Toll Brothers sees FY18 deliveries between 7,800-8,600 units
Full FY 2018 deliveries of between 7,800 and 8,600 units with an average price of between $820,000 and $860,000; second-quarter deliveries of between 1,825 and 1,925 units with an average price of between $825,000 and $850,000. FY Adjusted Gross Margin of between 23.75% and 24.25% of revenues; second-quarter Adjusted Gross Margin of 22.8%. FY SG&A, as a percentage of FY revenues, of approximately 10.0%; second-quarter SG&A, as a percentage of second quarter revenues, of approximately 10.6%. FY Other income and Income from unconsolidated entities of between $130 million and $170 million, with approximately $15 million in the second quarter. FY tax rate of between 23% and 25%; second quarter tax rate of approximately 27.5%.