Company Profile For Toll Brothers, Inc.

Toll Brothers, Inc. is engaged in designing, building, marketing and arranging finance for single-family detached and attached homes in luxury residential communities. The Company is also involved, directly and through joint ventures, in projects where it is building, or converting existing rental apartment buildings into high-, mid- and low-rise luxury homes. The Company caters to the move-up, empty-nester, active-adult, age-qualified and second-home buyers in 21 states of the United States. During the fiscal year ended October 31, 2008 (fiscal 2008), the Company delivered 4,831 homes from 370 communities. The Company operates its own land development, architectural, engineering, mortgage, title, landscaping, lumber distribution, house component assembly, and manufacturing operations. It also develops, owns and operates golf courses and clubs.

BRIEF: For the nine months ended 31 July 2009, Toll Brothers, Inc.'s revenues decreased 48% to $1.27B. Net loss totaled $644.4M, up from $219M. Revenues reflect a decrease in income due to lower number of homes delivered and an increase in incentives given on homes delivered. Higher loss reflects presence of expenses related to early retirement of debt and higher selling, general and administrative expenses as a percentage of revenues.