Toll Brothers Increases Income and Revenues in Q3

Horsham, PA, August 25, 2017-Toll Brothers, Inc. announced 2017 Q3 net income was $148.6 million, compared to net income of $105.5 million in 2016 Q3.

Revenues of $1.50 billion and home building deliveries of 1,899 units increased 18% in dollars and 26% in units, compared to 2016 Q3.

The average price of homes delivered was $791,400, compared to $842,700 one year ago.  The drop in average price was due to a change in mix, as was expected.

Net signed contracts of $1.81 billion and 2,163 units rose 25% in dollars and 24% in units, compared to 2016 Q3. The average price of net signed contracts was $837,300, compared to $830,800 one year ago.