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Toll Brothers Reports Lower Earnings; Expects Better Results Later This Year

Other positive metrics for the firm were net signed contract units were 1,806, up 31%; the contract value was $1.49 billion, up 28% and backlog units at the end of the first-quarter 2020 were 6,461, up 9%.

Toll Brothers’ home-sales revenues in the first quarter of Fiscal Year 2020 were down 2% at $65.9 million. Toll Brothers’ home-sales revenues in the first quarter of Fiscal Year 2020 were down 2% at $65.9 million.

HORSHAM, PA—National luxury homebuilder Toll Brothers, Inc. has reported lower first quarter earnings, but believes strong home purchase contract volume will improve the company’s balance sheet going forward.

Some of the key financial data released by Toll Brothers included net income and earnings per share in its first quarter FY 2020 at $56.9 million and $0.41 per share diluted, compared to net income of $112.1 million and $0.76 per share diluted in FY 2019’s first quarter. Pre-tax income in the first quarter FY 2020 was $65.9 million, compared to $151.4 million in FY 2019’s first quarter.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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