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Toll Brothers Inc (TOL.N)

TOL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Toll Brothers prices $300 million of senior notes
Tuesday, 7 Mar 2017 09:13pm EST 

Toll Brothers Inc : Toll Brothers, Inc. prices $300 million of senior notes . priced an underwritten public offering of $300 million of 4.875% senior notes due march 15, 2027 .notes issued by Toll Brothers Finance Corp will have coupon of 4.875% and will pay interest semi-annually on March 15 and September 15.  Full Article

Toll Brothers reports qtrly earnings per share $0.42
Wednesday, 22 Feb 2017 05:00am EST 

Toll Brothers Inc : Toll Brothers reports FY 2017 1st quarter results . Q1 earnings per share $0.42 . Q1 earnings per share view $0.35 -- Thomson Reuters I/B/E/S . Q1 revenue $920.7 million versus i/b/e/s view $903.8 million . Sees FY 2017 revenue $5.2 billion to $6.2 billion . Expects FY 2017 second-quarter deliveries of between 1,350 and 1,650 units with an average price of between $810,000 and $835,00 . FY 2017 should be another year of substantial growth . Increasing mid-point of delivery guidance for full FY 2017 by 100 units and now expects FY 2017 deliveries of between 6,700 and 7,500 units . Company's second-quarter FY 2017 other income and income from unconsolidated entities is expected to be between $40 million and $60 million .Quarter end backlog of $4.35 billion and 5,145 units rose 19% in dollars and 21% in units, compared to FY 2016's first-quarter-end backlog.  Full Article

Toll Brothers announces initiation of cash dividend
Tuesday, 21 Feb 2017 05:15pm EST 

Toll Brothers Inc - : Toll Brothers announces initiation of cash dividend .Toll Brothers Inc - first dividend of $0.08 per share will be paid on April 28, 2017.  Full Article

Toll Brothers Executive Chairman Robert Toll's FY 2016 total compensation was $8.42 mln
Tuesday, 31 Jan 2017 05:24pm EST 

Toll Brothers Inc : Executive Chairman Robert Toll's FY 2016 total compensation $8.42 million versus $8.02 million - sec filing . CEO Douglas Yearley's FY 2016 total compensation $12.2 million versus $9.81 million in FY 2015 .CFO Martin Connor's FY 2016 total compensation $4.2 million versus $3.46 million in FY 2015.  Full Article

Toll Brothers Q4 earnings per share $0.67
Tuesday, 6 Dec 2016 05:00am EST 

Toll Brothers Inc : Expects FY 2017 Q1 deliveries of between 1,000 and 1,250 units with an average price of between $750,000 and $780,000 . Expect fy 2017 adjusted gross margin to be between 24.8% and 25.3% of revenues . Q4 backlog of $3.98 billion and 4,685 units increased 14% in dollars and 15% in units, compared to fy 2015's q4 end backlog of $3.50 billion and 4,064 units . Expect full FY 2017 deliveries of between 6,500 and 7,500 units with an average price of between $775,000 and $825,000 . Expects FY 2017 q1 deliveries of between 1,000 and 1,250 units with an average price of between $750,000 and $780,000 . Seeing positive demand trends in many regions for 2017 . Expect FY 2017 will be another year of solid growth in revenues and profits . Expect combination of purchase accounting and lower gross margin from coleman homes acquisition to reduce overall adjusted gross margin by 30 to 40 basis points in fy 2017 . Toll brothers reports 4th quarter and fye 2016 results . Q4 earnings per share $0.67 . Q4 earnings per share view $0.99 -- Thomson Reuters I/B/E/S .Q4 revenue $1.86 billion versus i/b/e/s view $1.79 billion.  Full Article

Toll Brothers says not seeing any weakness in luxury new home market
Tuesday, 23 Aug 2016 12:12pm EDT 

Toll Brothers Inc : There has been a lot of discussion about weakness in the luxury new home market, we just aren't seeing it - conf call . Few high margin units in city living projected for delivery in 2016 are now projected to be delivered in 2017 - conf call Further company coverage: [TOL.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Toll Brothers third-quarter earnings per share $0.61
Tuesday, 23 Aug 2016 05:00am EDT 

Toll Brothers Inc : Toll brothers reports FY 2016 3rd quarter and 9 month results . Q3 earnings per share $0.61 . Q3 earnings per share view $0.61 -- Thomson Reuters I/B/E/S . Q3 revenue $1.27 billion versus i/b/e/s view $1.25 billion . Sees FY 2016 revenue up about 19 percent . Sees FY 2016 revenue $4.96 billion to $5.27 billion . In FY 2016's q4, we expect to deliver between 2,025 and 2,325 homes at an average price of between $815,000 and $835,000 . Expects to end FY 2016 with between 305 and 315 selling communities . Q3 end backlog was $4.37 billion .Says previous guidance on deliveries for full FY 2016 narrowed to between 5,900 and 6,200 homes at an average price of between $840,000 and $850,000 per home.  Full Article

Toll Brothers amends credit agreement dated as of Feb 3, 2014
Thursday, 4 Aug 2016 02:43pm EDT 

Toll Brothers Inc : Says entered into amendment to certain credit agreement dated as of February 3, 2014 - SEC Filing .Amendment amends the maturity date of the credit agreement from February 3, 2019 to August 2, 2021.  Full Article

Toll Brothers says there's no demand weakness at "high end" of market
Tuesday, 24 May 2016 12:09pm EDT 

Toll Brothers Inc : Says not seen any significant change in appetite of foreign buyers in california or in new york city high rise projects - conf call . Says volumes in southern california to increase progressing through the balance of the year - conf call . Sees continued small decline in home sales volume in northern california through the rest of 2016 - conf call . Says net result of home sales in california to be up in 2016 - conf call . There's no demand weakness at "high end" of market in most toll regions; one potential exception in high end is new york city - conf call Further company coverage: [TOL.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Toll Brothers Q2 EPS $0.51
Tuesday, 24 May 2016 05:09am EDT 

Toll Brothers Inc : Now believe average price of deliveries for full FY 2016 will be between $820,000 and $850,000 per home . Narrowing previous full fiscal year guidance and now expect to deliver between 5,800 and 6,300 homes in fy 2016 . Qtrly backlog of $4.19 billion and 4,940 units rose 20% in dollars and 13% in units . Now expects to deliver between 5,800 and 6,300 homes in FY 2016 at an average price range of $820,000 to $850,000 . Reiterate expected gross margin (pre-interest and pre-impairment) for full fy 2016 to be approximately 25.8% to 26.2% . Effective may 23, 2016, board of directors authorized repurchase of 20 million shares of toll brothers common stock . Projected revenues of between $4.76 billion and $5.36 billion in fy 2016 . Effective May 23, 2016, board of directors terminated prior share repurchase program . At second-quarter end, average price of homes in backlog was $848,600, compared to $793,800 at FY 2015's second-quarter end . Fy2016 earnings per share view $2.59, revenue view $5.01 billion -- Thomson Reuters I/B/E/S . In q3, company projects delivering about 30% of dollar value of its q2-end backlog at an average price of between $815,000 - $835,000 . Toll brothers reports fy 2016 2nd quarter and six month results . Q2 earnings per share $0.51 . Q2 earnings per share view $0.46 -- Thomson Reuters I/B/E/S . Sees fy 2016 revenue $4.76 billion to $5.36 billion.  Full Article

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BRIEF-Toll Brothers prices $300 million of senior notes

* priced an underwritten public offering of $300 million of 4.875% senior notes due march 15, 2027