Toll Reports Strong 1Q 2015

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.

Read more

Previous Easing Mortgage Standards
Next Spring Selling Season Starts Off on Right Foot

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Homebuilders / Land Developers

Homebuilders Surge On Strong Earnings, Low Inventory Levels

In addition to our “REIT Rankings” series which includes all 13 REIT sectors, we also cover the homebuilder sector, which we view as a compliment or hedge to a balanced

Homebuilders / Land Developers 0 Comments

Industry Veteran Tom Grable Promoted to Division President

Long-time homebuilding industry veteran Tom Grable is promoted to Southern California Division President of TRI Pointe Homes. With TRI Pointe’s merger with Weyerhauser’s homebuilding operations earlier this year, Tom takes