$TOL (Toll Brothers Inc.)

$TOL {{ '2016-08-23T15:45:49+0000' | timeago}} • Webcast

$TOL said that 3Q16 SG&A dropped to 10.6% of revenues from 11.3% in 3Q15. The company continues to execute its strategy to generate meaningful recurring income outside of its core homebuilding operations. $TOL's joint venture income was $5MM and other income was $15.1MM. This, when combined, resulted in $20.1MM vs. $20MM from 3Q15.

$TOL {{ '2017-05-23T17:02:36+0000' | timeago}} • Webcast

$TOL said the company's cost was up about $2,500 in 2Q17, driven by lumber, labor and some other material. However, the company added that it is generally successful in locking in cost at the time of a house sale.

$TOL {{ '2017-05-23T16:43:03+0000' | timeago}} • Webcast

$TOL said that regarding community openings, the company expects seven community openings in Norther California in late 2017. In Southern California, the company expects to have five community openings in the same period.

$TOL {{ '2017-05-23T12:34:18+0000' | timeago}} • Infographic

$TOL Toll Brothers, Inc. Earnings AlphaGraphics: Q2 2017 highlights

$TOL {{ '2017-05-23T11:05:55+0000' | timeago}} • Announcement

For 3Q17, $TOL expects deliveries of 1,675-1,975 units and average price of $790,000-815,000. The company predicts 3Q17 adjusted gross margin growth of 10 basis points from 2Q17. $TOL sees SG&A to be about 10.4% of 3Q17 revenue, other income and income from unconsolidated entities of $15-30MM and effective tax rate of about 39%.

$TOL {{ '2017-05-23T11:01:58+0000' | timeago}} • Announcement

For FY17, $TOL lifted its home building deliveries outlook to 6,950-7,450 units from 6,700-7,500 units. The company now expects FY17 revenue of $5.4-6.1Bil. $TOL reaffirmed its adjusted gross margin estimate of 24.8-25.3%, and other income and income from unconsolidated entities forecast of $160-200MM. $TOL sees effective tax rate of 37.5%.

$TOL {{ '2017-05-23T11:01:17+0000' | timeago}} • Announcement

$TOL reported a jump in 2Q17 earnings as solid and improving demand and financial strength of affluent buyer base are driving growth. Net income rose to $124.64MM or $0.73 per share from $89.05MM or $0.51 per share last year. Revenue grew to $1.36Bil from $1.12Bil. Home building deliveries jumped 26% to 1,638 units.

$TOL {{ '2016-12-06T17:04:36+0000' | timeago}} • Webcast

$TOL commented that for FY16, interest amortization was about 3.1% of revenue. Going into FY17, the company added that it expects it to go down 10 BP.

$TOL {{ '2016-12-06T16:46:42+0000' | timeago}} • Webcast

$TOL said the company delivered 41% GM on $240MM of revenues from wholly owned City Living projects in FY16. The company added that it is expecting revenue growth of about 70% from wholly owned City Living projects in FY17 at 37% GM.

$TOL {{ '2016-12-06T16:31:25+0000' | timeago}} • Webcast

$TOL stated the company achieved double digit growth in EPS, revenue, contracts and backlog in FY16. In FY17, the company expects it EPS to grow significantly. The company added that currently, $TOL expects purchase accounting and lower GM from the Coleman Homes acquisition to reduce overall adjusted GM by 30-40 BP in FY17.

$TOL {{ '2016-12-06T13:55:23+0000' | timeago}} • Infographic

$TOL Toll Brothers Earnings AlphaGraph: Q4 2016 Highlights

$TOL {{ '2016-12-06T12:16:56+0000' | timeago}} • Announcement

$TOL expects 1Q17 deliveries of 1,000-1,250 units with average price of $750,000-780,000. For 2017, deliveries are expected to be 6,500-7,500 units with average price of $775,000-825,000. $TOL expects FY17 adjusted gross margin of 24.8-25.3% of revenues, on impact from Coleman Homes purchase and other changes in product deliveries mix.

