Nothing Goes Right At Toll Brothers (TOL)
Things are getting worse at Toll Brothers (NYSE: TOL) For fiscal 2008’s first quarter ending January 31, home building revenues of approximately $842.7 million declined 22% compared to the same period a year ago. Gross signed contracts for the quarter…
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Things are getting worse at Toll Brothers (NYSE: TOL) For fiscal 2008’s first quarter ending January 31, home building revenues of approximately $842.7 million declined 22% compared to the same period a year ago.
Gross signed contracts for the quarter of approximately $573.2 million and 904 homes declined 46% and 38% compared with last year. The average price per unit of gross contracts signed in the first quarter was $634,000, compared to $730,000 a year ago.
Robert I. Toll, chairman and chief executive officer, stated: “The housing market remains very weak in most areas. Based on current traffic and deposits, we are not yet seeing much light at the end of the tunnel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
