earnings
confidence high
sentiment positive
materiality 0.85
Toll Brothers Q3 net income doubles to $234.9M; record backlog $9.44B; guides FY2022 margins up
Toll Brothers, Inc.
2021-Q3 EPS reported
$3.63
revenue$5,748,981,000
- Net income $234.9M ($1.87 diluted EPS) vs $114.8M ($0.90) YoY; home sales revenue $2.23B (+37%).
- Net signed contracts $2.98B record (+35%); backlog $9.44B record (+55%); adjusted home sales gross margin 25.6%.
- Full FY2021 guidance: deliveries 10,100 units; avg price ~$830k; adjusted margin 24.9%; tax rate 24.6%.
- Strategic partnership with Equity Residential for rental communities in 7 metro markets.
- Repurchased 1.7M shares in Q3 at avg $57.66; paid quarterly dividend $0.17/share.