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a99bet A late-game rally derailed by a missed field goal and Cowboys stun Commanders 34-26Jammu and Kashmir Police on Sunday said five cases have been registered here against local landlords for providing properties to the Rohingya refugees, who are “undocumented and pose a potential security threat”. The police termed the action as a “significant step” to curb the illegal influx of Rohingya refugees and to ensure public safety. “Jammu Police has identified several instances and likewise registered cases against landlords who have knowingly or unknowingly rented their properties to Rohingya refugees, who are undocumented and pose a potential security threat,” the police said in a statement here. “The District Commissioner of Jammu has issued an order making police verification of tenants mandatory for all property owners in the district. This directive comes in light of increasing concerns regarding the potential threat posed by anti-social elements and unauthorized individuals who may use rented properties for illegal activities,” the statement added. The police said it has initiated a comprehensive investigation in this regard and two such cases, both under section 223 of BNS (disobedience to order duly promulgated by public servant), have been registered in the Nowabad Police Station against Farman Ali of Jammu and Azam Malik of Srinagar, respectively. Three more cases, all under section 223 of BNS, have also been registered in the Bahu Fort Police Station against Asima Latief, Mohd Shakeel and Zakir Hussain – all residents of Bathindi area of Jammu, the statement said. The police said it remains committed to safeguarding the interests of the public and urges all landlords to exercise due diligence and conduct a thorough police verification of tenants before renting out their properties.

MT. STERLING, Ohio , Dec. 20, 2024 /PRNewswire/ -- WillowWood, a global leader in prosthetic solutions, is proud to announce its receipt of the prestigious Gold Anthem Award Honor in the Product and Innovation category for its 2024 rebrand. The award recognizes the transformative collaboration with DD.NYC that has redefined WillowWood's visual identity, emphasizing its mission to improve mobility, push the forefront of the prosthetic industry, and enhance the quality of life for individuals worldwide. The Anthem Awards is the largest and most comprehensive social impact award, recognizing work across five areas of impact including Awareness, Fundraising, Community Engagement, Product, Innovation & Service, and Team & Internal Initiatives, for seven causes: Diversity Equity & Inclusion, Education Art & Culture, Health, Human & Civil Rights, Humanitarian Action & Services, Responsible Technology, and Sustainability Climate & Environment. By amplifying the voices that spark global change, the Anthem Awards are defining a new benchmark for impactful work that inspires others to take action in their own communities. With over 2,300 submissions from 44 countries around the world, 10,000+ reviews from jurors, and over 33,000 supporters in the Anthem Community Voice, the 4th Annual Anthem Award Winners were announced on November 19, 2024 . WillowWood's rebrand stood out among this global competition, showcasing an unwavering commitment to empowering prosthetic users through advanced technology and compassionate care. "This recognition is a testament to the heart and soul of WillowWood's mission and DD.NYC's commitment to reimagining brands in a way that stays true to that heart and soul," said Mahesh Mansukhani , CEO of WillowWood. "Our partnership with Digital Design NYC allowed us to craft a brand identity that not only honors our legacy but also propels us into the future. The rebrand reflects our promise to provide innovative prosthetic solutions that enhance mobility and transform lives." The creative process was a seamless collaboration between WillowWood and DD.NYC. Together, the teams developed a rebrand strategy that blends contemporary design elements with an innovation-centered focus. Key features include a revitalized logo, a cohesive color palette inspired by movement and vitality, and a redesigned website offering an intuitive user experience for clinicians and prosthetic users alike. "From the outset, we sought to encapsulate the essence of WillowWood's dedication to improving lives through innovation," said Anjelika Kour , Creative Director at DD.NYC. "The resulting rebrand is both striking and meaningful, capturing the spirit of mobility and resilience that defines WillowWood." The Gold Anthem Award underscores the significant impact of WillowWood's reimagined brand, resonating with both the prosthetics community and broader audiences. As a leader in the industry, WillowWood continues to champion inclusivity, innovation, and hope. To explore the award-winning rebrand and learn more about WillowWood's mission and products, visit willowwood.com . To learn more about the many industry-changing projects and services of DD.NYC, visit dd.nyc . About WillowWood: Based in Mount Sterling, Ohio , WillowWood Global is an industry leading designer, manufacturer, and distributor of prosthetic products, including liners, feet, vacuum systems and components. Recognized for its products' superior innovation, quality, and patient outcomes, WillowWood's portfolio includes the Alpha ® family of liners, including the first myoelectric Alpha ® Control Liner, the META ® family of feet, the LimbLogic ® vacuum system, and now the XtremityTT ® socket system. For over 117 years, WillowWood's prosthetic products have helped individuals with limb loss find comfort and functionality, remain active and live life to the fullest. About DD.NYC: DD.NYC® is an award-winning Manhattan -based creative agency specializing in branding, web design, packaging, and video storytelling. Since its founding in 2015, the agency has been recognized for its innovative approach and adaptability across industries, with a strong focus on the medical and healthcare sectors. About The Anthem Awards: Launched in 2021 by The Webby Awards, The Anthem Awards honors the purpose & mission-driven work of people, companies and organizations worldwide. By amplifying the voices that spark global change, we're defining a new benchmark for impactful work that inspires others to take action in their own communities. The Anthem Awards honors work across seven core causes: Diversity; Equity & Inclusion; Education; Art & Culture; Health; Human & Civil Rights; Humanitarian Action & Services; Responsible Technology; and Sustainability, Environment & Climate. This season's partners include Ms. Magazine, The Female Quotient, Sustainable Brands, NationSwell, and TheFutureParty. The Awards were founded in partnership with the Ad Council, Born This Way Foundation, Feeding America, Glaad, Mozilla, NAACP, NRDC, WWF, and XQ. About The Webby Awards: Hailed as the "Internet's highest honor" by The New York Times , The Webby Awards is the leading international awards organization honoring excellence on the Internet, including Websites and Mobile Sites; Video; Advertising; Media & PR; Apps & Software; Social; Podcasts; Games and AI, Metaverse & Virtual. Established in 1996, The Webby Awards received nearly 13,000 entries from all 50 states and over 70 countries worldwide this year. The Webby Awards are presented by the International Academy of Digital Arts and Sciences (IADAS). Sponsors and Partners of The Webby Awards include WP Engine, LinkedIn, Meltwater, NAACP, KPMG, Wall Street Journal, Vox Media, Deadline, AdAge, TechCrunch, The Hollywood Reporter, The Hustle, Morning Brew, Passionfruit, Embedded, Link in Bio, Creator Economy NYC, Creator Spotlight, AIGA, Vote Save America, and The Publish Press. Media contact: Marketing@willowwood.com View original content to download multimedia: https://www.prnewswire.com/news-releases/willowwood-rebrand-by-ddnyc-wins-gold-anthem-award-for-product-and-innovation-in-2024-rebrand-302337766.html SOURCE WillowWood Global

Varo Bank Introduces Zero Fee Cash Deposits at Participating CVS Locations

