FRANKLIN, Tenn., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced Franklin Ridge, a highly anticipated new Nashville-area community, is coming soon to Franklin, Tennessee. Construction of the model home and Sales Center will begin in summer 2025, with sales expected to commence later in the year. Conveniently located near the McEwen Interstate 65 interchange, Franklin Ridge will feature 34 spacious single-family home sites with b ...

LYNNFIELD, Mass., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the highly anticipated groundbreaking at its newest luxury home community, Willis Brook at Lynnfield, located in Lynnfield, Massachusetts. The groundbreaking ceremony was held on Thursday, January 2 together with officials and residents of the town of Lynnfield. The community, located at 1301 Main Street, is expected to open for sales in summer 2025. Known for its ...

In the latest market close, Toll Brothers (TOL) reached $126.45, with a -1.39% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 1.11%. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq depreciated by 1.49%.Prior to today's trading, shares of the home builder had lost 22.17% over the past month. This has lagged the Construction sector's loss of 10.86% and the S&P 500's gain of 0.4% in that time.The upcoming earnings release of Toll B ...

CANTON, Ga., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced the highly anticipated release of new home sites at Aurora Ridge at Great Sky, a new community of luxury homes and future onsite amenities in Cherokee County, Georgia. Home buyers are invited to visit the Toll Brothers Sales Center, located at 1001 Winding Branch Drive in Canton, to tour the professionally decorated model home and learn more about the available home si ...

Financial Performance - In fiscal year 2024, the company signed net contracts worth $10.07 billion for 10,231 homes, compared to $7.91 billion for 8,077 homes in fiscal year 2023, and $9.07 billion for 8,255 homes in fiscal year 2022[50]. - The backlog at October 31, 2024, was $6.47 billion, representing 5,996 homes, with approximately 97% expected to be delivered by October 31, 2025[81]. - The company experienced a loss before income taxes of $204.6 million in fiscal 2024, compared to a loss of $142.4 million in fiscal 2023[101]. Land and Home Sites - As of October 31, 2024, the company owned 11,268 home sites and controlled an additional 31,863 through options and purchase agreements, totaling 43,131 planned home sites[42]. - The company acquired control of approximately 14,900 home sites in fiscal 2024, compared to 4,200 in fiscal 2023, with a total of approximately 74,700 home sites controlled as of October 31, 2024[68]. - The aggregate purchase price of land parcels under option and purchase agreements was approximately $6.10 billion as of October 31, 2024, with $549.2 million paid or deposited[70]. Construction and Development - The company has 3,526 spec homes in its communities, with 2,664 under construction and 862 completed as of October 31, 2024[62]. - The company expects to pay an additional $5.55 billion for land parcels over the next several years, with some option contracts written off or written down[44]. - The company controlled 67 land parcels for rental projects, containing approximately 21,300 units, with investments totaling $549.2 million in 40 Rental Property Joint Ventures[99]. Financing and Mortgage - The average cash down payment from home buyers in fiscal year 2024 was approximately 8% of the total purchase price of a home[50]. - The company had commitments to fund $1.84 billion of mortgage loans as of October 31, 2024, with $168.8 million of these loans having locked-in interest rates[53]. - The gross capture rate for mortgage financing increased to 38.0% in fiscal 2024 from 32.5% in fiscal 2023[90]. - A 1% increase in interest rates would increase the interest incurred by approximately $9.1 million per year based on the variable-rate debt outstanding as of October 31, 2024[695]. Market Position and Strategy - The company believes that the demographics supporting the luxury and affordable luxury markets will provide growth opportunities in the future[59]. - The company competes primarily on price, location, design, quality, service, and reputation in a highly competitive home building market[54]. - The company has not made any acquisitions in fiscal years 2024 and 2023, focusing instead on expanding its footprint through existing operations[37]. Investments and Commitments - The company had investments of $1.01 billion in unconsolidated entities as of October 31, 2024, with additional funding commitments of up to $312.8 million[94]. - The company had $388.6 million invested in Land Development Joint Ventures, with funding commitments of $243.0 million to six of these ventures[83]. Leadership and Governance - Douglas C. Yearley, Jr. has been with the company since 1990 and became CEO in June 2010, later appointed Chairman of the Board in November 2018[700]. - The company has an insider trading policy that applies to all personnel and is designed to comply with applicable laws and regulations[702]. - The information regarding executive compensation will be included in the 2025 Proxy Statement[704].

CAMAS, Wash., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Camas Meadows Crossing, is coming soon to the intersection of Northwest Payne Street and Northwest Camas Meadows Drive in Camas, Washington. Site work and construction of the first homes is underway, and the community is anticipated to open for sale in spring 2025. Located in the esteemed Camas School District, Camas Meadows Crossing offers home ...

BOERNE, Texas, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced its newest San Antonio-area community, Toll Brothers at George's Ranch, is coming soon to Boerne, Texas. This Toll Brothers neighborhood will include one-acre home sites with single- and two-story homes in the highly regarded Boerne Independent School District. Site work is underway, and the community is anticipated to open for sale in early 2025. Toll Brothers at Ge ...

ST. AUGUSTINE, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced its newest community, Estuary at Madeira, is coming soon to St. Augustine, Florida. Construction is underway at 620 Pantano Drive in St. Augustine, and the community will open for sales in spring 2025. Estuary at Madeira is an exclusive, gated community that will feature five one- and two-story home designs ranging from 2,905 to 4,144+ square feet. Toll Brother ...

MAGNOLIA, Texas, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the upcoming opening of Toll Brothers at Woodhavyn, a new luxury home community in Magnolia, Texas. Nestled into wooded surroundings and within walking distance of future community amenities in the Woodhavyn master plan, Toll Brothers will offer new luxury homes on 60-foot home sites with one- and two-story home designs and incredible personalization options. The c ...

HURST, Texas, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Toll Brothers at Adkins Park, is coming soon to Hurst, Texas. This new community will include a refined collection of single-family homes located at Precinct Line Road and Doppler Court in Hurst. Site work is underway, and the community is anticipated to open for sale in early 2025. Showcasing one- and two-story single-family homes on expansive 7 ...