Toll Reports $70 Million Profit

Builder Online

Toll Brothers, Inc., Horsham, Pa. (NYSE:TOL) on Wednesday reported net income of $70.4 million, or $0.42 per share, for its first fiscal quarter ended Jan. 31, compared to net income of $73.2 million and $0.40 per share diluted in FY 2016’s first quarter. Analysts were anticipating a gain of $0.34 per share. The results included pre-tax inventory write-downs totaling $4.7 million, compared to $1.3 million in FY 2016’s first quarter.

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Michael Anderson
Michael Anderson 244 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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