Toll Brothers Inc.

NYSE:TOL   3:59:56 PM EDT
43.04
+2.21 (+5.41%)
Other Pre-Announcement

Toll Brothers Reports Qtrly EPS Of $2.35

Published: 08/23/2022 20:41 GMT
Toll Brothers Inc. (TOL) - Toll Brothers Reports FY 2022 3rd Quarter Results.
Says Backlog Value Was $11.2 Billion at Q3 End, Up 19% Compared to FY 2021's Q3.
Qtrly Earnings per Share $2.35.
Lowered Our Full Year Deliveries Guidance.
Qtrly Home Sales Revenues $2.3 Billion, Up 1%.
Now Expect to Deliver Between 10,000 and 10,300 Homes in FY 2022 at an Average Price of Approximately $920,000.
As Our Q3 Progressed, We Saw a Significant Decline in Demand.
Says Reaffirm Full Year Adjusted Gross Margin Guidance of 27.5% for FY 2022.
In More Recent Weeks, We Have Seen Signs of Increased Demand As Sentiment is Improving and Buyers Are Returning to Market.
Expect Continued Gross Margin Expansion in Our Q4 to 29.2%.
Reaffirm Our Full Year Adjusted Gross Margin Guidance of 27.5% for FY 2022.
Q3 Earnings per Share View $2.30 -- Refinitiv Ibes Data (analyst estimates).
Qtrly Total Revenue $2,494.8 Million Versus $2,255.5 Million.
Q3 Revenue View $2.50 Billion -- Refinitiv Ibes Data (analyst estimates).