Toll Brothers studies sturdy This fall outcomes, however inventory dips barely

NEW YORK – Luxurious homebuilder Toll Brothers Inc. (NYSE:TOL) reported better-than-expected fourth quarter outcomes, however its inventory edged decrease, by 2%, in after-hours buying and selling on Monday.

Toll Brothers posted earnings per share of $4.63 for the quarter ended October 31, beating analyst estimates of $4.34. Income got here in at $3.33 billion, surpassing the consensus forecast of $3.17 billion.

The corporate delivered 3,431 properties in This fall, up 25% in comparison with the identical interval final 12 months. Residence gross sales revenues rose 10% YoY to $3.26 billion.

“I’m more than happy with our fourth quarter outcomes, which cap the strongest 12 months ever for Toll Brothers,” mentioned Douglas C. Yearley, Jr., chairman and CEO.

Nevertheless, Toll Brothers’ backlog declined in comparison with final 12 months. Backlog worth was $6.47 billion at quarter-end, down 7% YoY, whereas properties in backlog fell 9% to five,996 models.

For fiscal 2025, Toll Brothers expects to ship between 11,200 and 11,600 properties at a mean worth of $945,000 to $965,000.

The corporate repurchased roughly 1.3 million shares throughout This fall at a mean worth of $150.19 per share, totaling $200.9 million.

Toll Brothers ended the quarter with $1.30 billion in money and money equivalents. Its web debt-to-capital ratio improved to fifteen.2% from 17.7% a 12 months in the past.

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