Categories AlphaGraphs, Earnings, Retail

Toll Brothers’ stock gains on Q1 results beat

Toll Brothers Inc. (TOL) reported better-than-expected revenue and earnings for the first quarter of 2019, sending the stock climbing 3.8% in aftermarket hours on Tuesday.

Total revenues of $1.36 billion were up 16% from the same period last year. Home sales revenues rose 12% to $1.32 billion.

Toll Brothers first quarter 2019 earnings infographic
Toll Brothers Q1 2019 Earnings Infographic

Net income dropped to $112.1 million, or $0.76 per share, from $132.1 million, or $0.83 per share, in the prior-year quarter, as last year’s results included a net tax benefit.

During the quarter, home building deliveries increased 8% to 1,530. Net signed contracts dropped by 24% to 1,379 units and by 31% to $1.16 billion.

At the end of the first quarter, backlog totaled $5.37 billion, down 4% year-over-year. In units, backlog dropped 5% to 5,954. The average price of homes in backlog was $901,000 compared to $892,000 last year.

Toll Brothers spent around $262.3 million on land to purchase approx. 2,686 lots during the quarter. The company ended the quarter with 317 selling communities, compared to 295 last year.

For the second quarter of 2019, the company expects deliveries of between 1,650 and 1,850 units with an average price of between $860,000 and $890,000.


Get access to timely and accurate verbatim transcripts that are published within hours of the event.


Most Popular

JetBlue Airways (JBLU) Q4 2022 Earnings: Key financials and quarterly highlights

JetBlue Airways Corporation (NASDAQ: JBLU) reported fourth quarter 2022 earnings results today. Total operating revenues increased 32% year-over-year to $2.4 billion.   Net income amounted to $24 million, or $0.07

AAL Q4 2022 Report: Highlights American Airlines earnings

American Airlines Group (NASDAQ: AAL) announced fourth-quarter 2022 financial results on Thursday, reporting a sharp increase in revenues. The company turned profit from a loss last year. Total operating revenues

LUV Earnings: A snapshot of Southwest Airlines’ Q4 2022 report

Southwest Airlines Co. (NYSE: LUV) on Thursday announced financial results for the fourth quarter of 2022, reporting a net loss and a double-digit increase in revenues. Total operating revenue was

Add Comment
Viewing Highlight