Toll Brothers Reports Record Growth in Contracts Signed in Q3

Horsham, PA, August 22, 2018-Toll Brothers, one of the nation's largest high-end homebuilders, reported a revenue increase of 27% for Q3 2018, compared to Q3 2017.

Home deliveries rose 18% for the same period.

Q3 net income increased 30% year over year.

Says Douglas C. Yearley, Jr., Toll Brothers’ chief executive officer, “We achieved 12% growth in the value of new contracts signed, which, at $2.03 billion, was the highest for any third quarter in our history. Record third-quarter contracts and a third-quarter-end backlog, up 22% in dollars from one year ago, indicate revenue and earnings growth in FY 2019.”