The Real Deal Miami

Toll Brothers revenue drops 51 percent

February 12, 2009 09:35AM

Toll Brothers reported a first-quarter revenue of $409.3 million, a 51 percent drop year-over-year. The company’s net contracts for the first quarter were worth about $128 million, down 66 percent year-over-year. But the company said it has no debt maturities until 2011 and still has enough liquidity to make it through the down market.