FORT WASHINGTON, Pa., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. TOL (TollBrothers.com), the nation's leading builder of luxury homes, today announced results for its fourth quarter ended October 31, 2024. FY 2024 's Fourth Quarter Financial Highlights (Compared to FY 2023 ' s Fourth Quarter): Net income and earnings per share were $475.4 million and $4.63 per diluted share, compared to net income of $445.5 million and $4.11 per diluted share in FY 2023's fourth quarter. Pre-tax income was $621.1 million, compared to $605.0 million in FY 2023's fourth quarter. Home sales revenues were $3.26 billion, up 10% compared to FY 2023's fourth quarter; delivered homes were 3,431, up 25%. Net signed contract value was $2.66 billion, up 32% compared to FY 2023's fourth quarter; contracted homes were 2,658, up 30%. Backlog value was $6.47 billion at fourth quarter end, down 7% compared to FY 2023's fourth quarter; homes in backlog were 5,996, down 9%. Home sales gross margin was 26.0%, compared to FY 2023's fourth quarter home sales gross margin of 27.5%. Adjusted home sales gross margin, which excludes interest and inventory write-downs, was 27.9%, compared to FY 2023's fourth quarter adjusted home sales gross margin of 29.1%. SG&A, as a percentage of home sales revenues, was 8.3%, compared to 8.2% in FY 2023's fourth quarter. Income from operations was $611.1 million. Other income, income from unconsolidated entities, and gross margin from land sales and other was $44.5 million. The Company repurchased approximately 1.3 million shares at an average price of $150.19 per share for a total purchase price of $200.9 million. Full FY 2024 Financial Highlights (Compared to Full FY 2023 ): Net income was $1.57 billion, and earnings per share were $15.01 diluted, compared to net income of $1.37 billion and $12.36 per share diluted in FY 2023. Net income and earnings per share included $124.1 million and $1.19, respectively, related to the sale of a parcel of land to a commercial developer in our second quarter. Excluding this gain, net income and earnings per share were $1.45 billion and $13.82 per diluted share in FY 2024. Pre-tax income was $2.09 billion, compared to $1.84 billion in FY 2023. Home sales revenues were $10.56 billion, up 7% compared to FY 2023; delivered homes were 10,813, up 13%. Net signed contract value was $10.07 billion, up 27% compared to FY 2023; contracted homes were 10,231, up 27%. Home sales gross margin was 26.6%, compared to FY 2023's home sales gross margin of 26.9%. Adjusted home sales gross margin, which excludes interest and inventory write-downs, was 28.4%, compared to FY 2023's adjusted home sales gross margin of 28.7%. SG&A, as a percentage of home sales revenues, was 9.3%, compared to 9.2% in FY 2023. Income from operations was $2.04 billion. Other income, income from unconsolidated entities, and gross margin from land sales and other was $258.0 million. The Company repurchased approximately 4.9 million shares at an average price of $127.79 per share for a total purchase price of $627.9 million Douglas C. Yearley, Jr., chairman and chief executive officer, stated: "I am very pleased with our fourth quarter results, which cap the strongest year ever for Toll Brothers. For the full year, we generated a record $10.6 billion of home sales revenue, earned $15.01 per diluted share and grew contracts by 27% in both units and dollars. In the fourth quarter, we delivered 3,431 homes and generated $3.3 billion in home sales revenues, up 25% in units and 10% in dollars compared to last year's fourth quarter. Our fourth quarter adjusted gross margin was 27.9%, beating guidance by 40 basis points, and our SG&A expense was 8.3% of home sales revenues, or 30 basis points better than guidance. Our strong margin performance and better than projected home sales revenues drove earnings of $4.63 per diluted share in the quarter, up 13% compared to last year. We also signed 2,658 net contracts at an average price of $1,000,000, up 30% in units and 32% in dollars compared to last year's fourth quarter. Our performance this year and in the fourth quarter demonstrates the power of our luxury brand, the financial strength of our buyers, and the success of our strategies of increasing our spec home production and widening our geographies, price points and product lines. "Since the start of our fiscal 2025 six weeks ago we have seen strong demand, which is encouraging as we approach the beginning of the spring selling season in mid-January. We are well positioned with communities in over 60 markets across 24 states featuring the widest offering of luxury homes and serving the most affluent customers in our industry. Last year, we increased community count by 10% and are targeting a similar increase in fiscal 2025. We also owned or controlled approximately 74,700 lots at year end, providing sufficient land for further growth in fiscal 2026 and beyond. "In fiscal 2024, we generated a return on beginning equity of 23.1%, driven by our record earnings and strong cash flows that allowed us to return approximately $720 million of capital to shareholders. Our healthy balance sheet, low leverage, and ample liquidity, including significant projected cash flows from operations in fiscal 2025, should allow us to continue investing in our business while returning cash to shareholders well into the future." First Quarter and FY 2025 Financial Guidance: First Quarter Full Fiscal Year Deliveries 1,900 - 2,100 units 11,200 - 11,600 units Average Delivered Price per Home $925,000 - $945,000 $945,000 - $965,000 Adjusted Home Sales Gross Margin 26.25 % 27.25 % SG&A, as a Percentage of Home Sales Revenues 12.7 % 9.4% - 9.5 % Period-End Community Count 410 440 - 450 Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other $33 million $110 million Tax Rate 22.0 % 25.5 % Financial Highlights for the three months ended October 31, 2024 and 2023 (unaudited): 2024 2023 Net Income $475.4 million, or $4.63 per share diluted $445.5 million, or $4.11 per share diluted Pre-Tax Income $621.1 million $605.0 million Pre-Tax Inventory Impairments included in Home Sales Costs of Revenues $24.1 million $8.3 million Home Sales Revenues $3.26 billion and 3,431 units $2.95 billion and 2,755 units Net Signed Contracts $2.66 billion and 2,658 units $2.01 billion and 2,038 units Net Signed Contracts per Community 6.5 units 5.7 units Quarter-End Backlog $6.47 billion and 5,996 units $6.95 billion and 6,578 units Average Price per Home in Backlog $1,078,700 $1,055,800 Home Sales Gross Margin 26.0 % 27.5 % Adjusted Home Sales Gross Margin 27.9 % 29.1 % Interest Included in Home Sales Cost of Revenues, as a percentage of Home Sales Revenues 1.2 % 1.4 % SG&A, as a percentage of Home Sales Revenues 8.3 % 8.2 % Income from Operations $611.1 million, or 18.3% of total revenues $558.6 million, or 18.5% of total revenues Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other $44.5 million $36.0 million Pre-Tax Land and Other Impairments included in Land Sales and Other Costs of Revenues $— million $12.9 million Quarterly Cancellations as a Percentage of Beginning-Quarter Backlog 2.5 % 3.4 % Quarterly Cancellations as a Percentage of Signed Contracts in Quarter 5.9 % 10.8 % Financial Highlights for the twelve months ended October 31, 2024 and 2023 (unaudited): 2024 2023 Net Income $1.57 billion, or $15.01 per share diluted $1.37 billion, or $12.36 per share diluted Pre-Tax Income $2.09 billion $1.84 billion Pre-Tax Inventory Impairments included in Home Sales Costs of Revenues $59.4 million $30.7 million Home Sales Revenues $10.56 billion and 10,813 units $9.87 billion and 9,597 units Net Signed Contracts $10.07 billion and 10,231 units $7.91 billion and 8,077 units Home Sales Gross Margin 26.6 % 26.9 % Adjusted Home Sales Gross Margin 28.4 % 28.7 % Interest Included in Home Sales Cost of Revenues, as a percentage of Home Sales Revenues 1.2 % 1.4 % SG&A, as a percentage of Home Sales Revenues 9.3 % 9.2 % Income from Operations $2.04 billion, or 18.8% of total revenues $1.72 billion, or 17.3% of total revenues Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other $258.0 million $93.1 million Pre-Tax Land and Other Impairments included in Land Sales and Other Costs of Revenues $4.4 million $30.6 million Additional Information: The Company ended its FY 2024 fourth quarter with $1.30 billion in cash and cash equivalents, compared to $1.30 billion at FYE 2023 and $893.4 million at FY 2024's third quarter end. At FY 2024 fourth quarter end, the Company also had $1.77 billion available under its $1.96 billion revolving credit facility, which is scheduled to mature in February 2028 . On October 25, 2024, the Company paid its quarterly dividend of $0.23 per share to shareholders of record at the close of business on October 11, 2024. Stockholders' equity at FY 2024 fourth quarter end was $7.67 billion, compared to $6.80 billion at FYE 2023. FY 2024's fourth quarter-end book value per share was $76.87 per share, compared to $65.49 at FYE 2023. The Company ended its FY 2024's fourth quarter with a debt-to-capital ratio of 27.0%, compared to 27.6% at FY 2024's third quarter end and 29.6% at FYE 2023. The Company ended FY 2024's fourth quarter with a net debt-to-capital ratio (1) of 15.3%, compared to 19.6% at FY 2024's third quarter end, and 17.7% at FYE 2023. The Company ended FY 2024's fourth quarter with approximately 74,700 lots owned and optioned, compared to 72,700 