From GlobeNewswire: 2025-02-18 16:30:00

Toll Brothers, Inc. reported financial results for the first quarter of FY 2025, with net income at $177.7 million and earnings per share at $1.75, lower than the previous year. Home sales revenues were $1.84 billion, down 5%, with 1,991 delivered homes and a backlog value of $6.94 billion.

Despite lower net income, Toll Brothers signed 2,307 net contracts worth $2.31 billion in the first quarter, an increase from the previous year. The company remains optimistic about the home market outlook, citing strong fundamentals like demographics and undersupply. They reaffirmed their guidance for the full year, expecting solid results.

Toll Brothers extended the maturity of their credit facilities, strengthening their liquidity. The company ended the first quarter with $574.8 million in cash and cash equivalents. They have sufficient land for future growth, owning or controlling around 77,700 lots, 56% of which are owned.

Toll Brothers will be hosting a conference call to discuss their results and outlook for FY 2025 on February 19, 2025. The company, a Fortune 500 builder of luxury homes, operates in over 60 markets across 24 states. They have been named one of Fortune magazine’s World’s Most Admired Companies™ for over 10 years.



Read more at GlobeNewswire:: Toll Brothers Reports FY 2025 First Quarter Results