3rd_qtr_2003

Toll Brothers reported record third quarter results for 2003, with earnings per share increasing 29% year-over-year to $0.90. Net income rose 27% to a record $68.2 million, while revenues increased 19% to a record $693.7 million. Contracts and backlog both reached all-time highs, with contracts up 35% to $952.7 million and backlog growing 31% to $2.49 billion. For the nine-month period, earnings per share increased 12% to a record $2.23, and net income rose 11% to a record $166.4 million. Toll Brothers expects continued strong growth in fiscal 2004 and beyond, supported by expanding land