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Toll Brothers Inc (TOL.N)

TOL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Toll Brothers Announces $1.905 Billion Bank Credit Facility
Friday, 1 Nov 2019 

Oct 31 (Reuters) - Toll Brothers Inc ::TOLL BROTHERS ANNOUNCES $1.905 BILLION BANK CREDIT FACILITY AND $800 MILLION TERM LOAN EXTENSION.TOLL BROTHERS -ENTERED INTO FIVE-YEAR $1.905 BILLION SENIOR UNSECURED REVOLVING CREDIT FACILITY TO REPLACE EXISTING $1.295 BILLION REVOLVING CREDIT FACILITY.TOLL BROTHERS INC - EXTENDED MATURITY OF ITS EXISTING $800 MILLION SENIOR UNSECURED TERM LOAN FACILITY FROM NOVEMBER 2023 TO NOVEMBER 2024.TOLL BROTHERS INC - IN ADDITION, ON OCTOBER 31, TOLL BROTHERS REDEEMED ITS $250 MILLION OF 6.750% SENIOR NOTES DUE NOVEMBER 1, 2019 USING CASH ON HAND.  Full Article

Toll Brothers Prices $400 Million Of Senior Notes
Tuesday, 10 Sep 2019 

Sept 9 (Reuters) - Toll Brothers Inc ::TOLL BROTHERS, INC. PRICES $400 MILLION OF SENIOR NOTES.CO HAS PRICED AN UNDERWRITTEN PUBLIC OFFERING OF $400 MILLION OF 3.800% SENIOR NOTES DUE 2029.NOTES HAVE A COUPON OF 3.800% AND WILL PAY INTEREST SEMI-ANNUALLY ON MAY 1 AND NOVEMBER 1, COMMENCING MAY 1, 2020.  Full Article

Toll Brothers Reports Q3 Earnings Per Share $1.00
Wednesday, 21 Aug 2019 

Aug 20 (Reuters) - Toll Brothers Inc ::TOLL BROTHERS REPORTS FY 2019 3RD QUARTER RESULTS.Q3 EARNINGS PER SHARE $1.00.Q3 EARNINGS PER SHARE ESTIMATE $0.83 -- REFINITIV IBES DATA.Q3 REVENUE $1.76 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.7 BILLION.SEES FY 2019 DELIVERIES OF BETWEEN 7,800 AND 8,100 UNITS WITH AN AVERAGE PRICE OF BETWEEN $860,000 AND $880,000.SEES FY 2019 ADJUSTED HOME SALES GROSS MARGIN OF APPROXIMATELY 23.0%.BACKLOG VALUE AT THIRD-QUARTER END WAS $5.84 BILLION, DOWN 10%.QTRLY HOME BUILDING DELIVERIES WERE 1,994, DOWN 11%..Q3 CONTRACTS WERE DOWN MODESTLY, ARE OFF TO A GOOD START IN Q4.LOW MORTGAGE RATES, LIMITED SUPPLY OF NEW AND EXISTING HOMES, AND A STRONG EMPLOYMENT PICTURE ARE PROVIDING TAILWINDS TO Q4.  Full Article

Toll Brothers Sets Quarterly Dividend Of $0.11Per Share
Wednesday, 19 Jun 2019 

June 18 (Reuters) - Toll Brothers Inc ::SETS QUARTERLY DIVIDEND OF $0.11PER SHARE.  Full Article

Toll Brothers Says Q3, 2019 Guidance Tempered Slightly By Impact Of Weather - Conf Call
Wednesday, 22 May 2019 

