February 9, 2007 |
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.
August 23, 2007 |
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.
February 23, 2007 |
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.
December 7, 2007 |
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.
November 9, 2007 |
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.
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.