Profile: Toll Brothers, Inc. (TOL)

Toll Brothers, Inc. designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities. The Company is also involved, directly and through joint ventures, in projects where it is building, or converting rental apartment buildings into, high-, mid- and low-rise luxury homes. The Company caters to move-up, empty-nester, active-adult, age-qualified and second-home buyers in 21 states of the United States. As of October 31, 2009, the Company delivered 32,189 homes from 604 communities, including 2,965 homes from 318 communities. The Company operates its own land development, architectural, engineering, mortgage, title, landscaping, lumber distribution, house component assembly, and manufacturing operations. It also develops, owns and operates golf courses and country clubs.

As of October 31, 2009, the Company had 251 communities containing approximately 17,831 home sites that it owned or controlled through options. Of its 251 communities, 200 were offering homes for sale, 32 had been offering homes for sale but were temporarily closed due to business conditions, and 19 were sold out but not all homes had been completed and delivered. Of the 17,831 home sites, 16,300 were available for sale and 1,531 were under agreement of sale but not yet delivered (backlog). As of October 31, 2009, the Company also owned or controlled through options approximately 14,086 home sites in 119 proposed communities. As of October 31, 2009, the Company was offering single-family detached homes in 138 communities at prices, excluding customized options.