Toll Brothers
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| Toll Brothers | |
|---|---|
| Type | Public (NYSE: TOL) |
| Founded | 1967 |
| Headquarters | Horsham, Pennsylvania United States |
| Key people | Robert I Toll, Chairman, CEO Zvi Barzilay, COO Bruce E Toll, Vice Chairman Joel H Rassman, CFO |
| Products | Homes |
| Revenue | $4.65 billion USD (2007) |
| Employees | 4,329 (2007) |
| Website | www.tollbrothers.com |
Toll Brothers NYSE: TOL is a Horsham, Pennsylvania based company and the largest builder of luxury homes and luxury communities in the United States.[citation needed]
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[edit] Company Perspectives
Toll Brothers Inc. is a leading U.S. homebuilder, constructing some 7,000 homes annually. Most are single-family luxury residences. Toll is distinguished in its industry by a long record of profitability and revenue growth from building in the Mid-Atlantic. Subsidiaries produce homebuilding supplies such as lumber products and offer a variety of consumer services ranging from insurance to cable television. Toll is active in about 400 communities in 22 states and is strongest in the Mid-Atlantic.
Toll Brothers, a FORTUNE 500 Company, is the only publicly traded national home building company to have won all three of the industry's highest honors: America's Best Builder from the National Association of Home Builders, the National Housing Quality Award, and Builder of the Year. Toll Brothers claims to support the communities in which it builds; among other philanthropic pursuits, the Company sponsors the Toll Brothers - Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world.
[edit] Key Dates
1967: The business is formed in Pennsylvania by Robert I. Toll and Bruce E. Toll.
1979: Annual revenues approach $50 million.
1982: Toll Brothers expands to New Jersey.
1986: A public offering raises $40 million.
1995: Geoffrey H. Edmunds & Associates is acquired, and the company expands into the Sunbelt.
1999: Detroit's Silverman Companies is acquired.
2003: Jacksonville, Florida-based Richard R. Dostie, Inc., and The Manhattan Building Company are acquired.
[edit] Markets
Toll Brothers operates in the following states:
- Arizona
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Illinois
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Nevada
- New Jersey
- New York
- North Carolina
- Pennsylvania
- Rhode Island
- South Carolina
- Texas
- Virginia
- West Virginia
[edit] Principal Subsidiaries
TBI Mortgage; Westminster Insurance Agency, Inc.; Westminster Title Company, Inc.; Toll Integrated Services (TIS); Toll Landscape; and Eastern States Engineering (ESE)
[edit] Principal Competitors
Companies often competing in the same markets as Toll Brothers include Centex, D.R. Horton, KB Home, Lennar Corporation, Pulte Homes, and Ryland Group Inc.
