1444 ET - Toll Brothers is still reaping healthy gross margin despite a pullback in expected deliveries this year, Oppenheimer analyst Tyler Batory says in a research note. The average delivered price of one of its homes in 3Q was $974,000 and included about $207,000 spent on lot premiums, structural options and Design Studio upgrades, all of which is accretive to margins, CFO Martin Connor says on a call with analysts. The company's margin outperformance was spread evenly across products and regions thanks to greater efficiency in Toll's homebuilding operations, along with the more favorable mix of units sold, the CFO says. Shares rise 1.2%. (dean.seal@wsj.com)
(END) Dow Jones Newswires
August 20, 2025 14:44 ET (18:44 GMT)
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