Toll Brothers Doesn't See Ripples from Trump Moves So Far -- Market Talk

Dow Jones

2025/02/20

1450 ET - Luxury homebuilder Toll Brothers so far hasn't felt any aftershocks from moves under the Trump administration. "We have not seen any immediate supply chain impacts from tariffs or labor shortages due to changes in immigration policies," CEO Douglas Yearley Jr. says on an earnings call. He adds that the company hasn't seen any impact in Maryland or Northern Virginia amid moves by Elon Musk's Department of Government Efficiency that have resulted in layoffs and resignations. Shares are down 6.5% to $114.11 following lower sales and profit in 1Q. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

February 19, 2025 14:50 ET (19:50 GMT)

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He adds that the company hasn't seen any impact in Maryland or Northern Virginia amid moves by Elon Musk's Department of Government Efficiency that have resulted in layoffs and resignations. Shares are down 6.5% to $114.11 following lower sales and profit in 1Q. 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He adds that the company hasn't seen any impact in Maryland or Northern Virginia amid moves by Elon Musk's Department of Government Efficiency that have resulted in layoffs and resignations. Shares are down 6.5% to $114.11 following lower sales and profit in 1Q. 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He adds that the company hasn't seen any impact in Maryland or Northern Virginia amid moves by Elon Musk's Department of Government Efficiency that have resulted in layoffs and resignations. Shares are down 6.5% to $114.11 following lower sales and profit in 1Q. (denny.jacob@wsj.com; @pennedbyden) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2025 14:50 ET (19:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}