Toll Brothers Fourth Quarter 2012 Numbers | ||
Quarter Four | Fiscal Year | |
Profit/(Loss) | $411.4M +2.635% | $487.1M +1,124% |
Home Deliveries | 1,088 +44% | 3,286 +26% |
New Orders | 1,098 +70.5% | 4,159 +49.4% |
Behind the Numbers:
A $350.7 million tax benefit artificially inflated Toll’s bottom line in the fourth quarter. However, even after taking that away, the Horsham, Penn.–based builder’s quarterly profit was still an impressive $60.7 million, four times greater than the same quarter in 2011. Toll’s deliveries and sales numbers also told a story of success for both its fourth quarter and its fiscal year, which ended Oct. 31.
