Toll Brothers (TOL) Posts Improved Q4 Adjusted Pre-Tax Income

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Toll Brothers Reports 4th Qtr and FYE 2016 Results

December 6, 2016 5:01 AM EST

HORSHAM, Pa., Dec. 06, 2016 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) (www.tollbrothers.com), the nations leading builder of luxury homes, today announced results for earnings, revenues, contracts, and backlog for its fourth quarter and fiscal year ended October 31, 2016.

Fourth Quarter Financial Highlights:

FY 2016s fourth-quarter net income was $114.4 million, or $0.67 per share diluted, compared to $147.2 million, or $0.80 per share diluted, in FY 2015s fourth quarter. Pre-tax income was $168.2 million, compared to $217.5 million in FY 2015s fourth... More