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Toll Brothers | 8-K: Toll Brothers Reports FY 2024 3rd Quarter Results

Toll Brothers | 8-K: Toll Brothers Reports FY 2024 3rd Quarter Results

托尔兄弟 | 8-K:Toll Brothers公布2024财年第三季度业绩
美股SEC公告 ·  2024/08/20 16:39

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Toll Brothers reported solid Q3 FY2024 results with home sales revenues reaching $2.72B, up 2% YoY, while delivering 2,814 homes, an 11% increase. Net income was $374.6M ($3.60 per share), compared to $414.8M ($3.73 per share) in Q3 FY2023. Adjusted home sales gross margin stood at 28.8%, exceeding guidance.Net signed contracts rose 11% in both units and dollars to $2.41B, with July being the strongest month. The company maintained strong operational metrics with a backlog of $7.07B and 6,769 homes. Community count grew to 404, up from 345 year-over-year, with a target of 410 by fiscal year-end.Based on Q3 performance, Toll Brothers raised full-year guidance across key metrics, including adjusted gross margin to approximately 28.3%. The company increased its share repurchase target from $500M to $600M for FY2024, having repurchased $246M in Q3. The company maintains a healthy balance sheet with a net debt-to-capital ratio of 19.6%.
Toll Brothers reported solid Q3 FY2024 results with home sales revenues reaching $2.72B, up 2% YoY, while delivering 2,814 homes, an 11% increase. Net income was $374.6M ($3.60 per share), compared to $414.8M ($3.73 per share) in Q3 FY2023. Adjusted home sales gross margin stood at 28.8%, exceeding guidance.Net signed contracts rose 11% in both units and dollars to $2.41B, with July being the strongest month. The company maintained strong operational metrics with a backlog of $7.07B and 6,769 homes. Community count grew to 404, up from 345 year-over-year, with a target of 410 by fiscal year-end.Based on Q3 performance, Toll Brothers raised full-year guidance across key metrics, including adjusted gross margin to approximately 28.3%. The company increased its share repurchase target from $500M to $600M for FY2024, having repurchased $246M in Q3. The company maintains a healthy balance sheet with a net debt-to-capital ratio of 19.6%.
托尔兄弟报告了2024财年第三季度的良好业绩,房屋销售收入达到27.2亿,较去年同期增长2%,交付房屋2,814套,增长11%。净利润为37460万美元(每股3.60美元),而2023财年第三季度为41480万美元(每股3.73美元)。调整后的房屋销售毛利率为28.8%,超出预期。净签约合同在单位和金额上均增长11%,达到24.1亿,七月是最强月份。公司保持强劲的运营指标,积压订单为70.7亿,房屋数量为6769套。社区数量增长到404个,较去年同期的345个有所增加,目标是到财务年度结束时达到410个。根据第三季度的表现,托尔兄弟提高了全年关键指标的指导,包括调整后的毛利率约为28.3%。公司将2024财年的股票回购目标从50000万美元提高到60000万美元,第三季度回购了24600万美元。公司保持健康的资产负债表,净债务资本比率为19.6%。
托尔兄弟报告了2024财年第三季度的良好业绩,房屋销售收入达到27.2亿,较去年同期增长2%,交付房屋2,814套,增长11%。净利润为37460万美元(每股3.60美元),而2023财年第三季度为41480万美元(每股3.73美元)。调整后的房屋销售毛利率为28.8%,超出预期。净签约合同在单位和金额上均增长11%,达到24.1亿,七月是最强月份。公司保持强劲的运营指标,积压订单为70.7亿,房屋数量为6769套。社区数量增长到404个,较去年同期的345个有所增加,目标是到财务年度结束时达到410个。根据第三季度的表现,托尔兄弟提高了全年关键指标的指导,包括调整后的毛利率约为28.3%。公司将2024财年的股票回购目标从50000万美元提高到60000万美元,第三季度回购了24600万美元。公司保持健康的资产负债表,净债务资本比率为19.6%。
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