Toll Brothers saw its best quarter ever for contract value — but the luxury homebuilder’s profits missed expectations, in part due to higher labor and material costs. Net income for the quarter was $111.8 million, or 72 cents a share, the company said in a statement Tuesday. That’s down from $124.6 million a year ago. “All product types and regions are expected to show margin growth” in the next two quarters, CFO Martin Connor said […]
source https://therealdeal.com/2018/05/22/toll-brothers-sees-record-contract-value-in-q2-but-costs-are-soaring/
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