Toll Brothers, Inc., the nation's leading builder of luxury homes, has released its financial results for the first quarter of FY 2025, ending January 31, 2025. The company reported a decline in net income and earnings per share compared to the same period last year, alongside a slight decrease in home sales revenues. Financial Highlights For the first quarter of FY 2025, Toll Brothers reported: Business and Operational Highlights During the first quarter, Toll Brothers delivered 1,991 homes at an average price of approximately $925,000, generating home sales revenues of $1.84 billion. The company also signed 2,307 net contracts worth $2.31 billion, reflecting a 13% increase in units and a 12% increase in dollar value compared to the previous year. Despite the decline in net income and earnings per share, the company saw a rise in net signed contracts and maintained a strong backlog value.