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| Toll Brothers reports preliminary results  Toll Brothers, Inc., America's luxury homes builder, reported preliminary results for home building revenues, backlog and contracts for the fourth quarter and fiscal year ended October 31, 2006. For the fourth quarter, home building revenues were approximately $1.81 billion compared to the fourth-quarter record of $2.01 billion in FY 2005; quarter-end backlog was approximately $4.49 billion compared to the fourth-quarter record of $6.01 billion in FY 2005; and signed contracts during the quarter were approximately $710 million compared to the fourth-quarter record of $1.59 billion in FY 2005. Home building revenues, backlog and contracts declined 10%, 25% and 55%, respectively, compared to FY 2005's record fourth-quarter results.For the full 2006 fiscal year, record home building revenues rose 6% to approximately $6.12 billion, compared to $5.76 billion in FY 2005, the previous record. Signed contracts were approximately $4.46 billion, a decline of 38% compared to the fiscal year record of $7.15 billion in FY 2005. These results are preliminary and unaudited. The Company will announce final totals when it releases fourth-quarter and full fiscal year earnings results on December 5, 2006, with a conference call to follow that day. write your comments about the article :: © 2006 Construction News :: home page |