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February 25, 2014
14:32 EDTTOLToll Brothers says to date in Q2, contracts in units down about 8%
Management said, "Through the first three and-a-half weeks of our second quarter, our contracts in units were down about 8%. During this time, traffic has actually been up about 8% per community, which is encouraging, especially given the weather in many of our markets." They noted that demand has leveled more recently against some very strong prior year comparisons. Despite that, they remain optimistic on the spring selling season based on solid affordability, attractive interest rates, and growing pent-up demand. They continue to be encouraged by the strength of the coastal California markets. They expect growth in California as well as significant expansion in Texas to further diversify the company and spur growth as they move forward. For FY14, the company expects a 175bps-200bps improvement in gross margin over FY13 levels, with the most significant improvements occurring in Q3 and Q4. Full year 2014, SG&A is still anticipated to be up 25% over full year 2013. Comments from company's Q1 earnings conference call.
News For TOL From The Last 14 Days
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March 2, 2015
07:27 EDTTOLRaymond James to hold a conference
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February 24, 2015
11:50 EDTTOLToll Brothers sees tax rate at 35% for balance of the year
Says looking to expand City Living beyond New York. Sees more buyers this spring selling season. Says has more pricing power than in November and December.
11:21 EDTTOLToll Brothers sees earnings growth in FY16
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08:56 EDTTOLOn The Fly: Pre-market Movers
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05:26 EDTTOLToll Brothers expects to deliver 5,200-6,000 homes in FY!5
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05:25 EDTTOLToll Brothers reports Q1 home building deliveries of 1,091 units
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05:25 EDTTOLToll Brothers reports Q1 EPS 44c, consensus 30c
Reports Q1 revenue $953.5M, consensus $780.86M
February 23, 2015
14:59 EDTTOLToll Brothers technical comments before earnings
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13:44 EDTTOLEarnings Preview: Toll Brothers sentiment cautious ahead of Q1 results
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February 19, 2015
07:04 EDTTOLToll Brothers weekly volatility elevated into Q4 and outlook
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