- Posted at 6:32, December 10, 2013
- By Russ Bleemer
Luxury home/community developer Toll Brothers Inc., of Horsham, Pa., has posted its earnings this morning.
The firm ended its fiscal 2013 at the end of October. "With revenues and contracts up over 40%, backlog up over 50% and operating income up over 200%, FY 2013 was an excellent year for Toll Brothers," said CEO Douglas C. Yearley Jr. in a statement.
Six weeks into its own version of 2014, the company says it is off to a slow start, but only because last year, Superstorm Sandy pushed contracts in late October 2012 into November, which got last year off to a faster start.
You can read the fine print on the company, which had fourth-quarter net income of nearly $95 million on revenue and home building deliveries of $1.04 billion HERE.