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| Toll Brothers reports 4Q and FY 2008 results Toll Brothers Inc, the largest U.S. luxury home builder, reported a FY 2008 fourth quarter net loss of $78.8 million, or $0.49 per share diluted, which included pre-tax write-downs totaling $175.9 million. This compared to FY 2007's fourth quarter net loss of $81.8 million, or $0.52 per share diluted, which included pre-tax write-downs totaling $314.9 million. Toll Brothers also reported, for its full-fiscal-year ended October 31, 2008, a net loss of $297.8 million, or $1.88 per share diluted, which included pre-tax write-downs totaling $848.9 million. This compared to FY 2007's full-year net income of $35.7 million, or $0.22 per share diluted, which included pre-tax write-downs of $687.7 million. Excluding write-downs, FY 2008's fourth quarter earnings were $38.5 million, or $0.23 per share diluted, compared to FY 2007's fourth quarter earnings of $118.2 million, or $0.72 per share diluted. Excluding write-downs, FY 2008's twelve-month earnings were $232.0 million, or $1.41 per share diluted, compared to FY 2007's twelve-month earnings of $464.6 million, or $2.83 per share diluted. Other key results include: * FY 2008's fourth-quarter total revenues were $698.9 million, compared to FY 2007's fourth-quarter total revenues of $1.17 billion. * FY 2008's twelve-month total revenues were $3.16 billion, compared to FY 2007's twelve-month total revenues of $4.65 billion. * FY 2008's fourth-quarter net signed contracts were $266.7 million, compared to FY 2007's fourth-quarter total of $365.3 million. * FY 2008's twelve-month net signed contracts were $1.61 billion, compared to FY 2007's twelve-month total of $3.01 billion. * FY 2008's year-end backlog was $1.33 billion, compared to FY 2007's year-end backlog of $2.85 billion. write your comments about the article :: © 2008 Construction News :: home page |