Analyst Report: Toll Brothers Inc.

Analyst Report: Toll Brothers Inc.

Summary

Toll Brothers is a leading builder of upscale homes, serving step-up, empty-nest, active-adult, and second-home buyers. The company delivered 9,597 homes in FY23. At the end of the fiscal year, the company operated 370 selling communities across 24 states. The company operates its own lumber distribution, component-assembly, and manufacturing operations. Toll also has subsidiaries that provide architectural, engineering, mortgage, title land development and golf course management services. TOL also operates a growing number of for-rent apartments. The company, which is based in Horsham, Pennsylvania, had fiscal FY23 home sales of $9

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