This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

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

Stock quotes in this article: TOL 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs