Toll Brothers (TOL) Keeps Building Contracts As Profits Take A Hit

Toll Brothers released fiscal third-quarter results on August 18 that revealed contrasting trends in the homebuilder’s performance. While the company generated $280.1 million in net income, or $2.97 per diluted share, this represented a decline from $369.6 million and $3.73 per share in the prior-year period. Signed contracts, however, moved in the opposite direction, reaching $2.52 billion and covering 2,508 homes, compared with $2.41 billion and 2,388 homes a year earlier.
The company e