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Toll Bros Inc

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BUSINESS
May 10, 2007 | From Times Wire Services
Toll Bros. Inc., the nation's largest builder of luxury homes, warned Wednesday that it wouldn't meet earnings projections, and it placed part of the blame on stricter lending requirements that are tough on buyers who want to upgrade to high-end homes. In February, the Horsham, Pa.-based builder had projected 2007 home-building revenue of $4.2 billion to $4.96 billion and net income of $240 million to $305 million, or $1.46 to $1.85 a share.
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BUSINESS
December 7, 2007 | From Times Wire Reports
Toll Bros. Inc., the nation's largest builder of luxury homes, reported its first quarterly loss in 21 years Thursday as the housing downturn that the company called the worst in four decades deepened. "By many measures, fiscal 2007 was the most challenging of the 40 years that Toll Bros. has been in business," Chief Executive Robert Toll said. He added that 1974 "was perhaps rougher, but the difficult times only lasted one year." Toll, based in Horsham, Pa., reported a loss of $81.
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BUSINESS
February 9, 2007 | From the Associated Press
Toll Bros. Inc., the nation's largest builder of luxury homes, said Thursday that it expected its first-quarter home-building revenue to fall 19%, signaling that the housing market would probably remain feeble in early 2007. The Horsham, Pa.-based builder also warned that write-downs are expected to balloon to between $60 million and $160 million or more for the quarter. In December, Toll Bros. projected a $60-million, land-related write-down for the whole 2007 fiscal year.
BUSINESS
November 9, 2007 | From Times Wire Services
Toll Bros. expects a 36% drop in quarterly home-building revenue and said net home orders fell more steeply than in prior quarters. Toll Bros., the largest U.S. luxury home builder, signed 1,073 contracts in the fourth quarter, down 33% from a year earlier. The value of the contracts fell 38% to $693.7 million. Home-building revenue for the fourth quarter ended Oct. 31 was $1.17 billion, based on preliminary results.
BUSINESS
August 23, 2007 | From the Associated Press
Toll Bros. Inc., the nation's largest builder of luxury homes, said Wednesday that its fiscal third-quarter profit plunged nearly 85% as the housing downturn and credit worries triggered cancellations and hefty write-downs. The company's chief executive said the quarterly cancellation rate, which rose to nearly 24%, was greater than at any point in the 21 years the company has been traded publicly. Toll Bros. said earnings for the three months that ended in July sank to $26.
BUSINESS
February 23, 2007 | From Bloomberg News
Toll Bros. Inc., the largest U.S. luxury home builder, said Thursday that its fiscal first-quarter profit fell 67% on expenses to write down the value of land after a year of plummeting home sales. Net income for the three months that ended Jan. 31 declined to $54.3 million, or 33 cents a share, from $163.9 million, or 98 cents, a year earlier, Horsham, Pa.-based Toll said. The company had a $96.9-million land write-down in the period, less than earlier forecast.
BUSINESS
December 7, 2007 | From Times Wire Reports
Toll Bros. Inc., the nation's largest builder of luxury homes, reported its first quarterly loss in 21 years Thursday as the housing downturn that the company called the worst in four decades deepened. "By many measures, fiscal 2007 was the most challenging of the 40 years that Toll Bros. has been in business," Chief Executive Robert Toll said. He added that 1974 "was perhaps rougher, but the difficult times only lasted one year." Toll, based in Horsham, Pa., reported a loss of $81.
BUSINESS
November 9, 2007 | From Times Wire Services
Toll Bros. expects a 36% drop in quarterly home-building revenue and said net home orders fell more steeply than in prior quarters. Toll Bros., the largest U.S. luxury home builder, signed 1,073 contracts in the fourth quarter, down 33% from a year earlier. The value of the contracts fell 38% to $693.7 million. Home-building revenue for the fourth quarter ended Oct. 31 was $1.17 billion, based on preliminary results.
BUSINESS
May 6, 2006
* Luxury home builder Toll Bros. Inc. said that signed contracts for its homes fell 29% in its fiscal second quarter and that deliveries for the year would be 200 fewer than expected.
BUSINESS
August 24, 2001 | Bloomberg News
Toll Bros. Inc., the largest U.S. builder of luxury homes, said fiscal third-quarter profit rose 60% to $59.4 million, or $1.54 a share, more than analysts expected, as lower borrowing costs boosted demand for its houses. Revenue rose 26% to $584.1 million. Analysts surveyed by Thomson Financial/First Call expected the company to earn $1.22 a share. Shares of Huntingdon Valley, Pa.-based Toll, which is the eighth-largest builder by revenue, rose 89 cents to $35.19 on the NYSE.
BUSINESS
August 23, 2007 | From the Associated Press
Toll Bros. Inc., the nation's largest builder of luxury homes, said Wednesday that its fiscal third-quarter profit plunged nearly 85% as the housing downturn and credit worries triggered cancellations and hefty write-downs. The company's chief executive said the quarterly cancellation rate, which rose to nearly 24%, was greater than at any point in the 21 years the company has been traded publicly. Toll Bros. said earnings for the three months that ended in July sank to $26.
BUSINESS
May 10, 2007 | From Times Wire Services
Toll Bros. Inc., the nation's largest builder of luxury homes, warned Wednesday that it wouldn't meet earnings projections, and it placed part of the blame on stricter lending requirements that are tough on buyers who want to upgrade to high-end homes. In February, the Horsham, Pa.-based builder had projected 2007 home-building revenue of $4.2 billion to $4.96 billion and net income of $240 million to $305 million, or $1.46 to $1.85 a share.
BUSINESS
February 23, 2007 | From Bloomberg News
Toll Bros. Inc., the largest U.S. luxury home builder, said Thursday that its fiscal first-quarter profit fell 67% on expenses to write down the value of land after a year of plummeting home sales. Net income for the three months that ended Jan. 31 declined to $54.3 million, or 33 cents a share, from $163.9 million, or 98 cents, a year earlier, Horsham, Pa.-based Toll said. The company had a $96.9-million land write-down in the period, less than earlier forecast.
BUSINESS
February 9, 2007 | From the Associated Press
Toll Bros. Inc., the nation's largest builder of luxury homes, said Thursday that it expected its first-quarter home-building revenue to fall 19%, signaling that the housing market would probably remain feeble in early 2007. The Horsham, Pa.-based builder also warned that write-downs are expected to balloon to between $60 million and $160 million or more for the quarter. In December, Toll Bros. projected a $60-million, land-related write-down for the whole 2007 fiscal year.
BUSINESS
August 26, 2004
* Toll Bros. Inc. said profit for its latest quarter surged 56% as demand for new luxury homes remained strong. Net income totaled $106 million, or $1.31 a share, compared with $68.2 million, or 90 cents, a year earlier. Revenue rose 46% to $1.01 billion. * Home Depot Inc. has agreed to pay $5.5 million to settle discrimination claims brought by workers in Colorado.
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