Toll Brothers Full Year 2024 Earnings: Beats Expectations

Toll Brothers (NYSE:TOL) Full Year 2024 Results

Key Financial Results

• Revenue: US$10.8b (up 8.5% from FY 2023).
• Net income: US$1.57b (up 14% from FY 2023).
• Profit margin: 14% (in line with FY 2023).
• EPS: US$15.16 (up from US$12.47 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Toll Brothers Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%.

The primary driver behind last 12 months revenue was the Home Building - South segment contributing a total revenue of US$2.79b (26% of total revenue). Notably, cost of sales worth US$7.76b amounted to 72% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$982.3m (65% of total expenses). Explore how TOL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are down 8.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Toll Brothers that you should be aware of.

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