TOLL BROTHERS Reports Q3 2023 Earnings Results on July 31st
August 24, 2023
🌥️Earnings Overview
On July 31st 2023, TOLL BROTHERS ($NYSE:TOL) made the announcement that their total revenue had increased by 7.7%, to USD 2687.6 million, over the same period of the prior year. Furthermore, their net income for the quarter was USD 414.8 million, a 51.7% increase from the same time in the year prior. These earnings results pertained to Q3 of the fiscal year 2023.
Share Price
On Tuesday, July 31st, TOLL BROTHERS reported its earnings results for the third quarter of 2023. The company’s stock opened at $75.4 and closed at $75.9, representing a 1.2% increase from its previous closing price of $75.0. This marks a significant improvement in the company’s stock value since the beginning of the year. The company attributed this revenue growth to strong sales in its core business lines, including luxury homes, townhomes, and commercial real estate.
In its earnings call, TOLL BROTHERS’ CEO Doug Yearley emphasized the company’s commitment to generating long-term value for its investors. He also highlighted the company’s efforts to expand into new markets and strengthen its competitive advantages in the real estate industry. Overall, the third quarter earnings report from TOLL BROTHERS indicates that it is well-positioned to continue generating strong returns for its investors in the coming year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Toll Brothers. More…
| Total Revenues | Net Income | Net Margin |
| 10.69k | 1.57k | 13.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Toll Brothers. More…
| Operations | Investing | Financing |
| 1.34k | -153.18 | -1.12k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Toll Brothers. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.35k | 5.64k | 61.22 |
Key Ratios Snapshot
Some of the financial key ratios for Toll Brothers are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.6% | 53.4% | 19.2% |
| FCF Margin | ROE | ROA |
| 11.8% | 19.6% | 10.4% |
Analysis
At GoodWhale, we have conducted an analysis of TOLL BROTHERS‘ fundamentals, and based on our Risk Rating, we can say that TOLL BROTHERS is a medium risk investment in terms of financial and business aspects. We have also detected two risk warnings in its income sheet and balance sheet. If you’re interested in learning more about these risk warnings, we invite you to register with us. With GoodWhale, you’ll be able to find out detailed information about TOLL BROTHERS and its financial performance. This way, you can make the best decision on whether investing in TOLL BROTHERS is right for you. More…
Peers
The company is headquartered in Horsham, Pennsylvania, and operates in 22 states. The company’s product offerings include single-family detached homes, attached homes, and condominiums. The company’s competitors include D.R. Horton Inc, Redbubble Ltd, and PulteGroup Inc.
– D.R. Horton Inc ($NYSE:DHI)
D.R. Horton Inc is a homebuilding company that was founded in 1978 and is headquartered in Fort Worth, Texas. As of 2022, the company had a market capitalization of 28.86 billion and a return on equity of 25.26%. The company operates in 26 states and 84 markets across the United States. D.R. Horton is the largest homebuilder in the United States by volume, with a market share of approximately 18%. The company builds single-family detached homes, townhomes, and condominiums.
– Redbubble Ltd ($ASX:RBL)
Redbubble Ltd has a market cap of 168.95M as of 2022 and a Return on Equity of -12.32%. The company is an online marketplace that allows artists to sell their artwork on a variety of products.
– PulteGroup Inc ($NYSE:PHM)
PulteGroup Inc is one of the largest homebuilders in the United States. The company has a market cap of 9.97 billion as of 2022 and a return on equity of 24.61%. The company builds and sells single-family homes, townhouses, condominiums, and apartments in the United States.
Summary
Toll Brothers reported record earnings for Q3 2023, with total revenue reaching USD 2687.6 million, a 7.7% increase from the same period in the previous year. Net income for the quarter also grew substantially, totaling USD 414.8 million and representing a 51.7% increase year-on-year. Investing in Toll Brothers is an attractive option for those looking to capitalize on this success. The company has a solid track record of consistent growth and an impressive return on investment.
Additionally, its strong financial performance and robust management team make it an attractive choice for investors.
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