Toll Brothers Reports Lower Income & Home Sales Revenues for Q3

Horsham, PA, August 26, 2020-Toll Brothers reported FY 2020 Q3 net income of $114.8 million, a 21.5% decline compared to net income of $146.3 million in FY 2019’s third quarter.

Home sales revenues were $1.63 billion, down 7%; while home building deliveries were 2,022, up 1%.

During the quarter, the number of purchase contracts jumped 26% to 2,833 YOY, while total contract value climbed 18%, the company's highest third quarter ever in both units and dollars. 

For FY 2020’s nine month period, net income was $247.3 million, a 36.2% decline compared to FY 2019’s nine month period net income of $387.7 million, .

FY 2020’s nine month period home sales revenues were $4.44 billion, a 7.3% decline compared to FY 2019’s nine month period totals of $4.79 billion. Units rose from 5,435 in FY 2019’s nine month period to 5,556 in 2020.