Toll Brothers, Inc. Provides Operating Guidance for the Second Quarter and Full Fiscal Year 2022
February 22, 2022 at 04:30 pm EST
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Toll Brothers, Inc. provided operating guidance for the second quarter and full fiscal year 2022. For the quarter, the company expects deliveries of 2,350 units with an average price of $865,000 to $885,000.
For the full fiscal year, the company expects deliveries of 11,250 units to 12,000 units with an average delivered price of $875,000 to $895,000.
Toll Brothers, Inc. is a builder of luxury homes. The Company designs, builds, markets, sells and arranges financing for an array of luxury residential single-family detached home, attached home, master-planned, and urban low-, mid-, and high-rise communities. The Company operates its own architectural, engineering, mortgage, title, land development, insurance, smart home technology and landscaping subsidiaries. It also develops master-planned and golf course communities as well as operate, in certain regions, its own lumber distribution, house component assembly and manufacturing operations. The Company also caters to urban and suburban renters under the brand names Toll Brothers Apartment Living and Toll Brothers Campus Living. It designs, builds, markets, and sells high-density, high-rise urban luxury condominiums with third-party joint venture partners through Toll Brothers City Living (City Living). The Company operates in approximately 24 states and in the District of Columbia.