May 22 (Reuters) - Toll Brothers Inc ::TOLL BROTHERS CEO SAYS 9% FALL IN Q2 CONTRACTS IN PART DUE TO INDUSTRY-WIDE SLOW DOWN THAT BEGAN IN THE SECOND HALF OF 2018 AND A CHALLENGING YEAR-OVER-YEAR COMPARISON - CONF CALL.TOLL BROTHERS CFO SAYS NORTHERN CALIFORNIA HAD AN UNUSUALLY LONG RAINY SEASON THIS YEAR THAT LASTED FROM OCTOBER UNTIL MAY, DISRUPTING LAND DEVELOPMENT ACTIVITY AND HOME PRODUCTION.TOLL BROTHERS EXEC SAYS BACKLOG IN NORTHERN CALIFORNIA IS HIGHER MARGIN THAN COMPANY AVERAGE, AND HAVE BEEN DELAYED A LITTLE BIT BECAUSE OF A REALLY BAD FALL, WINTER AND SPRING RAINY SEASON IN SAN FRANCISCO.TOLL BROTHERS CEO SAYS ABOUT 1/3 OF CO'S FOR-SALE COMMUNITIES OFFERS SOME HOMES WITH BASE PRICES UNDER $500,000 TO SERVE MILLENNIALS, OTHER CUSTOMERS THAT SEEK A LOWER PRICE POINT.TOLL BROTHERS CFO SAYS IN THE QUARTER, INCENTIVES GREW VERY MODESTLY AROUND $3,000 TO $4,000 PER HOME FOR ORDERS.TOLL BROTHERS CEO SAYS IF APRIL AND MAY TRENDS CONTINUE, THE INCENTIVE WILL COME DOWN TO MORE OF CO'S HISTORICAL NORM OF MID TO HIGH 20,000 PER HOUSE.TOLL BROTHERS CFO SAYS THIRD QUARTER AND FISCAL YEAR 2019 GUIDANCE ARE TEMPERED SLIGHTLY BY THE IMPACT OF WEATHER THAT WILL DELAYS SOME HOME CLOSINGS IN CERTAIN OF OUR NORTHERN CALIFORNIA COMMUNITIES.  Full Article

Toll Brothers Reports Q2 Earnings Per Share Of $0.87
Wednesday, 22 May 2019 

May 21 (Reuters) - Toll Brothers Inc ::TOLL BROTHERS REPORTS FY 2019 2ND QUARTER RESULTS.Q2 EARNINGS PER SHARE $0.87.Q2 EARNINGS PER SHARE ESTIMATE $0.75 -- REFINITIV IBES DATA.SEES FY 2019 REVENUE $6.58 BILLION TO $7.13 BILLION.Q2 REVENUE $1.71 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.54 BILLION.QTRLY HOME SALES REVENUES WERE $1.71 BILLION, UP 7%.SEES Q3 DELIVERIES OF BETWEEN 1,800 AND 2,000 UNITS WITH AN AVERAGE PRICE OF BETWEEN $855,000 AND $880,000..EXPECTS ITS Q3 FY 2019 ADJUSTED HOME SALES GROSS MARGIN TO BE APPROXIMATELY 22.5% OF HOME SALES REVENUES..EXPECTS ITS FY 2019 ADJUSTED HOME SALES GROSS MARGIN TO BE APPROXIMATELY 23.0% OF HOME SALES REVENUES..BACKLOG VALUE AT SECOND-QUARTER END WAS $5.66 BILLION, DOWN 11%.QTRLY HOME BUILDING DELIVERIES WERE 1,911, UP 1%..SEES FY 2019 DELIVERIES OF BETWEEN 7,700 AND 8,100 UNITS WITH AN AVERAGE PRICE OF BETWEEN $855,000 AND $880,000.FY2019 REVENUE VIEW $7.06 BILLION -- REFINITIV IBES DATA.OPTIMISTIC ABOUT OPPORTUNITIES AHEAD.TOLL BROTHERS - ADJUSTED. HOME SALES GROSS MARGIN GUIDANCE FOR REST OF YEAR REFLECTS SLOWER DEMAND, RISING INCENTIVES RELATED TO CHALLENGING FALL, WINTER.  Full Article

Toll Brothers Recommends Stockholders Reject Mini-Tender Offer By Trc Capital Corporation
Wednesday, 6 Feb 2019 

