Toll Brothers posts $411M fourth quarter profit

Building off recent momentum, Pennsylvania-based builder Toll Brothers saw a $411.1 million profit in the fourth quarter, up a whopping 2,641 percent over the same period in 2011, HousingWire reported. The gain comes as new home contract signings soared year-over-year and the company nabbed a one-time tax benefit to the tune of $350 million.

The fourth quarter profit this year marks a significant jump from last year. The company last year posted a $15 million profit in the fourth quarter. There was also an increase in the amount of homes built in the fourth quarter — a total of 1,088, up 44 percent year-over-year. And with that comes contracts signed, which also saw a year-over-year gain of 75 percent, worth a total of $684.1 million.

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The fiscal year brought the company a total profit of $487.1 million — a jump from last year’s net profit of $39.8 million. The difference is due primarily to the tax benefit, HousingWire said. The company also built a total of 3,286 homes in the fiscal year. [HousingWire]Zachary Kussin

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Toll Brothers posts $411M fourth quarter profit

Building off recent momentum, Pennsylvania-based builder Toll Brothers saw a $411.1 million profit in the fourth quarter, up a whopping 2,641 percent over the same period in 2011, HousingWire reported. The gain comes as new home contract signings soared year-over-year and the company nabbed a one-time tax benefit to the tune of $350 million.

The fourth quarter profit this year marks a significant jump from last year. The company last year posted a $15 million profit in the fourth quarter. There was also an increase in the amount of homes built in the fourth quarter — a total of 1,088, up 44 percent year-over-year. And with that comes contracts signed, which also saw a year-over-year gain of 75 percent, worth a total of $684.1 million.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

The fiscal year brought the company a total profit of $487.1 million — a jump from last year’s net profit of $39.8 million. The difference is due primarily to the tax benefit, HousingWire said. The company also built a total of 3,286 homes in the fiscal year. [HousingWire]Zachary Kussin

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