On the occasion of the publication of its quarterly results on Tuesday evening, Toll Brothers raised its EPS guidance for fiscal 2023-24 to around $14, instead of $13.25 to $13.75.
The luxury homebuilder reported EPS of $4.55 for its second accounting quarter, up from $2.85 a year earlier, and up nearly 19% to $3.38 excluding a gain on a land disposal.
Revenues from residential sales rose by 6% to $2.65 billion, on a similar increase in the number of homes delivered to 2,641, while the net value of contracts signed over the period climbed by 29% to $2.94 billion.
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Toll Brothers, Inc. is a builder of luxury homes. The Company designs, builds, markets, sells and arranges financing for an array of luxury residential single-family detached home, attached home, master-planned, and urban low-, mid-, and high-rise communities. The Company operates its own architectural, engineering, mortgage, title, land development, insurance, smart home technology and landscaping subsidiaries. It also develops master-planned and golf course communities as well as operate, in certain regions, its own lumber distribution, house component assembly and manufacturing operations. The Company also caters to urban and suburban renters under the brand names Toll Brothers Apartment Living and Toll Brothers Campus Living. It designs, builds, markets, and sells high-density, high-rise urban luxury condominiums with third-party joint venture partners through Toll Brothers City Living (City Living). The Company operates in approximately 24 states and in the District of Columbia.
TOLL BROTHERS, INC. 
