Toll Brothers (TOL) Tops Q1 EPS by 9c

Toll Brothers (NYSE: TOL) reported Q1 EPS of $1.24, $0.09 better than the analyst estimate of $1.15. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.79 billion.

• Pre-tax income was $200.8 million, compared to $127.4 million in FY 2021’s first quarter.
• Net signed contract value was $3.0 billion, up 19% compared to FY 2021’s first quarter; contracted homes were 2,929, up 2%.
• Home sales gross margin was 23.6%, compared to FY 2021’s first quarter home sales gross margin of 20.5%.
• SG&A, as a percentage of home sales revenues, was 13.4%, compared to 14.9% in FY 2021’s first quarter.
• Other income, income from unconsolidated entities, and gross margin from land sales and other was $29.9 million.
• The Company repurchased approximately 3.0 million shares at an average price of $61.65 per share for a total purchase price of approximately $185.8 million.

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

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