CALIFORNIA | LOCAL
May 9, 2000 |
City officials say they may have to shut down construction of golf course homes at the foot of Chino Hills if the developer fails to be a "good neighbor." Toll Brothers, the contractor building about 1,200 homes as part of the Vista del Verde development, has not delivered what it has promised, said Roy Stephenson, the city's public works director.
August 24, 2001 |
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.
February 24, 2005
Toll Bros. Inc. said its profit more than doubled in its latest quarter on continued strong demand and backlog for the company's luxury homes. The Horsham, Pa.-based company said net income rose to $110.2 million, or $1.33 a share, for the fiscal first quarter ended Jan. 31. That's up from the previous year's $50.1 million, or 62 cents a share. Revenue rose 67% to $999.1 million. Analysts were looking for earnings of about $1.15 a share, according to a Thomson First Call survey.
December 9, 2005 |
Toll Bros. Inc., the largest U.S. builder of luxury homes, said 2006 earnings might increase at the slowest pace in four years after fiscal fourth-quarter profit gained 72% on demand from affluent buyers. The Horsham, Pa.-based company said Thursday that earnings next year would grow 0.2% to 10%, the slowest pace since 5% in 2002. In August, Toll had said profit would grow about 20% in 2006. "We're seeing a moderation" in demand, Chief Financial Officer Joel Rassman said.
November 9, 2005 |
Luxury home builder Toll Bros. Inc. cut its sales forecast for fiscal 2006 on Tuesday, triggering a sell-off in housing stocks amid fears that the nation's real estate boom has peaked. Some analysts, however, said Toll's problems were company-specific. Some other builders, including Los Angeles-based KB Home and Irvine-based Standard Pacific Corp., recently raised profit estimates. Horsham, Pa.-based Toll Bros. cited delayed openings for new developments and weakened demand in several markets.
September 9, 2005 |
The Saturday radio broadcasts of New York's Metropolitan Opera, which have introduced generations to the art form, have been saved from extinction, at least temporarily. The suburban Philadelphia-based home-building firm Toll Brothers, which operates in 20 states, has agreed to sponsor the broadcasts for the next four seasons. The broadcasts cost $6 million a year. Toll Brothers will pay a major portion of that cost, according to the Met.