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| Toll Brothers reports revenues decreased 19% for Q1 2007  Luxury home builder Toll Brothers, Inc. said its first-quarter home building revenues of approximately $1.09 billion decreased 19% from FY 2006's first-quarter homebuilding revenues of $1.34 billion, the first-quarter record. For the quarter ended January 31, backlog was approximately $4.15 billion, a decline of 30% compared to the first-quarter record of $5.95 billion in FY 2006. The Horsham-based company reduced the number of net signed contracts to about $749 million, a decline of 34% compared to FY 2006's first-quarter total of $1.14 billion. The company signed 1,463 gross contracts in FY 2007's first quarter, a 14% decline from the 1,695 signed in FY 2006's first quarter. Net of cancellations, first quarter contracts totaled 1,027 units, down 33% from 1,544 units in the first quarter of FY 2006.Toll Brothers's fiscal 2007 first quarter, unconsolidated entities in which the company had an interest had revenues of approximately $20.6 million compared to $52.1 million in the same period of FY 2006. write your comments about the article :: © 2007 Construction News :: home page |