Toll Reports Strong 1Q 2015
Toll Brothers handily beat the Street with its fiscal 1Q 2015 earnings. Revenue was $835.5M, which represented a 33% increase over the year ago period, and well above the $773.5M consensus forecast. Earnings of $81.3M, or 44 cents per share, were a 78% increase from the year ago period and nearly 50% over the 30 cents a share analyst consensus. In line with its standing as a luxury builder, Toll benefited significantly from increases in average unit prices with signed contracts averaging $821,500 and units delivered averaging $782,300.
About author
You might also like
Tri Pointe Profit Slips On Geographic Shift
TRI Pointe Group, Inc. (NYSE:TPH), Irvine, Calif., on Wednesday reported net income of $57.9 million, or $0.36 per share, for the fourth quarter ended Dec. 31, compared to net income
Use of Incentives to Move Homes Accelerates
As earnings season progresses, it is becoming apparently clear that there is widespread margin compression, to varying degrees, among the public homebuilders due to decreased pricing power, increases in build
Local Homebuilding Successes Defy Critics
If Orange County is purportedly such a poor place to do business, how did four local master-planned communities end up on a list of the 20 fastest-selling projects in the
