Toll Brothers (TOL) Tops Q4 EPS by $1.64

Toll Brothers (NYSE: TOL) reported Q4 EPS of $5.63, $1.64 better than the analyst estimate of $3.99. Revenue for the quarter came in at $3.71 billion versus the consensus estimate of $3.18 billion.

• Pre-tax income was $841.1 million, compared to $499.7 million in FY 2021’s fourth quarter.
• Net signed contract value was $1.3 billion, down 56% compared to FY 2021’s fourth quarter; contracted homes were 1,186, down 60%.
• Home sales gross margin was 26.9%, compared to FY 2021’s fourth quarter home sales gross margin of 23.5%.
• SG&A, as a percentage of home sales revenues, was 7.7%, compared to 8.8% in FY 2021’s fourth quarter.
• Other income, income from unconsolidated entities, and gross margin from land sales and other was $152.5 million, which includes an approximate $141.2 million benefit related to the settlement described above.
• The Company repurchased approximately 3.7 million shares at an average price of $42.45 per share for a total purchase price of approximately $158.9 million.

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

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