Feb 5 (Reuters) - Toll Brothers Inc ::RECOMMENDS STOCKHOLDERS REJECT MINI-TENDER OFFER BY TRC CAPITAL CORPORATION.BEEN NOTIFIED OF UNSOLICITED "MINI-TENDER" OFFER BY TRC TO BUY UPTO 3 MILLION SHARES AT A PRICE OF $33.40/SHARE IN CASH.  Full Article

Toll Brothers Reports Q2 Earnings Per Share Of $0.72
Tuesday, 22 May 2018 

May 22 (Reuters) - Toll Brothers Inc ::TOLL BROTHERS REPORTS FY 2018 2ND QUARTER RESULTS.Q2 EARNINGS PER SHARE $0.72.Q2 EARNINGS PER SHARE VIEW $0.76 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 REVENUE $6.64 BILLION TO $7.31 BILLION.Q2 REVENUE $1.6 BILLION VERSUS I/B/E/S VIEW $1.58 BILLION.SEES FY 2018 ADJUSTED GROSS MARGIN OF BETWEEN 23.75% AND 24.25% OF REVENUES.SEES FULL FY 2018 DELIVERIES OF BETWEEN 8,000 UNITS AND 8,500 UNITS WITH AN AVERAGE PRICE OF BETWEEN $830,000 AND $860,000.SEES THIRD-QUARTER DELIVERIES OF BETWEEN 2,100 AND 2,200 UNITS WITH AN AVERAGE PRICE OF BETWEEN $830,000 AND $850,000.SEES THIRD-QUARTER ADJUSTED GROSS MARGIN OF 23.4% OF REVENUES.BACKLOG VALUE AT SECOND-QUARTER END ROSE TO $6.36 BILLION.  Full Article

Toll Brothers Says Not Seen Much Correlation Between Demand, Interest Rates
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Toll Brothers Inc ::TOLL BROTHERS -CHANGES IN STATE AND LOCAL TAX DEDUCTIONS, MORTGAGE INTEREST DEDUCTION NOT BEING MENTIONED BY OUR BUYERS EVEN IN HIGH TAX STATES- CONF CALL.TOLL BROTHERS - NOT SEEN MUCH CORRELATION BETWEEN DEMAND AND INTEREST RATES AS LONG AS RATES MOVES ARE GRADUAL AND IN TANDEM WITH AN IMPROVING ECONOMY‍​.TOLL BROTHERS - Q1 BUILDING COSTS ARE UP MODESTLY, PRETTY MUCH ALL DRIVEN BY ABOUT $2,000 ‍​RISE IN LUMBER PRICES FOR CO - CEO ON CONF CALL.  Full Article

Toll Brothers Reports Q1 Earnings Of $0.83 Per Share
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Toll Brothers Inc ::TOLL BROTHERS REPORTS FY 2018 1ST QUARTER RESULTS.Q1 EARNINGS PER SHARE $0.83.Q1 REVENUE ROSE 28 PERCENT TO $1.18 BILLION.SEES FY 2018 REVENUE $6.4 BILLION TO $7.4 BILLION.SEES FULL FY 2018 DELIVERIES OF BETWEEN 7,800 AND 8,600 UNITS.‍BACKLOG VALUE AT FIRST-QUARTER END ROSE TO $5.58 BILLION, UP 28%​.SEES SECOND-QUARTER DELIVERIES OF BETWEEN 1,825 AND 1,925 UNITS.EXPECTED DIP IN COMMUNITY COUNT IN Q1 WILL CONTINUE IN Q2.‍COMPANY REAFFIRMS ITS PREVIOUS GUIDANCE FOR FULL FY 2018 ADJUSTED GROSS MARGIN OF BETWEEN 23.75% AND 24.25%​.TAX REFORM RESULTED IN A $31.2 MILLION ONE-TIME BENEFIT IN Q1.Q1 REVENUE VIEW $1.18 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $6.92 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Chinese U.S. homebuying to hit 8-year low, says leading property site

U.S. home sales to Chinese buyers are likely to drop to an eight-year low in the year ending next March as a prolonged Sino-U.S. trade war hits demand, according to estimates from Chinese real estate website Juwai.com.