Toll Brothers: record Q2 earnings
(CercleFinance.com) - On Tuesday evening Toll Brothers reported record Q2 earnings of $320.
2m (period ended April), or $2.85 per share, up 54% y-o-y.
The luxury homebuilder reported a 14% increase in revenue from home sales to $2.49bn, despite just a 4% increase in sales volumes to 2,492 homes delivered.
Based on these results, and highlighting a stronger environment for demand, Toll Brothers has raised its annual targets pretty much across the board, for example expecting to deliver betwen 8,900 and 9,500 homes.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
2m (period ended April), or $2.85 per share, up 54% y-o-y.
The luxury homebuilder reported a 14% increase in revenue from home sales to $2.49bn, despite just a 4% increase in sales volumes to 2,492 homes delivered.
Based on these results, and highlighting a stronger environment for demand, Toll Brothers has raised its annual targets pretty much across the board, for example expecting to deliver betwen 8,900 and 9,500 homes.
Copyright (c) 2023 CercleFinance.com. All rights reserved.