Toll Brothers, Inc., a leading builder of luxury homes, has announced its financial results for the third quarter of FY 2025, ending July 31. The company reported a net income of $369.6 million, or $3.73 per diluted share, a slight decrease from the $374.6 million, or $3.60 per diluted share, reported in the same quarter of FY 2024. Pre-tax income also saw a minor decline, standing at $499.5 million compared to $503.6 million in the prior year. Home sales revenues for the quarter were $2.88 billion, marking a 6% increase from the $2.72 billion recorded in FY 2024's third quarter. The number of delivered homes rose by 5%, totaling 2,959 units. However, the net signed contract value remained flat at $2.41 billion, with contracted homes decreasing by 4% to 2,388 units. Toll Brothers ended the quarter with approximately 76,800 lots owned and optioned, a slight decrease from the 78,600 reported one quarter earlier but an increase from the 72,700 recorded one year earlier. The company invested approximately $432.7 million in land acquisitions, purchasing around 2,755 lots during the quarter. The number of selling communities stood at 420, a slight change from 421 in the previous quarter and an increase from 404 in the third quarter of FY 2024. The company's quarter-end backlog reached $6.38 billion, encompassing 5,492 units, compared to $7.07 billion and 6,769 units in the previous year.