Toll Brothers Q4 Revenues, Units Rise - Quick Facts

(RTTNews) - Luxury home builder Toll Brothers, Inc. (TOL) Monday said fourth-quarter total revenues climbed to $1.350 billion from last year's $1.045 billion, and units increased to 1,807 from 1,485.

On average, 20 analysts polled by Thomson Reuters look for total revenues of $1.31 billion for the quarter.

The average price of homes delivered rose to $747,000 from $732,000 in the preceding third quarter and $703,000 in last year's fourth quarter.

Net signed contracts were $970.2 million, compared to $839.0 million last year.

Douglas Yearley, Jr., Toll Brothers' CEO, said, "For the first time in four quarters, our contracts were up in both dollars and units compared to the prior year's same period. We also saw solid growth in our traffic and deposits. We are pleased with our strong finish to FY 2014 and, given the fourth quarter's improvement in demand, begin FY 2015 with optimism."