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| Toll Brothers sees profit fall 79% in second quarter US luxury home builder Toll Brothers said that second-quarter net income was $36.7 million, or $0.22 per share, — down from $174,9 million, or $1,06, a year earlier. FY 2007's six-month net income was $91.0 million, or $0.55 per share, compared to FY 2006's same period record results of $338.8 million, or $2.04 per share. FY 2007's second-quarter total revenues were $1.17 billion compared to the second-quarter record of $1.44 billion in revenues in FY 2006. FY 2007's six-month total revenues were $2.27 billion compared to the six-month record of $2.78 billion in FY 2006. FY 2007's second-quarter-end backlog was $4.15 billion compared to the second-quarter record of $6.07 billion in FY 2006. FY 2007's second-quarter net signed contracts were $1.17 billion, a decline of 25% compared to FY 2006's second-quarter total of $1.56 billion. TToll Brothers signed 2,031 contracts in FY 2007's second quarter, a 14% decline from the 2,372 signed in FY 2006's second quarter. write your comments about the article :: © 2007 Construction News :: home page |