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| Toll Brothers reports 4th qtr and FY 2011 results Toll Brothers, Inc., the largest US luxury-home builder, announced results for earnings, revenues, contracts, and backlog for its fourth quarter and fiscal year ended October 31, 2011. The Company reported FY 2011 fourth-quarter net income of $15.0 million, or $0.09 per share diluted, compared to FY 2010's fourth-quarter net income of $50.5 million, or $0.30 per share diluted. FY 2011's fourth quarter included a tax expense of $0.2 million, compared to a $59.9 million net tax benefit in FY 2010's fourth quarter. FY 2011's fourth-quarter revenues and home building deliveries of $427.8 million and 757 units increased 6% in dollars and 8% in units, compared to FY 2010's fourth-quarter totals of $402.6 million and 700 units. For its fiscal year ended October 31, 2011, the Company reported net income of $39.8 million, or $0.24 per share diluted, compared to a net loss of $3.4 million, or $0.02 per share diluted, for FY 2010. For FY 2011, the Company reported a pre-tax loss of $29.4 million, compared to a pre-tax loss of $117.2 million for FY 2010. FY 2011 home building revenues of $1.48 billion and 2,611 units declined 1% in both dollars and units, compared to $1.49 billion and 2,642 units in FY 2010. The Company ended FY 2011 with a backlog of $981.1 million and 1,667 units, an increase of 15% in dollars and 12% in units, compared to FY 2010's year-end backlog of $852.1 million and 1,494 units. write your comments about the article :: © 2011 Construction News :: home page |