Toll Brothers Inc. ( (TOL) ) has released its Q4 earnings. Here is a breakdown of the information Toll Brothers Inc. presented to its investors.
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Toll Brothers, Inc. is a leading builder of luxury homes in the U.S., catering to a diverse range of buyers including first-time, move-up, empty-nester, and second-home buyers, with operations in over 60 markets across 24 states.
In its latest earnings report for the fiscal year 2024, Toll Brothers announced record results, driven by strong demand for its luxury homes. The company reported a notable increase in net income, home sales revenues, and contracted homes compared to the previous year, demonstrating significant growth and resilience in the luxury home sector.
Key financial highlights include a net income of $1.57 billion, up from $1.37 billion in fiscal 2023, and earnings per share of $15.01 diluted. Home sales revenues increased by 7% to $10.56 billion, with delivered homes rising by 13%. Despite a slight decrease in home sales gross margin, Toll Brothers saw a 27% increase in net signed contract value, reflecting sustained demand for its offerings. The company also repurchased approximately 4.9 million shares, returning significant value to shareholders.
Looking ahead, Toll Brothers is well-positioned for continued growth in fiscal 2025, with plans to expand its community count and maintain a strong presence across its markets. The company’s strategic initiatives and healthy balance sheet are expected to support further investments and shareholder returns, capitalizing on its robust brand and market position.
