Toll Brothers: Q4 EPS up nearly 13%
(CercleFinance.com) - Toll Brothers on Monday evening reported EPS of $4.
63 for Q4 (ended October), compared with $4.11 a year earlier, with adjusted gross margin on home sales down 1.2 point to 27.9%.
Revenues from residential sales rose by 10% to $3.26bn, on a 25% increase in the number of homes delivered to 3,431, while the net value of contracts signed over the period climbed by 32% to $2.66bn.
As a result, the luxury homebuilder posted full-year EPS of $15.01, exceeding its target range of $14.50-14.75 posted last August, on record residential sales revenue of $10.6bn.
We have seen strong demand since the start of our FY 2024-25 six weeks ago, which is encouraging as we approach the start of the spring sales season in mid-January, management adds.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
63 for Q4 (ended October), compared with $4.11 a year earlier, with adjusted gross margin on home sales down 1.2 point to 27.9%.
Revenues from residential sales rose by 10% to $3.26bn, on a 25% increase in the number of homes delivered to 3,431, while the net value of contracts signed over the period climbed by 32% to $2.66bn.
As a result, the luxury homebuilder posted full-year EPS of $15.01, exceeding its target range of $14.50-14.75 posted last August, on record residential sales revenue of $10.6bn.
We have seen strong demand since the start of our FY 2024-25 six weeks ago, which is encouraging as we approach the start of the spring sales season in mid-January, management adds.
Copyright (c) 2024 CercleFinance.com. All rights reserved.