earnings
confidence high
sentiment positive
materiality 0.80
Toll Brothers Q4 EPS $3.02, revenue $2.95B (+18% YoY); guides FY2022 revenue up 20%
Toll Brothers, Inc.
2021-FY EPS reported
$6.63
revenue$8,790,361,000
- Net income $374.3M ($3.02 diluted EPS) nearly doubled from $199.3M ($1.55) in Q4 FY2020.
- Home sales revenues $2.95B (+18%), deliveries 3,341 units (+14%); net signed contracts $3.00B (+10%).
- Adjusted home sales gross margin improved 190 bps to 25.9% from 24.0%; full-year ROE 17.1%.
- Backlog value $9.50B (+49%), homes in backlog 10,302 (+32%); average price in backlog $922,100.
- FY2022 guidance: deliveries 11,250-12,000 units; adjusted gross margin ~27.5%; revenue growth ~20%.