Toll Brothers Reports Lower Q2 Net Income

Horsham, PA, May 28, 2015—Toll Brothers, the largest luxury homebuilder in the U.S., reported net income of $67.9 million, or $0.37 per share, for the second quarter fiscal 2015.

The company's first quarter net income was $81.3 million, or $0.44 per share. 

The company delivered 1,195 units in the second quarter and has 4,387 units in its backlog with an average price of $794,000.