Toll Brothers expects 20% growth in 2022
Toll Brothers expects 20% gr...
Subscribe to Newsletter

Toll Brothers expects 20% growth in 2022

8 December 2021
3358
1 min.
2
Toll Brothers expects 20% growth in 2022

High demand

The Toll Brothers announced that their budget revenue for 2022 will increase by 20% as demand grows.

Luxury construction company Toll Brothers announced on Tuesday that $3.02 adjusted quarterly earnings of 1 per share and beating expectations $2.49.

Revenue for the quarter increased 18.2% compared to the same period last year, to USD 2.95 bln also exceeded the expected USD 2.88 bln.

Douglas C. Yearley, CEO of Toll Brothers, said: "We are pleased with our performance in Q4, a special year in which the balance of revenue, profit, contract and orders reached record levels."

The company said it expects to deliver 11,250-12,000 units for the full year, with an average delivery price of USD 875,000-895,000.

During fiscal 2021, it built 9,986 units and collected 8.43 home sales.

"Demand remains at very high levels. The housing market continues to benefit from strong fundamentals, including favorable demographics, potential demand due to a shortage of new homes that lasted more than 10 years, low mortgage rates, a challenging resale market, and ongoing lifestyle changes among Americans," Yearley added. "We believe these trends will continue to create strong demand for our first community, our new community, and our active adult community," he said.

However, it should be noted that Toll Brothers shares are up 63% this year.

Persons1 and Companies1 in the news

Chairman and Chief Executive Officer of Toll Brothers
1 place
Toll Brothers
1 place
Section:
Rating companies
Netflix
18 Mention
Instagram
15 Mention
X (Twitter)
11 Mention
Tesla
11 Mention
Amazon
8 Mention
TikTok
8 Mention
White House
7 Mention
JP Morgan Chase
7 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8158456318
Died this year
45635728
Born this year
112271968