one quarter earlier, and 70,700 one year earlier. Approximately 45% or 34,000, of these lots were owned, of which approximately 19,400 lots, including those in backlog, were substantially improved. In the fourth quarter of FY 2024, the Company spent approximately $258.6 million on land to purchase approximately 1,910 lots. The Company ended FY 2024's fourth quarter with 408 selling communities, compared to 404 at FY 2024's third quarter end and 370 at FY 2023's fourth quarter end. (1) See "Reconciliation of Non-GAAP Measures" below for more information on the calculation of the Company's net debt-to-capital ratio. Toll Brothers will be broadcasting live via the Investor Relations section of its website, investors.TollBrothers.com, a conference call hosted by chairman and chief executive officer Douglas C. Yearley, Jr. at 8:30 a.m. (ET) Tuesday, December 10, 2024, to discuss these results and its outlook for the first quarter and FY 2025. To access the call, enter the Toll Brothers website, click on the Investor Relations page, and select "Events & Presentations." Participants are encouraged to log on at least fifteen minutes prior to the start of the presentation to register and download any necessary software. The call can be heard live with an online replay which will follow. ABOUT TOLL BROTHERS Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 57 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol "TOL." The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, insurance, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. In 2024, Toll Brothers marked 10 years in a row being named to the Fortune World's Most Admired CompaniesTM list and the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com. Toll Brothers discloses information about its business and financial performance and other matters, and provides links to its securities filings, notices of investor events, and earnings and other news releases, on the Investor Relations section of its website (investors.TollBrothers.com). From Fortune, ©2024 Fortune Media IP Limited. All rights reserved. Used under license. FORWARD-LOOKING STATEMENTS Information presented herein for the fourth quarter ended October 31, 2024 is subject to finalization of the Company's regulatory filings, related financial and accounting reporting procedures and external auditor procedures. This release contains or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. One can identify these statements by the fact that they do not relate to matters of a strictly historical or factual nature and generally discuss or relate to future events. These statements contain words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "may," "can," "could," "might," "should," "likely," "will," and other words or phrases of similar meaning. Such statements may include, but are not limited to, information and statements regarding: expectations regarding inflation and interest rates; the markets in which we operate or may operate; our strategic priorities; our land acquisition, land development and capital allocation priorities; market conditions; demand for our homes; our build-to-order and spec home strategy; anticipated operating results and guidance; home deliveries; financial resources and condition; changes in revenues; changes in profitability; changes in margins; changes in accounting treatment; cost of revenues, including expected labor and material costs; selling, general, and administrative expenses; interest expense; inventory write-downs; home warranty and construction defect claims; unrecognized tax benefits; anticipated tax refunds; sales paces and prices; effects of home buyer cancellations; growth and expansion; joint ventures in which we are involved; anticipated results from our investments in unconsolidated entities; our ability to acquire or dispose of land and pursue real estate opportunities; our ability to gain approvals and open new communities; our ability to market, construct and sell homes and properties; our ability to deliver homes from backlog; our ability to secure materials and subcontractors; our ability to produce the liquidity and capital necessary to conduct normal business operations or to expand and take advantage of opportunities; and the outcome of legal proceedings, investigations, and claims. Any or all of the forward-looking statements included in this release are not guarantees of future performance and may turn out to be inaccurate. This can occur as a result of incorrect assumptions or as a consequence of known or unknown risks and uncertainties. The major risks and uncertainties – and assumptions that are made – that affect our business and may cause actual results to differ from these forward-looking statements include, but are not limited to: the effect of general economic conditions, including employment rates, housing starts, inflation rates, interest and mortgage rates, availability of financing for home mortgages and strength of the U.S. dollar; market demand for our products, which is related to the strength of the various U.S. business segments and U.S. and international economic conditions; the availability of desirable and reasonably priced land and our ability to control, purchase, hold and develop such land; access to adequate capital on acceptable terms; geographic concentration of our operations; levels of competition; the price and availability of lumber, other raw materials, home components and labor; the effect of U.S. trade policies, including the imposition of tariffs and duties on home building products and retaliatory measures taken by other countries; the effects of weather and the risk of loss from earthquakes, volcanoes, fires, floods, droughts, windstorms, hurricanes, pest infestations and other natural disasters, and the risk of delays, reduced consumer demand, unavailability of insurance, and shortages and price increases in labor or materials associated with such natural disasters; risks arising from acts of war, terrorism or outbreaks of contagious diseases, such as Covid-19; federal and state tax policies; transportation costs; the effect of land use, environment and other governmental laws and regulations; legal proceedings or disputes and the adequacy of reserves; risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, indebtedness, financial condition, losses and future prospects; the effect of potential loss of key management personnel; changes in accounting principles; risks related to unauthorized access to our computer systems, theft of our and our homebuyers' confidential information or other forms of cyber-attack; and other factors described in "Risk Factors" included in our Annual Report on Form 10-K for the year ended October 31, 2023 and in subsequent filings we make with the Securities and Exchange Commission ("SEC"). Many of the factors mentioned above or in other reports or public statements made by us will be important in determining our future performance. Consequently, actual results may differ materially from those that might be anticipated from our forward-looking statements. Forward-looking statements speak only as of the date they are made. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. For a further discussion of factors that we believe could cause actual results to differ materially from expected and historical results, see the information under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K filed with the SEC and in subsequent reports filed with the SEC. This discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995, and all of our forward-looking statements are expressly qualified in their entirety by the cautionary statements contained or referenced in this section. TOLL BROTHERS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands) October 31, 2024 October 31, 2023 (Unaudited) ASSETS Cash and cash equivalents $ 1,303,039 $ 1,300,068 Inventory 9,712,925 9,057,578 Property, construction and office equipment - net 453,007 323,990 Receivables, prepaid expenses and other assets 590,611 691,256 Mortgage loans held for sale 191,242 110,555 Customer deposits held in escrow 109,691 84,530 Investments in unconsolidated entities 1,007,417 959,041 $ 13,367,932 $ 12,527,018 LIABILITIES AND EQUITY Liabilities: Loans payable $ 1,085,817 $ 1,164,224 Senior notes 1,597,102 1,596,185 Mortgage company loan facility 150,000 100,058 Customer deposits 488,690 540,718 Accounts payable 492,213 597,582 Accrued expenses 1,752,848 1,548,781 Income taxes payable 114,547 166,268 Total liabilities 5,681,217 5,713,816 Equity: Stockholders' Equity Common stock, 112,937 shares issued at October 31, 2024 and October 31, 2023 1,129 1,129 Additional paid-in capital 694,713 698,548 Retained earnings 8,153,356 6,675,719 Treasury stock, at cost — 