Historic Toll Brothers.Toll Brothers, Inc. reported record second quarter and six month results for contracts, backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. and home building revenues for the period ended April 30, 2004. The company's contracts and backlog were the highest for any quarter in its history, and its home building revenues were a second quarter record. These results are preliminary. The Company will announce final results when it announces second quarter earnings on May 26. "We are very pleased with this quarter's results," said Robert I Robert I, duke of Normandy Robert I (Robert the Magnificent), d. 1035, duke of Normandy (1027–35); father of William the Conqueror. He is often identified with the legendary Robert the Devil. . Toll, chairman and chief executive officer. "We signed approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $1.6 billion of new home contracts, which was the highest quarter in our history and 73% ahead of last year's second quarter record. We delivered approximately $815 million of homes, which was 36% ahead of last year's second quarter record. "And our backlog of approximately $3.7 billion, also the highest in our history, was up 69% over last year's second quarter record." |
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