(Disclosure: Rose Law Group represents Toll Brothers.)
By Vincent Salandro | Builder
Strong fourth quarter results, including 32% year-over-year growth in contracts, helped cap “the strongest fiscal year ever” for Toll Brothers, according to chairman and CEO Douglas Yearley.
The home builder generated record home sales revenue of $10.6 billion in the full fiscal year, earned $15.01 profit per share and grew contracts 27% year over year in both units and dollars.
In the fiscal fourth quarter, Toll Brothers generated profit of $475.4 million, or $4.63 per share, and delivered home sales revenue of $3.26 billion, a 10% year-over-year increase. The builder delivered 3,431 homes in the fourth quarter, a 25% increase compared to the fiscal fourth quarter of 2023.