13,149 and 9,146 shares at October 31, 2024 and October 31, 2023, respectively (1,209,547 ) (619,150 ) Accumulated other comprehensive income 31,277 40,910 Total stockholders' equity 7,670,928 6,797,156 Noncontrolling interest 15,787 16,046 Total equity 7,686,715 6,813,202 $ 13,367,932 $ 12,527,018 TOLL BROTHERS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands, except per share data and percentages) (Unaudited) Three Months Ended October 31, Twelve Months Ended October 31, 2024 2023 2024 2023 $ % $ % $ % $ % Revenues: Home sales $ 3,260,004 $ 2,951,904 $ 10,563,332 $ 9,866,026 Land sales and other 73,458 68,243 283,408 128,911 3,333,462 3,020,147 10,846,740 9,994,937 Cost of revenues: Home sales 2,413,680 74.0 % 2,141,529 72.5 % 7,753,351 73.4 % 7,207,279 73.1 % Land sales and other 38,993 53.1 % 78,594 115.2 % 70,911 25.0 % 153,457 119.0 % 2,452,673 2,220,123 7,824,262 7,360,736 Gross margin - home sales 846,324 26.0 % 810,375 27.5 % 2,809,981 26.6 % 2,658,747 26.9 % Gross margin - land sales and other 34,465 46.9 % (10,351 ) (15.2 )% 212,497 75.0 % (24,546 ) (19.0 )% Selling, general and administrative expenses 269,734 8.3 % 241,408 8.2 % 982,291 9.3 % 909,446 9.2 % Income from operations 611,055 558,616 2,040,187 1,724,755 Other: (Loss) income from unconsolidated entities (10,044 ) 29,285 (23,843 ) 50,098 Other income - net 20,062 17,065 69,296 67,518 Income before income taxes 621,073 604,966 2,085,640 1,842,371 Income tax provision 145,664 159,430 514,445 470,300 Net income $ 475,409 $ 445,536 $ 1,571,195 $ 1,372,071 Per share: Basic earnings $ 4.67 $ 4.15 $ 15.16 $ 12.47 Diluted earnings $ 4.63 $ 4.11 $ 15.01 $ 12.36 Cash dividend declared $ 0.23 $ 0.21 $ 0.90 $ 0.83 Weighted-average number of shares: Basic 101,716 107,465 103,653 110,020 Diluted 102,676 108,388 104,690 111,008 Effective tax rate 23.5 % 26.4 % 24.7 % 25.5 % TOLL BROTHERS, INC. AND SUBSIDIARIES SUPPLEMENTAL DATA (Amounts in thousands) (unaudited) Three Months Ended October 31, Twelve Months Ended October 31, 2024 2023 2024 2023 Inventory impairments and write-offs included in home sales cost of revenues: Pre-development costs and option write offs $ 2,158 $ 1,369 $ 6,676 $ 10,712 Land owned for future communities — 799 — 1,493 Land owned for operating communities 21,925 6,101 52,765 18,501 $ 24,083 $ 8,269 $ 59,441 $ 30,706 Land and other impairments included in land sales and other cost of revenues $ — $ 12,860 $ 4,400 $ 30,560 Joint venture impairments included in (loss) income from unconsolidated entities $ 6,600 $ — $ 6,600 $ — Depreciation and amortization $ 25,773 $ 22,224 $ 81,201 $ 76,473 Interest incurred $ 23,724 $ 27,907 $ 108,269 $ 122,288 Interest expense: Charged to home sales cost of revenues $ 37,841 $ 39,768 $ 128,962 $ 139,410 Charged to land sales and other cost of revenues 1,321 4,701 3,142 10,787 $ 39,162 $ 44,469 $ 132,104 $ 150,197 Home sites controlled: October 31, 2024 October 31, 2023 Owned 33,964 35,916 Optioned 40,755 34,748 74,719 70,664 Inventory at October 31, 2024 and October 31, 2023 consisted of the following (amounts in thousands): October 31, 2024 October 31, 2023 Land deposits and costs of future communities $ 620,040 $ 549,035 Land and land development costs 2,532,221 2,631,147 Land and land development costs associated with homes under construction 3,617,266 2,916,334 Total land and land development costs 6,769,527 6,096,516 Homes under construction 2,458,541 2,515,484 Model homes (1) 484,857 445,578 $ 9,712,925 $ 9,057,578 (1) Includes the allocated land and land development costs associated with each of our model homes in operation. Toll Brothers operates in the following five geographic segments, with operations generally located in the states listed below: North: Connecticut, Delaware, Illinois, Massachusetts, Michigan, New Jersey, New York and Pennsylvania Mid-Atlantic: Georgia, Maryland, North Carolina, Tennessee and Virginia South: Florida, South Carolina and Texas Mountain: Arizona, Colorado, Idaho, Nevada and Utah Pacific: California, Oregon and Washington Three Months Ended October 31, Units $ (Millions) Average Price Per Unit $ 2024 2023 2024 2023 2024 2023 REVENUES North 498 422 $ 501.3 $ 412.3 $ 1,006,600 $ 977,000 Mid-Atlantic 495 380 446.0 388.2 $ 901,100 $ 1,021,500 South 947 717 819.9 659.9 $ 865,800 $ 920,400 Mountain 1,039 807 863.5 780.3 $ 831,100 $ 966,900 Pacific 452 429 629.1 710.3 $ 1,391,700 $ 1,655,700 Home Building 3,431 2,755 3,259.8 2,951.0 $ 950,100 $ 1,071,100 Corporate and other 0.2 0.9 Total home sales 3,431 2,755 3,260.0 2,951.9 $ 950,200 $ 1,071,500 Land sales and other 73.5 68.2 Total Consolidated $ 3,333.5 $ 3,020.1 CONTRACTS North 355 343 $ 371.2 $ 325.0 $ 1,045,600 $ 947,400 Mid-Atlantic 377 286 364.1 279.5 $ 965,700 $ 977,500 South 777 590 654.5 505.0 $ 842,400 $ 856,000 Mountain 796 517 683.5 438.7 $ 858,700 $ 848,600 Pacific 353 302 586.0 466.5 $ 1,660,100 $ 1,544,700 Total Consolidated 2,658 2,038 $ 2,659.3 $ 2,014.7 $ 1,000,500 $ 988,600 BACKLOG North 855 956 $ 937.5 $ 964.1 $ 1,096,500 $ 1,008,500 Mid-Atlantic 786 945 824.8 953.0 $ 1,049,400 $ 1,008,400 South 2,003 2,312 1,807.5 2,093.4 $ 902,400 $ 905,500 Mountain 1,595 1,577 1,645.5 1,577.7 $ 1,031,700 $ 1,000,500 Pacific 757 788 1,252.5 1,357.1 $ 1,654,600 $ 1,722,200 Total Consolidated 5,996 6,578 $ 6,467.8 $ 6,945.3 $ 1,078,700 $ 1,055,800 Twelve Months Ended October 31, Units $ (Millions) Average Price Per Unit $ 2024 2023 2024 2023 2024 2023 REVENUES North 1,522 1,577 $ 1,484.3 $ 1,494.1 $ 975,200 $ 947,400 Mid-Atlantic 1,512 1,067 1,422.0 1,175.3 $ 940,500 $ 1,101,500 South 3,316 2,597 2,787.4 2,204.8 $ 840,600 $ 849,000 Mountain 2,984 2,897 2,590.4 2,660.7 $ 868,100 $ 918,400 Pacific 1,479 1,459 2,279.1 2,329.4 $ 1,541,000 $ 1,596,600 Home Building 10,813 9,597 10,563.2 9,864.3 $ 976,900 $ 1,027,900 Corporate and other 0.1 1.7 Total home sales 10,813 9,597 10,563.3 9,866.0 $ 976,900 $ 1,028,000 Land sales and other 283.4 128.9 Total Consolidated $ 10,846.7 $ 9,994.9 CONTRACTS North 1,421 1,411 $ 1,456.8 $ 1,336.9 $ 1,025,200 $ 947,500 Mid-Atlantic 1,353 1,170 1,292.0 1,165.5 $ 954,900 $ 996,200 South 3,007 2,386 2,498.2 1,938.3 $ 830,800 $ 812,400 Mountain 3,002 1,950 2,655.0 1,633.1 $ 884,400 $ 837,500 Pacific 1,448 1,160 2,170.6 1,834.0 $ 1,499,000 $ 1,581,000 Total Consolidated 10,231 8,077 $ 10,072.6 $ 7,907.8 $ 984,500 $ 979,100 Note: Due to rounding, amounts may not add. Unconsolidated entities: Information related to revenues and contracts of entities in which we have an interest for the three-month and twelve-month periods ended October 31, 2024 and 2023, and for backlog at October 31, 2024 and 2023 is as follows: Units $ (Millions) Average Price Per Unit $ 2024 2023 2024 2023 2024 2023 Three months ended October 31, Revenues 62 1 $ 71.0 $ 7.3 $ 1,145,700 $ 6,413,200 Contracts 20 14 $ 27.5 $ 12.8 $ 1,372,700 $ 916,500 Twelve months ended October 31, Revenues 238 9 $ 267.6 $ 38.9 $ 1,124,400 $ 4,316,800 Contracts 101 77 $ 125.0 $ 101.3 $ 1,237,800 $ 1,316,000 Backlog at October 31, 12 149 $ 17.4 $ 160.0 $ 1,448,800 $ 1,073,600 RECONCILIATION OF NON-GAAP MEASURES This press release contains, and Company management's discussion of the results presented in this press release may include, information about the Company's adjusted home sales gross margin, adjusted net income, adjusted diluted earnings per share and the Company's net debt-to-capital ratio. These four measures are non-GAAP financial measures which are not calculated in accordance with generally accepted accounting principles ("GAAP"). These non-GAAP financial measures should not be considered a substitute for, or superior to, the comparable GAAP financial measures, and may be different from non-GAAP measures used by other companies in the home building business. The Company's management considers these non-GAAP financial measures as we make operating and strategic decisions and evaluate our performance, including against other home builders that may use similar non-GAAP financial measures. The Company's management believes these non-GAAP financial measures are useful to investors in understanding our operations and leverage and may be helpful in comparing the Company to other home builders to the extent they provide similar information. Adjusted Home Sales Gross Margin The following table reconciles the Company's home sales gross margin as a percentage of home sales revenues (calculated in accordance with GAAP) to the Company's adjusted home sales gross margin (a non-GAAP financial measure). Adjusted home sales gross margin is calculated as (i) home sales gross margin plus interest recognized in home sales cost of revenues plus inventory write-downs recognized in home sales cost of revenues divided by (ii) home sales revenues. Adjusted Home Sales Gross Margin Reconciliation (Amounts in thousands, except percentages) Three Months Ended October 31, Twelve Months Ended October 31, 2024 2023 2024 2023 Revenues - home sales $ 3,260,004 $ 2,951,904 $ 10,563,332 $ 9,866,026 Cost of revenues - home sales 2,413,680 2,141,529 7,753,351 7,207,279 Home sales gross margin 846,324 810,375 2,809,981 2,658,747 Add: Interest recognized in cost of revenues - home sales 37,841 39,768 128,962 139,410 Inventory impairments and write-offs in cost of revenues - home sales 24,083 8,269 59,441 30,706 Adjusted home sales gross margin $ 908,248 $ 858,412 $ 2,998,384 $ 2,828,863 Home sales gross margin as a percentage of home sale revenues 26.0 % 27.5 % 26.6 % 26.9 % Adjusted home sales gross margin as a percentage of home sale revenues 27.9 % 29.1 % 28.4 % 28.7 % The Company's management believes adjusted home sales gross margin is a useful financial measure to investors because it allows them to evaluate the performance of our home building operations without the often varying effects of capitalized interest costs and inventory impairments. The use of adjusted home sales gross margin also assists the Company's management in assessing the profitability of our home building operations and making strategic decisions regarding community location and product mix. Forward-looking Adjusted Home Sales Gross Margin The Company has not provided projected first quarter and full FY 2025 home sales gross margin or a GAAP reconciliation for forward-looking adjusted home sales gross margin because such measure cannot be provided without unreasonable efforts on a forward-looking basis, since inventory write-downs are based on future activity and observation and therefore cannot be projected for the first quarter and full FY 2025. The variability of these charges may have a potentially unpredictable, and potentially significant, impact on our first quarter and full FY 2025 home sales gross margin. Adjusted Net Income and Diluted Earnings Per Share Reconciliation The following table reconciles the Company's net income and earnings per share (calculated in accordance with GAAP) to the Company's adjusted net income and diluted earnings per share (a non-GAAP financial measure). Adjusted Net Income and Diluted Per Share Reconciliation (Amounts in thousands, except per share data) Three Months Ended October 31, Twelve Months Ended October 31, 2024 2023 2024 2023 Net income $ 475,409 $ 445,536 $ 1,571,195 $ 1,372,071 Subtract: Net income resulting from the sale of a parcel of land to a commercial developer — — (124,119 ) — Adjusted net income $ 475,409 $ 445,536 $ 1,447,076 $ 1,372,071 Diluted earnings per share $ 4.63 $ 4.11 $ 15.01 $ 12.36 Subtract: Diluted earnings per share resulting from the sale of a parcel of land to a commercial developer — — (1.19 ) — Adjusted diluted earnings per share $ 4.63 $ 4.11 $ 13.82 $ 12.36 Net Debt-to-Capital Ratio The following table reconciles the Company's ratio of debt to capital (calculated in accordance with GAAP) to the Company's net debt-to-capital ratio (a non-GAAP financial measure). The net debt-to-capital ratio is calculated as (i) total debt minus mortgage warehouse loans minus cash and cash equivalents divided by (ii) total debt minus mortgage warehouse loans minus cash and cash equivalents plus stockholders' equity. Net Debt-to-Capital Ratio Reconciliation (Amounts in thousands, except percentages) October 31, 2024 July 31, 2024 October 31, 2023 Loans payable $ 1,085,817 $ 1,099,787 $ 1,164,224 Senior notes 1,597,102 1,596,873 1,596,185 Mortgage company loan facility 150,000 125,417 100,058 Total debt 2,832,919 2,822,077 2,860,467 Total stockholders' equity 7,670,928 7,414,864 6,797,156 Total capital $ 10,503,847 $ 10,236,941 $ 9,657,623 Ratio of debt-to-capital 27.0 % 27.6 % 29.6 % Total debt $ 2,832,919 $ 2,822,077 $ 2,860,467 Less: Mortgage company loan facility (150,000 ) (125,417 ) (100,058 ) Cash and cash equivalents (1,303,039 ) (893,422 ) (1,300,068 ) Total net debt 1,379,880 1,803,238 1,460,341 Total stockholders' equity 7,670,928 7,414,864 6,797,156 Total net capital $ 9,050,808 $ 9,218,102 $ 8,257,497 Net debt-to-capital ratio 15.2 % 19.6 % 17.7 % The Company's management uses the net debt-to-capital ratio as an indicator of its overall leverage and believes it is a useful financial measure to investors in understanding the leverage employed in the Company's operations. CONTACT: Gregg Ziegler (215) 478-3820 gziegler@tollbrothers.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3a0456db-a1d7-41b3-b790-3e0a1448ad2b © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Without Jalen Hurts at QB, Eagles bid to wrap up NFC East vs. Cowboys

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The Reform UK leader pushed back against reports suggesting that legal action would be the next step, saying he would make a decision in the next couple of days about his response if there is no apology for the “crazy conspiracy theory”. Mr Farage also said the party has “opened up our systems” to media outlets, including The Daily Telegraph and The Financial Times, in the interests of “full transparency to verify that our numbers are correct”. His remarks came after Conservative Party leader Kemi Badenoch accused Mr Farage of “fakery” in response to Reform claiming they had surpassed the Tories in signed-up members. Mrs Badenoch said Reform’s counter was “coded to tick up automatically”. A digital counter on the Reform website showed a membership tally before lunchtime on Boxing Day ticking past the 131,680 figure declared by the Conservative Party during its leadership election earlier this year. Mr Farage, on whether he was threatening legal action or not, told the PA news agency: “I haven’t threatened anything. I’ve just said that unless I get an apology, I will take some action. “I haven’t said whether it’s legal or anything.” He added: “All I’ve said is I want an apology. If I don’t get an apology, I will take action. “I will decide in the next couple of days what that is. So I’ve not specified what it is.” Mr Farage, on the move to make membership data available to media organisations, said: “We feel our arguments are fully validated. “She (Mrs Badenoch) has put out this crazy conspiracy theory and she needs to apologise.” The accusations of fraud and dishonesty made against me yesterday were disgraceful. Today we opened up our systems to The Telegraph, Spectator, Sky News & FT in the interests of full transparency to verify that our data is correct. I am now demanding apologises. — Nigel Farage MP (@Nigel_Farage) On why Mrs Badenoch had reacted as she did, Mr Farage said: “I would imagine she was at home without anybody advising her and was just angry.” Mr Farage, in a statement issued on social media site X, also said: “The accusations of fraud and dishonesty made against me yesterday were disgraceful. “Today we opened up our systems to The Telegraph, Spectator, Sky News and FT in the interests of full transparency to verify that our data is correct. “I am now demanding Kemi Badenoch apologises.” A Conservative Party source claimed Mr Farage was “rattled” that his Boxing Day “publicity stunt is facing serious questions”. They added: “Like most normal people around the UK, Kemi is enjoying Christmas with her family and looking forward to taking on the challenges of renewing the Conservative Party in the New Year.” Mrs Badenoch, in a series of messages posted on X on Thursday, said: “Farage doesn’t understand the digital age. This kind of fakery gets found out pretty quickly, although not before many are fooled.” There were 131,680 Conservative members eligible to vote during the party’s leadership election to replace Rishi Sunak in the autumn. Mrs Badenoch claimed in her thread that “the Conservative Party has gained thousands of new members since the leadership election”. Elsewhere, Mr Farage described Elon Musk as a “bloody hero” and said he believes the US billionaire can help attract younger voters to Reform. Tech entrepreneur Mr Musk met Mr Farage earlier this month at Donald Trump’s Mar-a-Lago resort in Florida, amid rumours of a possible donation to either Mr Farage or Reform. Mr Farage told The Daily Telegraph newspaper: “The shades, the bomber jacket, the whole vibe. Elon makes us cool – Elon is a huge help to us with the young generation, and that will be the case going on and, frankly, that’s only just starting. “Reform only wins the next election if it gets the youth vote. The youth vote is the key. Of course, you need voters of all ages, but if you get a wave of youth enthusiasm you can change everything. “And I think we’re beginning to get into that zone – we were anyway, but Elon makes the whole task much, much easier. And the idea that politics can be cool, politics can be fun, politics can be real – Elon helps us with that mission enormously.”

