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Toll Brothers Q1 Profit Rises 19% on Land Sales

WSJ.com: US Business •
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Toll Brothers reported first-quarter revenue climbed to $2.6 billion, driven by higher land sales and strong demand in its luxury homebuilding segment. The company's quarterly profit reached $210.9 million, up from $177.7 million a year earlier, marking a 19% increase in earnings.

This growth comes as the Philadelphia-based homebuilder benefits from a strategic focus on land acquisitions and development. The company has been actively purchasing land parcels in key markets, positioning itself to capitalize on ongoing housing demand despite broader economic uncertainties.

The results reflect Toll Brothers' ability to navigate a challenging housing market through premium positioning and operational efficiency. With luxury home demand remaining resilient and land values appreciating, the company's performance suggests continued momentum in its core markets.