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Toll Brothers Reports Preliminary 4th Qtr And FYE 2013 Results For Revenues, Contracts And Backlog

Any or all of the forward-looking statements included in this release are not guarantees of future performance and may turn out to be inaccurate. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

Toll Brothers operates in two segments: Traditional Home Building and Urban Infill ("City Living"). Within Traditional Home Building, Toll operates in four geographic segments:

North:   Connecticut, Illinois, Massachusetts, Michigan, Minnesota, 
    New Jersey and New York
Mid-Atlantic: Delaware, Maryland, Pennsylvania and Virginia 
South:   Florida, North Carolina, South Carolina and Texas
West:   Arizona, California, Colorado, Nevada, and Washington
  Three Months Ended October 31, Three Months Ended October 31,
  Units $ (Millions)
HOME BUILDING REVENUES 2013 2012 2013 2012
         
North 345 239  $ 196.9  $ 119.3
Mid-Atlantic 372 319 226.8 186.0
South 358 181 229.0 108.0
West 385 266 339.4 167.7
Traditional Home Building 1,460 1,005 992.1 581.0
City Living 25 83 52.4 51.8
Total consolidated 1,485 1,088  $ 1,044.5  $ 632.8
         
CONTRACTS        
         
North 341 223  $ 213.5  $ 121.2
Mid-Atlantic 278 286 175.8 163.2
South 281 258 191.9 166.3
West 226 297 205 204.7
Traditional Home Building 1,126 1,064 786.2 655.4
City Living 37 34 52.8 28.7
Total consolidated 1,163 1,098  $ 839.0  $ 684.1
         
BACKLOG        
         
North  948 625  $ 562.5  $ 350.0
Mid-Atlantic 902 634 573 374.5
South 956 749 673.5 483.5
West 675 507 593.2 351.0
Traditional Home Building 3,481 2,515 2,402.2 1,559.0
City Living 198 54 227.3 110.9
Total consolidated 3,679 2,569  $ 2,629.5  $ 1,669.9
     
  Twelve Months Ended October 31, Twelve Months Ended  October 31,
  Units $ (Millions)
HOME BUILDING REVENUES 2013 2012 2013 2012
         
North 874 687 $ 484.9 $ 350.7
Mid-Atlantic 1,146 958 652.8 535.7
South 1,018 624 640.9 361.8
West 1,009 744 725.1 437.9
Traditional Home Building 4,047 3,013 2,503.7 1,686.1
City Living 137 273 170.6 196.7
Total consolidated 4,184 3,286 $ 2,674.3 $ 1,882.8
         
CONTRACTS        
         
North 1,197 821 $ 697.4 $ 445.2
Mid-Atlantic 1,414 1,115 851.3 625.5
South 1,225 931 830.9 582.1
West 1,177 1,037 967.3 653.7
Traditional Home Building 5,013 3,904 3,346.9 2,306.5
City Living 281 255 287.0 251.4
Total consolidated 5,294 4,159 $ 3,633.9 $ 2,557.9

Unconsolidated entities:

Information related to revenues and contracts of entities in which we have an interest for the three-month and twelve-month periods ended October 31, 2013 and 2012, and for backlog at October 31, 2013 and 2012 is as follows:

  2013 Units 2012 Units 2013 $ (Mill) 2012 $ (Mill)
Three months ended October 31,        
Revenues 15 14 $ 8.8 $ 13.6
Contracts 23 17 $ 16.7 $ 16.4
         
Twelve months ended October 31,        
Revenues 51 96 $ 37.5 $ 89.9
Contracts 77 106 $ 56.6 $ 96.1
         
Backlog at October 31, 62 36 $ 46.2 $ 27.2
CONTACT: Frederick N. Cooper (215) 938-8312
         fcooper@tollbrothersinc.com

Toll Brothers, Inc. Logo

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