FORT WASHINGTON, Pa., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, today announced results for its fourth quarter ended October 31, 2024. FY 2024 ’s Fourth Quarter Financial Highlights (Compared to FY 2023 ’ s Fourth Quarter): Net income and earnings per share were $475.4 million and $4.63 per diluted share, compared to net income of $445.5 million and $4.11 per diluted share in FY 2023’s fourth quarter. Pre-tax income was $621.1 million, compared to $605.0 million in FY 2023’s fourth quarter. Home sales revenues were $3.26 billion, up 10% compared to FY 2023’s fourth quarter; delivered homes were 3,431, up 25%. Net signed contract value was $2.66 billion, up 32% compared to FY 2023’s fourth quarter; contracted homes were 2,658, up 30%. Backlog value was $6.47 billion at fourth quarter end, down 7% compared to FY 2023’s fourth quarter; homes in backlog were 5,996, down 9%. Home sales gross margin was 26.0%, compared to FY 2023’s fourth quarter home sales gross margin of 27.5%. Adjusted home sales gross margin, which excludes interest and inventory write-downs, was 27.9%, compared to FY 2023’s fourth quarter adjusted home sales gross margin of 29.1%. SG&A, as a percentage of home sales revenues, was 8.3%, compared to 8.2% in FY 2023’s fourth quarter. Income from operations was $611.1 million. Other income, income from unconsolidated entities, and gross margin from land sales and other was $44.5 million. The Company repurchased approximately 1.3 million shares at an average price of $150.19 per share for a total purchase price of $200.9 million. Full FY 2024 Financial Highlights (Compared to Full FY 2023 ): Net income was $1.57 billion, and earnings per share were $15.01 diluted, compared to net income of $1.37 billion and $12.36 per share diluted in FY 2023. Net income and earnings per share included $124.1 million and $1.19, respectively, related to the sale of a parcel of land to a commercial developer in our second quarter. Excluding this gain, net income and earnings per share were $1.45 billion and $13.82 per diluted share in FY 2024. Pre-tax income was $2.09 billion, compared to $1.84 billion in FY 2023. Home sales revenues were $10.56 billion, up 7% compared to FY 2023; delivered homes were 10,813, up 13%. Net signed contract value was $10.07 billion, up 27% compared to FY 2023; contracted homes were 10,231, up 27%. Home sales gross margin was 26.6%, compared to FY 2023’s home sales gross margin of 26.9%. Adjusted home sales gross margin, which excludes interest and inventory write-downs, was 28.4%, compared to FY 2023’s adjusted home sales gross margin of 28.7%. SG&A, as a percentage of home sales revenues, was 9.3%, compared to 9.2% in FY 2023. Income from operations was $2.04 billion. Other income, income from unconsolidated entities, and gross margin from land sales and other was $258.0 million. The Company repurchased approximately 4.9 million shares at an average price of $127.79 per share for a total purchase price of $627.9 million Douglas C. Yearley, Jr., chairman and chief executive officer, stated: “I am very pleased with our fourth quarter results, which cap the strongest year ever for Toll Brothers. For the full year, we generated a record $10.6 billion of home sales revenue, earned $15.01 per diluted share and grew contracts by 27% in both units and dollars. In the fourth quarter, we delivered 3,431 homes and generated $3.3 billion in home sales revenues, up 25% in units and 10% in dollars compared to last year’s fourth quarter. Our fourth quarter adjusted gross margin was 27.9%, beating guidance by 40 basis points, and our SG&A expense was 8.3% of home sales revenues, or 30 basis points better than guidance. Our strong margin performance and better than projected home sales revenues drove earnings of $4.63 per diluted share in the quarter, up 13% compared to last year. We also signed 2,658 net contracts at an average price of $1,000,000, up 30% in units and 32% in dollars compared to last year’s fourth quarter. Our performance this year and in the fourth quarter demonstrates the power of our luxury brand, the financial strength of our buyers, and the success of our strategies of increasing our spec home production and widening our geographies, price points and product lines. “Since the start of our fiscal 2025 six weeks ago we have seen strong demand, which is encouraging as we approach the beginning of the spring selling season in mid-January. We are well positioned with communities in over 60 markets across 24 states featuring the widest offering of luxury homes and serving the most affluent customers in our industry. Last year, we increased community count by 10% and are targeting a similar increase in fiscal 2025. We also owned or controlled approximately 74,700 lots at year end, providing sufficient land for further growth in fiscal 2026 and beyond. “In fiscal 2024, we generated a return on beginning equity of 23.1%, driven by our record earnings and strong cash flows that allowed us to return approximately $720 million of capital to shareholders. Our healthy balance sheet, low leverage, and ample liquidity, including significant projected cash flows from operations in fiscal 2025, should allow us to continue investing in our business while returning cash to shareholders well into the future.” Additional Information: The Company ended its FY 2024 fourth quarter with $1.30 billion in cash and cash equivalents, compared to $1.30 billion at FYE 2023 and $893.4 million at FY 2024’s third quarter end. At FY 2024 fourth quarter end, the Company also had $1.77 billion available under its $1.96 billion revolving credit facility, which is scheduled to mature in February 2028 . On October 25, 2024, the Company paid its quarterly dividend of $0.23 per share to shareholders of record at the close of business on October 11, 2024. Stockholders’ equity at FY 2024 fourth quarter end was $7.67 billion, compared to $6.80 billion at FYE 2023. FY 2024’s fourth quarter-end book value per share was $76.87 per share, compared to $65.49 at FYE 2023. The Company ended its FY 2024’s fourth quarter with a debt-to-capital ratio of 27.0%, compared to 27.6% at FY 2024’s third quarter end and 29.6% at FYE 2023. The Company ended FY 2024’s fourth quarter with a net debt-to-capital ratio (1) of 15.3%, compared to 19.6% at FY 2024’s third quarter end, and 17.7% at FYE 2023. The Company ended FY 2024’s fourth quarter with approximately 74,700 lots owned and optioned, compared to 72,700 one quarter earlier, and 70,700 one year earlier. Approximately 45% or 34,000, of these lots were owned, of which approximately 19,400 lots, including those in backlog, were substantially improved. In the fourth quarter of FY 2024, the Company spent approximately $258.6 million on land to purchase approximately 1,910 lots. The Company ended FY 2024’s fourth quarter with 408 selling communities, compared to 404 at FY 2024’s third quarter end and 370 at FY 2023’s fourth quarter end. (1) See “Reconciliation of Non-GAAP Measures” below for more information on the calculation of the Company’s net debt-to-capital ratio. Toll Brothers will be broadcasting live via the Investor Relations section of its website, investors.TollBrothers.com, a conference call hosted by chairman and chief executive officer Douglas C. Yearley, Jr. at 8:30 a.m. (ET) Tuesday, December 10, 2024, to discuss these results and its outlook for the first quarter and FY 2025. To access the call, enter the Toll Brothers website, click on the Investor Relations page, and select “Events & Presentations.” Participants are encouraged to log on at least fifteen minutes prior to the start of the presentation to register and download any necessary software. The call can be heard live with an online replay which will follow. ABOUT TOLL BROTHERS Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 57 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, insurance, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. In 2024, Toll Brothers marked 10 years in a row being named to the Fortune World’s Most Admired CompaniesTM list and the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com. Toll Brothers discloses information about its business and financial performance and other matters, and provides links to its securities filings, notices of investor events, and earnings and other news releases, on the Investor Relations section of its website (investors.TollBrothers.com). From Fortune, ©2024 Fortune Media IP Limited. All rights reserved. Used under license. FORWARD-LOOKING STATEMENTS Information presented herein for the fourth quarter ended October 31, 2024 is subject to finalization of the Company’s regulatory filings, related financial and accounting reporting procedures and