Toll Brothers reported strong Q4 2024 results, with net income of $475.4 million and earnings per share of $4.63. Home sales revenues increased by 10% to $3.26 billion, and net signed contract value rose by 32% to $2.66 billion. The company's performance was driven by its luxury brand, financially strong buyers, and strategies to increase spec home production and expand geographically.
Net income and EPS increased to $475.4 million and $4.63 per diluted share, respectively.
Home sales revenues rose 10% to $3.26 billion on 3,431 units delivered.
Net signed contract value increased 32% to $2.66 billion, with 2,658 homes contracted.
Adjusted home sales gross margin was 27.9%, exceeding guidance.
Toll Brothers provided financial guidance for the first quarter and full fiscal year 2025.
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