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Strong preliminary results from Toll Brothers

Nov. 10, 2014 7:55 AM ETToll Brothers, Inc. (TOL) StockBy: Stephen Alpher, SA News Editor
  • The early results are being released in conjunction with Toll's (NYSE:TOL) presentation at a conference to take place on Thursday. The full report is set for December 10.
  • Fiscal Q4 revenue of $1.35B and 1,087 units up 29% in dollar terms and 22% in unit terms Y/Y. ASP of $747K vs. $703K a year ago.
  • Net signed contracts of $970.2M and 1,282 units up 16% in dollar terms and 10% in units Y/Y. ASP of net contracts of $757K vs. $721K a year ago. On a per-community basis, net signed contracts of 5.01 compares to 5.17 a year ago.
  • Backlog of $2.72B and 3,679 units up 3% in dollars and flat in units Y/Y.
  • Source: Press release
  • Shares +1.5% premarket

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