external auditor procedures. This release contains or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. One can identify these statements by the fact that they do not relate to matters of a strictly historical or factual nature and generally discuss or relate to future events. These statements contain words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “may,” “can,” “could,” “might,” “should,” “likely,” “will,” and other words or phrases of similar meaning. Such statements may include, but are not limited to, information and statements regarding: expectations regarding inflation and interest rates; the markets in which we operate or may operate; our strategic priorities; our land acquisition, land development and capital allocation priorities; market conditions; demand for our homes; our build-to-order and spec home strategy; anticipated operating results and guidance; home deliveries; financial resources and condition; changes in revenues; changes in profitability; changes in margins; changes in accounting treatment; cost of revenues, including expected labor and material costs; selling, general, and administrative expenses; interest expense; inventory write-downs; home warranty and construction defect claims; unrecognized tax benefits; anticipated tax refunds; sales paces and prices; effects of home buyer cancellations; growth and expansion; joint ventures in which we are involved; anticipated results from our investments in unconsolidated entities; our ability to acquire or dispose of land and pursue real estate opportunities; our ability to gain approvals and open new communities; our ability to market, construct and sell homes and properties; our ability to deliver homes from backlog; our ability to secure materials and subcontractors; our ability to produce the liquidity and capital necessary to conduct normal business operations or to expand and take advantage of opportunities; and the outcome of legal proceedings, investigations, and claims. Any or all of the forward-looking statements included in this release are not guarantees of future performance and may turn out to be inaccurate. This can occur as a result of incorrect assumptions or as a consequence of known or unknown risks and uncertainties. The major risks and uncertainties – and assumptions that are made – that affect our business and may cause actual results to differ from these forward-looking statements include, but are not limited to: the effect of general economic conditions, including employment rates, housing starts, inflation rates, interest and mortgage rates, availability of financing for home mortgages and strength of the U.S. dollar; market demand for our products, which is related to the strength of the various U.S. business segments and U.S. and international economic conditions; the availability of desirable and reasonably priced land and our ability to control, purchase, hold and develop such land; access to adequate capital on acceptable terms; geographic concentration of our operations; levels of competition; the price and availability of lumber, other raw materials, home components and labor; the effect of U.S. trade policies, including the imposition of tariffs and duties on home building products and retaliatory measures taken by other countries; the effects of weather and the risk of loss from earthquakes, volcanoes, fires, floods, droughts, windstorms, hurricanes, pest infestations and other natural disasters, and the risk of delays, reduced consumer demand, unavailability of insurance, and shortages and price increases in labor or materials associated with such natural disasters; risks arising from acts of war, terrorism or outbreaks of contagious diseases, such as Covid-19; federal and state tax policies; transportation costs; the effect of land use, environment and other governmental laws and regulations; legal proceedings or disputes and the adequacy of reserves; risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, indebtedness, financial condition, losses and future prospects; the effect of potential loss of key management personnel; changes in accounting principles; risks related to unauthorized access to our computer systems, theft of our and our homebuyers’ confidential information or other forms of cyber-attack; and other factors described in “Risk Factors” included in our Annual Report on Form 10-K for the year ended October 31, 2023 and in subsequent filings we make with the Securities and Exchange Commission (“SEC”). Many of the factors mentioned above or in other reports or public statements made by us will be important in determining our future performance. Consequently, actual results may differ materially from those that might be anticipated from our forward-looking statements. Forward-looking statements speak only as of the date they are made. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. For a further discussion of factors that we believe could cause actual results to differ materially from expected and historical results, see the information under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report on Form 10-K filed with the SEC and in subsequent reports filed with the SEC. This discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995, and all of our forward-looking statements are expressly qualified in their entirety by the cautionary statements contained or referenced in this section. Inventory at October 31, 2024 and October 31, 2023 consisted of the following (amounts in thousands): (1) Includes the allocated land and land development costs associated with each of our model homes in operation. Toll Brothers operates in the following five geographic segments, with operations generally located in the states listed below: North: Connecticut, Delaware, Illinois, Massachusetts, Michigan, New Jersey, New York and Pennsylvania Mid-Atlantic: Georgia, Maryland, North Carolina, Tennessee and Virginia South: Florida, South Carolina and Texas Mountain: Arizona, Colorado, Idaho, Nevada and Utah Pacific: California, Oregon and Washington Note: Due to rounding, amounts may not add. Unconsolidated entities: Information related to revenues and contracts of entities in which we have an interest for the three-month and twelve-month periods ended October 31, 2024 and 2023, and for backlog at October 31, 2024 and 2023 is as follows: RECONCILIATION OF NON-GAAP MEASURES This press release contains, and Company management’s discussion of the results presented in this press release may include, information about the Company’s adjusted home sales gross margin, adjusted net income, adjusted diluted earnings per share and the Company’s net debt-to-capital ratio. These four measures are non-GAAP financial measures which are not calculated in accordance with generally accepted accounting principles (“GAAP”). These non-GAAP financial measures should not be considered a substitute for, or superior to, the comparable GAAP financial measures, and may be different from non-GAAP measures used by other companies in the home building business. The Company’s management considers these non-GAAP financial measures as we make operating and strategic decisions and evaluate our performance, including against other home builders that may use similar non-GAAP financial measures. The Company’s management believes these non-GAAP financial measures are useful to investors in understanding our operations and leverage and may be helpful in comparing the Company to other home builders to the extent they provide similar information. Adjusted Home Sales Gross Margin The following table reconciles the Company’s home sales gross margin as a percentage of home sales revenues (calculated in accordance with GAAP) to the Company’s adjusted home sales gross margin (a non-GAAP financial measure). Adjusted home sales gross margin is calculated as (i) home sales gross margin plus interest recognized in home sales cost of revenues plus inventory write-downs recognized in home sales cost of revenues divided by (ii) home sales revenues. The Company’s management believes adjusted home sales gross margin is a useful financial measure to investors because it allows them to evaluate the performance of our home building operations without the often varying effects of capitalized interest costs and inventory impairments. The use of adjusted home sales gross margin also assists the Company’s management in assessing the profitability of our home building operations and making strategic decisions regarding community location and product mix. Forward-looking Adjusted Home Sales Gross Margin The Company has not provided projected first quarter and full FY 2025 home sales gross margin or a GAAP reconciliation for forward-looking adjusted home sales gross margin because such measure cannot