$TOL {{ '2016-12-06T12:14:08+0000' | timeago}} • Announcement

Home builder $TOL reported a drop in 4Q16 earnings due to higher costs and expenses as well as a rise in warranty charge primarily related to old stucco homes. Net income fell to $114.38MM or $0.67 per share from $147.16MM or $0.80 per share last year. Revenue grew to $1.86Bil from $1.44Bil.

$TOL {{ '2016-08-23T16:38:45+0000' | timeago}} • Webcast

JP Morgan analyst Mike Rehaut questions about any changes made on pricing & incentive metrics to get better results on order trends. $TOL says that it is sticking to its business model to drive price & margin. The 18% order growth and 23% deposit growth for the last 3 weeks is not due to $TOL increasing incentives and focusing on top line.

$TOL {{ '2016-08-23T16:32:07+0000' | timeago}} • Webcast

Credit Suisse analyst Michael Dahl questions about contract activity for the first few weeks of Aug. $TOL says that deposits are the most relevant information about concurrent activity. Since Aug. 1, new potential buyers walked through the door & decided to give a deposit & reserve a lot. So, $TOL says it's appropriate to just give deposit info.

$TOL {{ '2016-08-23T16:17:11+0000' | timeago}} • Webcast

MKM Partners analyst Megan McGrath questions on the GM guide in New York and whether the delays in wholly-owned properties and Brooklyn are a coincidence. $TOL says that the delays are a coincidence. On the GM side, though $TOL had projected two sales in Manhattan at its high-end 1110 Park Avenue property, it won't be closing them this quarter.

$TOL {{ '2016-08-23T15:52:37+0000' | timeago}} • Webcast

During 3Q16, $TOL deployed $97.3MM in cash to buy back 3.7MM shares at an average price of $20.33 per share, thereby effectively lowering share count by slightly more than 2%. This brings $TOL's spending on share buybacks in the first nine months of FY16 to $327.6MM for 11.4MM shares, approx. 7% of shares outstanding, at an average price of $28.72.

$TOL {{ '2016-08-23T15:45:49+0000' | timeago}} • Webcast

$TOL said that 3Q16 SG&A dropped to 10.6% of revenues from 11.3% in 3Q15. The company continues to execute its strategy to generate meaningful recurring income outside of its core homebuilding operations. $TOL's joint venture income was $5MM and other income was $15.1MM. This, when combined, resulted in $20.1MM vs. $20MM from 3Q15.

$TOL {{ '2016-08-23T15:33:44+0000' | timeago}} • Webcast

$TOL said that of the $1.5Bil contracts signed in 3Q16, the North contributed 17%, the Mid-Atlantic 17%, the South 17%, the West 19%, California 25% and City Living 5%. The company said that its quarter-end backlog of $4.37Bil and 5,181 units rose 19% in dollars and 17% in units vs. 3Q15-end. The average price of homes in backlog was $844,000.

$TOL {{ '2016-08-23T15:22:34+0000' | timeago}} • Webcast

Horsham, Pennsylvania-based real estate company $TOL said that 3Q16 pretax income was $163.7MM, up 52% from 3Q15. Revenues of $1.27Bil and homebuilding deliveries of 1,507 units rose 24% in dollars and 6% in units respectively vs. 3Q15. The average price of homes delivered was $843,000 and average price of net signed contracts was $831,000 in 3Q16.

$TOL {{ '2016-08-23T13:29:19+0000' | timeago}} • Announcement

$TOL expects FY16 revenues of $4.96-5.27Bil, up about 19-26% over FY15. The company lowered FY16 adjusted gross margin outlook to 25.6-25.8% from prior forecast of 25.8-26.2%, and its FY16 other income and income from unconsolidated entities guidance to $88.5-93.5MM from prior estimate of $105-130MM.

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