Toll Brothers Net Income Rose in Q4

Horsham, PA, December 9, 2015—Toll Brothers, Inc. net income was $147.2 million, or $0.80 per share diluted, for its fourth quarter and fiscal year ended October 31 compared to $131.5 million, or $0.71 per share diluted, in fiscal year 2014's fourth quarter.

In Q3 2015, Toll Brothers reported net income of $66.7 million, or $0.36 per share diluted.

The average price of homes delivered was $790,000, compared to $724,000 in fiscal year 2015's third quarter and $747,000 in fiscal year 2014's fourth quarter.

Net signed contracts of $1.25 billion and 1,437 units rose 29% in dollars and 12% in units, compared to fiscal year 2014's fourth-quarter totals of $970.8 million and 1,282 units.

The average price of net signed contracts was $872,000, compared to $834,000 in FY 2015's third quarter and $757,000 in fiscal year 2014's fourth quarter.