Toll Brothers, Inc. (TOL) Q3 2024 Earnings Call Transcript Summary
Toll Brothers, Inc. (TOL) Q3 2024 Earnings Call Transcript Summary
Earnings of $3.60 per diluted share were recorded, signifying strong quarterly performance.The following is a summary of the Toll Brothers, Inc. (TOL) Q3 2024 Earnings Call Transcript:
以下是托爾兄弟公司（TOL）2024年第三季度業績會議通話摘要：
Financial Performance:
金融業績：
Toll Brothers reported a record third quarter home sale revenue of $2.72 billion.
Adjusted gross margin exceeded guidance at 28.8% primarily due to greater efficiencies in homebuilding operations.
Earnings of $3.60 per diluted share were recorded, signifying strong quarterly performance.
Average home sale price stood at approximately $968,000.
The company has raised full-year earnings expectations to between $14.50 and $14.75 per diluted share, with a return on beginning equity of about 22.5%.
托爾兄弟報告了第三季度創紀錄的房屋銷售營業收入爲27.2億美元。
由於住宅建設運營效益提高，調整後毛利率超過了預期，達到了28.8%。
每股攤薄收益爲3.60美元，表明季度業績強勁。
平均房屋售價約爲968,000美元。
公司將全年每股攤薄收益預期上調至14.50美元至14.75美元，並預計回報率將約爲22.5%。
Business Progress:
業務進展：
Toll Brothers delivered 2,814 homes this quarter, up 11.5% year-over-year.
The company signed 2,490 net contracts valued at $2.4 billion, reflecting an 11% increase from the previous year.
Strategic focus on including more affordable homes and increasing spec homes supply to meet market demand.
Targeted growth in community count, aiming for an 11% increase by fiscal year-end to approximately 410 communities.
Continued investment in diversifying geographical presence and price points.
托爾兄弟本季度交付了2,814套住宅，同比增長11.5%。
公司簽署了淨合同2,490份，價值24億美元，比上年增長11%。
戰略重點是包括更多的經濟住房，並增加現貨供應以滿足市場需求。
社區數量的有針對性增長，力爭截至財政年底增長11%，達到約410個社區。
繼續投資於多樣化的地理位置和價格點。
Opportunities:
機會：
With historically low interest rates and favorable demographics, including an influx of millennials and baby boomers adjusting to retirement, there is a robust demand for new homes.
Expansion into more affordable housing sectors and a broad range of geographic locations provides significant growth opportunities.
由於歷史上低利率和有利的人口結構，包括千禧一代和嬰兒潮一代適應退休，對新房的需求旺盛。
擴展更經濟實惠的住房領域和廣泛的地理位置範圍，提供了顯著的增長機會。
Risks:
風險：
Potential fluctuations in market demand influenced by economic conditions and interest rate changes. The uneven demand observed through the quarter, although improving, indicates market sensitivity.
Incentivising certain home sales, particularly specs, implies a need to manage inventory levels carefully to avoid margin impacts.
市場需求的潛在波動受經濟狀況和利率變動影響。儘管有所改善，但季度內觀察到的需求不穩定表明市場敏感性。
鼓勵一些房屋銷售，尤其是規格，意味着需要謹慎管理庫存水平，以避免對利潤率的影響。
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提示：本文由AI生成。文章內容的準確性無法完全保證。有關更全面的詳細信息，請參閱IR網站。本文只是爲投資者提供參考，沒有任何指導或推薦建議。