2nd_Qtr_Report_2005finance50Toll Brothers reported record results for the second quarter of fiscal year 2005, with net income rising 135% over the second quarter of 2004. Revenues rose 52% to $1.25 billion, contracts rose 38% to $2.20 billion, and backlog rose 57% to a record $5.87 billion. The company expects net income to grow approximately 70% in fiscal year 2005 over 2004 and approximately 20% in fiscal year 2006 over 2005. Toll Brothers is increasing its land holdings and home sites to support continued growth.
ustr_Q205_debttocapfinance50United Stationers Inc. reported a reconciliation of non-GAAP financial measures for debt to total capitalization as of June 30, 2005 and 2004. Total debt and securitization, considered adjusted debt, increased from $154 million to $235.3 million from 2004 to 2005 primarily due to a $91 million increase in accounts receivable sold. Adjusted debt as a percentage of total capitalization increased from 18.2% to 23.1% over this period.
1Q2008_adjustedEPSfinance50United Stationers Inc. reported sales of $1.252.5 million for the first quarter of 2008, an increase from $1.193.3 million in the same period of 2007. Gross profit was $184.3 million or 14.7% of sales for the first quarter of 2008, compared to $180 million or 15.1% of sales in 2007. Operating income was $44.4 million or 3.5% of sales for the first quarter of 2008, excluding a 2007 restructuring charge, compared to adjusted operating income of $52.3 million or 4.4% of sales for the same period in 2007. Adjusted diluted earnings per share was $0.88 for the first quarter of
TOL_2004_3rd_qtr_reportfinance50- Third quarter 2004 was the best quarter in Toll Brothers' history for key financial metrics like net income, earnings per share, revenues, contracts, and backlog. Net income rose 56% and earnings per share rose 46% compared to the prior year quarter.
- Demand for luxury homes remained strong throughout 2004 and Toll Brothers expects continued growth, projecting approximately 30% net income growth in fiscal year 2005 and 20% revenue and net income growth in fiscal year 2006.
- Studies project strong demand for new homes over the next 10 years, ranging from 1.85 to 2.17 million units annually, while constraints on land supply are expected to result in shortages, particularly in affluent markets. Toll Brothers owns
Q305_adjustedcashflowfinance50United Stationers Inc. provided a reconciliation of non-GAAP financial measures for adjusted cash flow for the nine months ended September 30, 2005 and 2004. Net cash provided by operating activities was $188 million in 2005 and $43 million in 2004, excluding the effects of changes in accounts receivable sold of $57 million in 2005 and $44 million in 2004. Net cash used in financing activities was $43 million in 2005 and $38 million in 2004, including the effects of changes in accounts receivable sold.
nominatingfinance50The document outlines the charter of Toll Brothers, Inc.'s Nominating and Corporate Governance Committee. The committee is responsible for identifying and selecting director nominees, developing corporate governance guidelines, and providing an annual evaluation report. It will select nominees based on statutory requirements and NYSE rules, evaluate board size and composition, recommend compensation for directors, and adopt governance procedures. The committee has sole authority to retain advisors and will annually review its own performance.
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