY 2023, indicating potential for future growth [15]. - Homes under construction amounted to $2,458,541 as of October 31, 2024, compared to $2,515,484 in the previous year [39]. - Inventory at October 31, 2024, included land deposits and costs of future communities totaling $620,040, up from $549,035 in the previous year [39]. Cash and Shareholder Returns - The company ended FY 2024 with $1.30 billion in cash and cash equivalents, maintaining the same level as at the end of FY 2023 [11]. - The company repurchased approximately 4.9 million shares at an average price of $127.79 per share for a total purchase price of $627.9 million during FY 2024 [4]. - Cash dividend declared increased to $0.23 per share in Q4 2024 from $0.21 in Q4 2023 [36]. Market Position and Outlook - The company anticipates continued demand for homes despite economic uncertainties, focusing on strategic land acquisitions and market expansion [26]. - Toll Brothers has been recognized as one of Fortune's Most Admired Companies for 10 consecutive years, highlighting its strong market position and reputation [21].

PALM SPRINGS, Calif., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Nola at Escena, will open for sale this Saturday, December 7, 2024. This exclusive Toll Brothers neighborhood of only 40 homes will offer the rare opportunity to own a new luxury home in the heart of a modern desert oasis in Palm Springs, California. The community is located at 1323 Celadon Street in Palm Springs. Located within the gated ...

CUMMING, Ga., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, the nation’s leading builder of luxury homes, today announced the model grand openings at three exceptional new home communities in Cumming, Georgia: Northfield, Sterling Pointe, and CrossCreek by Toll Brothers. The stunning model homes showcase Toll Brothers’ signature craftsmanship, innovative designs, and high-quality finishes. The company recently hosted Model Grand Opening events at each of the communities, and the thoughtfully designed mod ...

GARDEN RIDGE, Texas, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, is pleased to announce that its newest community, Toll Brothers at Enchanted Bluff, is now open for sale in the San Antonio, Texas area. This exceptional new Texas Hill Country community offers expansive one-acre home sites and elegant single- and two-story home designs. The Toll Brothers Sales Center and professionally decorated model home is now open at 8279 Blue Oak Way in ...

SPRING HILL, Tenn., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Toll Brothers at August Park, is coming soon to Spring Hill, Tennessee. The community will be located near the intersection of Round Hill Lane and Hunt Valley Drive. Construction of the model home is set to begin in January, and sales will begin in the spring of 2025. Conveniently situated near the new June Lake Interstate 65 interchange, T ...

CHATSWORTH, Calif., Nov. 22, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the final opportunity to own a new home at Verona Estates, an exclusive gated community in Chatsworth, California. Only a few homes remain available for sale in this prestigious community, including the professionally decorated Siena Modern Farmhouse model home. The intimate gated enclave of Verona Estates is a rare find showcasing award-winning architecture and ...

LEANDER, Texas, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, announced the grand opening of its newest collection of homes, Travisso - Verona Collection, in the master-planned community of Travisso in Leander, Texas. The stunning new model home is now open at 4912 Carsoli Lane in Leander, showcasing the distinctive designs and exquisite craftsmanship that define Toll Brothers homes in this award-winning master plan. “The new Verona model ho ...

PUNTA GORDA, Fla., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, is offering a limited number of move-in ready and quick move-in homes at its Toll Brothers at Willow community in Punta Gorda, Florida. This new construction community offers thoughtfully designed single-family homes in the amenity-rich Willow master plan. Toll Brothers at Willow features a selection of modern home designs ranging from 1,918 to 2,992 square feet, with 3 to 4 bed ...

FLOWER MOUND, Texas, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, is pleased to announce the grand opening of Dixon Estates, an exclusive new home community in the highly desirable Flower Mound area near Dallas, Texas. The Sales Center is now open daily located nearby at Toll Brothers Vickery – Executive Collection community at 1101 Buckingham Place in Copper Canyon. Defined by its charm and tranquility, Dixon Estates is an enclave of single ...

Core Insights - Toll Brothers, Inc. has launched 717 Lyon, a new gated community of townhome-style condos in Santa Ana, California, now open for sale [1][4] - The community features modern three-story home designs with two-car garages, emphasizing luxury and convenience in a vibrant urban setting [2][3] - Homes at 717 Lyon are priced starting from $889,000, with a focus on personalized options available at the Toll Brothers Design Studio [4] Company Overview - Toll Brothers, Inc. is recognized as the leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986 [5] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a variety of housing options for different buyer segments [5][6] - Toll Brothers has received multiple accolades, including being named to Fortune's World's Most Admired Companies list for ten consecutive years [7]