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| Toll Brothers reports preliminary 3rd qtr FY 2006 totals Toll Brothers, America's premier builder of luxury homes, reported preliminary results for home building revenues, backlog and contracts for the third-quarter and nine-month periods ended July 31, 2006. For the third quarter, home building revenues were approximately $1.53 billion compared to the third-quarter record of $1.54 billion in FY 2005; quarter-end backlog was approximately $5.59 billion compared to the third- quarter record of $6.43 billion in FY 2005; and signed contracts were approximately $1.05 billion compared to the third-quarter record of $1.92 billion in FY 2005. Home building revenues, backlog and contracts declined 0.5%, 13% and 45%, respectively, compared to FY 2005's record third-quarter results. For the nine-month period, home building revenues totaled approximately $4.31 billion compared to the previous nine-month record of $3.75 billion in FY 2005, while signed contracts totaled approximately $3.75 billion compared to the nine-month record of $5.56 billion in FY 2005. These totals represented a 15% increase in home building revenues and a 33% decline in contracts compared to FY 2005's record nine-month period. The results are preliminary and unaudited. The company will announce final totals when it releases third-quarter and nine-month earnings results on August 22, 2006. write your comments about the article :: © 2006 Construction News :: home page |