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Toll Brothers reports 3rd qtr FY 2006 earnings results

Toll Brothers, Inc., America's leading builder of luxury homes, reported FY 2006 third-quarter and nine-month results for earnings, revenues, backlog and contracts for the period ended July 31, 2006.

FY 2006's third-quarter net income was $174.6 million, compared to FY 2005's third-quarter record of $215.5 million. Nine-month net income was a record $513.4 million, compared to FY 2005's previous nine-month record of $495.9 million.

FY 2006's third-quarter total revenues were $1.53 billion compared to the third-quarter record of $1.55 billion in FY 2005; third-quarter-end backlog was $5.59 billion compared to the third-quarter record of $6.43 billion in FY 2005; and signed contracts were $1.05 billion compared to the third-quarter record of $1.92 billion in FY 2005.

For the nine-month period, record total revenues were $4.31 billion compared to the previous nine-month record of $3.77 billion in FY 2005, and signed contracts were $3.75 billion compared to the nine-month record of $5.56 billion in FY 2005.



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