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Toll Brothers fiscal year ends on October 31st.
We do not currently have a plan in place to sell stock directly to the public. From time to time, Toll Brothers reviews various plans for direct stock purchase. If a decision were made to launch such a program, the Company would publicize it and shareholders likely would find such information on our website.
The Company's Board of Directors approved the initiation of a quarterly cash dividend to shareholders. The first dividend of $0.08 per share was paid on April 28, 2017 to shareholders of record on the close of business on April 14, 2017. Toll Brothers does not offer a dividend reinvestment program at this time.
Yes. Toll Brothers has a mailing list for financial information. Also, for your convenience, the Investor Relations Department has made recent financial statements and all press releases available on our website. To add your name to our IR mailing list, you can fill out the "Investor Information Request" located on the Investor Relations page.
American Stock Transfer and Trust Company
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Below is a history of Toll Brothers' stock splits. Toll Brothers trades on the New York Stock Exchange and the Pacific Exchange. Our Initial Public Offering (IPO) was July 8, 1986, at $12.50/share (approximately $1.04/share today, on a split-adjusted basis).
|Initial Public Offering||07/08/86||$12.50|
*Closing price on the New York Stock Exchange.
Toll Brothers, Inc. is listed under SIC Code #1531.
To calculate the Wall Street Consensus, approximately twenty Wall Street analysts submit their quarterly earnings estimates to Thomson Reuters I/B/E/S, Zacks, First Call and other reporting agencies. As policy, we do not endorse these estimates. Information regarding current consensus estimates can be found on various Internet sites, such as Marketwatch.com.
The Company provides financial guidance in its quarter earnings conference call. This information is posted on our website and is also filed with the SEC.
Toll Brothers is included in over 60 indices, among them are the S&P Mid Cap 400, the Russell 1000 and the Philadelphia Housing Index.
The CUSIP number for Toll Brothers' common stock is 889478103.
Toll Brothers was incorporated in May 1986 and is a Delaware corporation. Prior to that time, the company operated through predecessor entities beginning in 1967. Brothers Robert I. Toll (Executive Chairman of the Board) and Bruce E. Toll co-founded the Company's predecessor operations in 1967. The Company went public in July 1986.
At October 31, 2017 Toll Brothers had 4,500 full time employees nationwide.
As of December 15, 2017 there were 153,173,000 shares of common stock outstanding.
Toll Brothers, Inc. is the nation's leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol "TOL". The Company serves move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. It operates in 22 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, Utah, Virginia, and Washington. The Company also operates in the District of Columbia.
Toll Brothers builds luxury single-family detached and attached home communities, master planned luxury residential resort-style golf communities and urban low-, mid- and high-rise communities, principally on land it develops and improves. The Company acquires and develops commercial and apartment properties through Toll Brothers Apartment Living, Toll Brothers Campus Living, and the affiliated Toll Brothers Realty Trust, and develops urban low-, mid-, and high-rise for-sale condominiums through Toll Brothers City Living. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management and landscape subsidiaries. The Company also operates its own lumber distribution, and house component assembly and manufacturing operations. Through its Gibraltar Real Estate Capital joint venture, the Company provides builders and developers with land banking, non-recourse debt and equity capital.
In 2018, Toll Brothers was named World's Most Admired Home Building Company in Fortune magazine's survey of the World's Most Admired Companies, the fourth year in a row it has been so honored. Toll Brothers was named 2014 Builder of the Year by Builder magazine, and is honored to have been awarded Builder of the Year in 2012 by Professional Builder magazine, making it the first two-time recipient. Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company sponsors the Toll Brothers Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world. For more information, www.tollbrothers.com.
Toll Brothers, Inc. currently operates in the following markets:
The Company continues to explore additional geographic areas for expansion.
The following table lists the states in which the Company operates and the fiscal years in which the Company commenced operations:
|State||Fiscal Year of Entry|
Toll Brothers has made nine acquisitions: Geoffrey H. Edmunds in Scottsdale, Arizona (1995), Coleman Homes' Las Vegas Division (1998), Silverman Homes in metro Detroit (1999), Richard R. Dostie (2003) and The Manhattan Building Company (2003) in northern New Jersey, the central Florida Division of Landstar Homes (2005), CamWest Development LLC in Seattle, Washington (2011), Shapell Industries, Inc. in California (2014), and Coleman Homes in Boise, Idaho (2016).
Toll Brothers' independent registered public accounting firm is Ernst & Young LLP (Philadelphia, Pennsylvania).
$288,000,000 of exchangeable senior notes at 0.5% callable September 2017*.
$400,000,000 of senior notes at 8.91% due October 2017.
$350,000,000 of senior notes at 4.00% due December 2018.
$250,000,000 of senior notes at 6.75% due November 2019.
$420,000,000 of senior notes at 5.875% due February 2022.
$400,000,000 of senior notes at 4.375% due April 2023.
$250,000,000 of senior notes at 5.625% due January 2024.
$350,000,000 of senior notes at 4.875% due November 2025.
$450,000,000 of senior notes at 4.875% due March 2027.
$400,000,000 of senior notes at 4.350% due February 2028.
The Bank of New York Mellon
227 W. Monroe Street
Chicago, IL 60606