Toll Brothers Reports FY 2020 1st Quarter Results
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Toll Brothers (TOL) Misses Q1 EPS by 4c, Revenues Miss
February 25, 2020 4:32 PM ESTToll Brothers (NYSE: TOL) reported Q1 EPS of $0.41, $0.04 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.45 billion.
Second Quarter and Full FY 2020 Financial Guidance:
Second quarter deliveries of between 1,850 and 2,050 units with an average price of between $800,000 and $820,000.Fiscal Year 2020 deliveries of between 8,600 and 9,100 units with an average price of between $800,000 and $820,000.Second quarter Adjusted Home Sales Gross Margin of approximately 20.50%.Fiscal Year 2020 Adjusted Home Sales Gross Margin of approximately 21.25%.Second quarter... More