Toll Brothers, Inc. (TOL) Posts Large Q4 Income on Items, Sales Easily Beat Views

Toll Brothers, Inc. (NYSE: TOL) reported Q4 EPS of $2.35, which includes a tax benefit of $350.7 million and does not compare to the analyst estimate of $0.24. Revenue for the quarter came in at $632.8 million versus the consensus estimate of $566.46 million.

Net signed contracts of $684.1 million and 1,098 units rose 75% in dollars and 70% in units, compared to FY 2011's fourth quarter. On a per-community basis, FY 2012's fourth-quarter net signed contracts of 4.86 units per community were the highest for any fourth quarter since FY 2005.

Backlog of $1.67 billion and 2,569 units rose 70% in dollars and 54% in units, compared to FY 2011's fourth-quarter-end backlog.

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

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