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TOL_2004_AR
This 2004 annual report summarizes Toll Brothers' excellent financial performance in fiscal year 2004, with record levels of net income, revenues, sales contracts, and backlog. It also outlines Toll Brothers' strategy of focusing on the luxury home market, its strong national land position, and growth opportunities. The report expresses confidence that demand for luxury homes will remain strong due to favorable demographic trends, and that Toll Brothers is well positioned for continued growth and market share gains.
