Toll Brothers, Inc. (NYSE:TOL) Files An 8-K Results of Operations and Financial ConditionItem 9.01. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On December5, 2017, Toll Brothers, Inc. (the "Company") issued a press release which contained Toll Brothers, Inc.’s results of operations for its twelve-month and three-month periods ended October31, 2017, a copy of which release is attached hereto as Exhibit 99.1 to this report. The press release attached and released to the public on December 5, 2017 contains a typographical error on page 5. The press release stated "The Company expects its full FY 2018 Adjusted Gross Margin to be between 23.75% and 24.75% of revenues. FY 2018 first quarter Adjusted Gross Margin is projected to be approximately 23.3%." The range of rates given for FY2018 Adjusted Gross Margin should have read "23.75% and 24.25%." The range of rates presented on page 2 and 3 are correct. The Company has posted the press release with the corrected percentage on its website.
The information hereunder shall not be deemed to be “filed” for the purposes of Section18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d). Exhibits
The following Exhibits are furnished as part of this Current Report on Form 8-K:
Exhibit
No.Item
* Filed electronically herewith
TOLL BROTHERS INC ExhibitEX-99.1 2 tol-10312017x8kexh991.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1FOR IMMEDIATE RELEASECONTACT: Frederick N. Cooper (215) 938-8312December 5,…To view the full exhibit click here
About Toll Brothers, Inc. (NYSE:TOL)
Toll Brothers, Inc. designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The Company caters to move-up, empty nester, active-adult, age-qualified and second-home buyers in the United States (Traditional Home Building Product). The Company operates in two segments: traditional home building and urban infill. Within traditional home building, it operates in approximately five geographic segments around the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California. It also builds and sells homes in urban infill markets through Toll Brothers City Living (City Living). As of October 31, 2015, it was operating in approximately 20 states.