Toll Brothers (TOL) Tops Q1 EPS by 14c

Toll Brothers (NYSE: TOL) reported Q1 EPS of $0.44, $0.14 better than the analyst estimate of $0.30. Revenue for the quarter came in at $853.5 million versus the consensus estimate of $780.86 million.

• The average price of homes delivered was $782,300, compared to $693,600 in FY 2014's first quarter.
• Net signed contracts of $873.2 million and 1,063 units rose 24% in dollars and 16% in units, compared to FY 2014's first quarter. The average price of net signed contracts was $821,500, compared to $766,100 in FY 2014's first quarter.
• Backlog of $2.74 billion and 3,651 units rose 2% in dollars and was approximately flat in units, compared to FY 2014's first-quarter-end backlog. The average price of homes in backlog was $750,300, compared to $732,900 at FY 2014's first-quarter end. At FY 2015's first-quarter end, the Company also had a backlog of $295.8 million and 128 units in unconsolidated home building joint ventures in which the Company is a 50% partner.

For earnings history and earnings-related data on Toll Brothers (TOL) click here.

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