Summary
Toll Brothers is a leading builder of upscale homes, serving step-up, empty-nest, active-adult, and second-home buyers. The company delivered a record 10,515 homes in FY22. At the end of the fiscal year, the company operated 348 selling communities across 24 states. The company operates its own lumber distribution, component-assembly, and manufacturing operations. Toll also has subsidiaries that provide architectural, engineering, mortgage, title land development and golf course management services. TOL also operates a growing number of for-rent apartments. The company, which is based in Horsham, Pennsylvania, had record fiscal FY22 home sales of $9.7 billion, up from $8.4 billion in FY21 and the pre-pandemic record of $7.08 billion in FY19. In April 2022, TOL was the number 5 U.S. homebuilder based on revenue.
The company’s fiscal year ends on October 31.
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Source: https://finance.yahoo.com/research/reports/ARGUS_3452_AnalystReport_1685447047000?yptr=yahoo&ncid=yahooproperties_plusresear_nm5q6ze1cei