be provided without unreasonable efforts on a forward-looking basis, since inventory write-downs are based on future activity and observation and therefore cannot be projected for the first quarter and full FY 2025. The variability of these charges may have a potentially unpredictable, and potentially significant, impact on our first quarter and full FY 2025 home sales gross margin. Adjusted Net Income and Diluted Earnings Per Share Reconciliation The following table reconciles the Company’s net income and earnings per share (calculated in accordance with GAAP) to the Company’s adjusted net income and diluted earnings per share (a non-GAAP financial measure). Net Debt-to-Capital Ratio The following table reconciles the Company’s ratio of debt to capital (calculated in accordance with GAAP) to the Company’s net debt-to-capital ratio (a non-GAAP financial measure). The net debt-to-capital ratio is calculated as (i) total debt minus mortgage warehouse loans minus cash and cash equivalents divided by (ii) total debt minus mortgage warehouse loans minus cash and cash equivalents plus stockholders’ equity. The Company’s management uses the net debt-to-capital ratio as an indicator of its overall leverage and believes it is a useful financial measure to investors in understanding the leverage employed in the Company’s operations. CONTACT: Gregg Ziegler (215) 478-3820 gziegler@tollbrothers.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3a0456db-a1d7-41b3-b790-3e0a1448ad2bApple Inc. stock outperforms competitors on strong trading day

Broncos on doorstep of playoffs while Bengals try to stay in pictureFive companies and two individuals were honoured yesterday at the ninth edition of the BRAC Bank-The Daily Star ICT Awards in recognition of their exceptional contributions to the advancement of Bangladesh's information and communication technology sector. Selim RF Hussain, managing director and chief executive officer of BRAC Bank, along with Mahfuz Anam, editor and publisher of The Daily Star, handed over the awards to the winners at a ceremony held at Le Meridien Dhaka, the hospitality partner for the event. The event, which was organised in association with BRAC Bank and Bangladesh Association of Software and Information Services, began with a minute's silence paying tribute to the martyrs and injured of the mass uprising that led to the fall of the Awami League regime. Afeef Zaman, founder and CEO of ShopUp, was recognised as the ICT Business Person of the year, while Sadia Haque, co-founder and CEO of ShareTrip, was awarded as the ICT Woman of the year. Logic Software won the ICT Solution Provider of the year award in the local market focus category and The Kow Company in the international market focus category. Software Shop (SSL Wireless) was awarded the Digital Commerce of the year, while Shikho and Instasure were the ICT start-ups of the year. Although ICT has been regarded as the future, it has not been given due importance in Bangladesh, Anam said. "We haven't given the ICT sector enough support, enough importance, enough legal supportive environment, enough financial incentives for it to flourish." Only through ICT can Bangladesh catch up with the developed world. "The application of ICT can advance our health to a much higher standard, provide access to global experts in Bangladesh and connect experts in Dhaka with patients in rural areas. Similarly, in the education sector. Whatever we try, whatever money we spend, we cannot keep our education aligned with the evolution of education in the world except through technology." Besides, the digitisation of the government system could decrease corruption overnight, Anam added. There are many who feel that the banking sector should be investing much more in ICT and perhaps there is something to be said about that, said BRAC Bank MD Selim RF Hussain. "The future does belong to ICT usage and we are confident that banks in Bangladesh will continue to invest in and expand their digital banking capabilities in areas such as artificial intelligence and machine learning to improve customer service, become cost-efficient and fraud detection and prevention." Going forward, banks will increasingly partner with fintech companies to gain access to new technologies and services to stay competitive in the rapidly changing digital landscape. "Obviously, this is also an exciting time for banks and financial institutions -- many of them have already significantly upgraded themselves with their digital-first strategies to serve the customers." The adoption of digital banking channels, implementation of digital onboarding processes (eKYC), use of advanced analytics, development of digital products and services and automation of back-office processes are taking place with great momentum, Hussain added. Founded in 2010, Logic Software is a leader in providing customised ERP solutions for industries like textiles, garments and leather. By addressing inventory, production and financial challenges, the company helps businesses streamline operations. The company has processed more than $15 billion in transactions, boosting Bangladesh's economy. The KOW Company excels in content post-production and 3D innovation. With over 500 professionals and AI-driven technology, the company processes 32,000 to 35,000 assets daily. Partnering with global brands like Adidas, it delivers exceptional visual content across industries, setting new standards in media production and creative solutions. Under Sadia Haque's leadership, ShareTrip has revolutionised travel services in Bangladesh, generating more than $100 million in gross merchandise value. Her vision has made ShareTrip a leader in the travel industry and digital commerce. Under Afeef Zaman's leadership, ShopUp raised $174 million in South Asia's largest Series B funding round, driving ShopUp's success. By focusing on digital credit, logistics and business management, he has transformed the country's e-commerce landscape. Founded in 2019, Shikho is transforming Bangladesh's edtech landscape by offering localised, interactive educational content in Bengali. With its mobile app, Shikho provides engaging learning tools for students, addressing education gaps and enabling better retention. The company has secured $6.5 million in funding, expanding its reach and impact. Founded in 2022, Instasure has pioneered Bangladesh's first embedded insurance platform. With strategic partnerships and an innovative approach, it offers insurance products at the point of purchase. By making insurance accessible, particularly for underserved communities, Instasure is reshaping the industry and addressing low penetration rates. SSL Wireless, founded in 1999, has become a leader in Bangladesh's ICT sector, specialising in digital commerce solutions. The company's flagship product, Hercules One, integrates over 250,000 merchants, improving business efficiency. SSL Wireless is also driving Bangladesh's digital transformation and advancing a cashless economy through its innovative offerings. Ahmed Kamal Khan Chowdhury, group adviser of SSL Wireless; Shahir Chowdhury, founder and CEO of Shikho; Rafel Kabir, managing director of Instasure; Kowser Ahmed, MD and CEO of The KOW Company; Rumana Ahmed, director at Logic Software; Afeef Zaman and Sadia Haque received the award. Five companies and two individuals were honoured yesterday at the ninth edition of the BRAC Bank-The Daily Star ICT Awards in recognition of their exceptional contributions to the advancement of Bangladesh's information and communication technology sector. Selim RF Hussain, managing director and chief executive officer of BRAC Bank, along with Mahfuz Anam, editor and publisher of The Daily Star, handed over the awards to the winners at a ceremony held at Le Meridien Dhaka, the hospitality partner for the event. The event, which was organised in association with BRAC Bank and Bangladesh Association of Software and Information Services, began with a minute's silence paying tribute to the martyrs and injured of the mass uprising that led to the fall of the Awami League regime. Afeef Zaman, founder and CEO of ShopUp, was recognised as the ICT Business Person of the year, while Sadia Haque, co-founder and CEO of ShareTrip, was awarded as the ICT Woman of the year. Logic Software won the ICT Solution Provider of the year award in the local market focus category and The Kow Company in the international market focus category. Software Shop (SSL Wireless) was awarded the Digital Commerce of the year, while Shikho and Instasure were the ICT start-ups of the year. Although ICT has been regarded as the future, it has not been given due importance in Bangladesh, Anam said. "We haven't given the ICT sector enough support, enough importance, enough legal supportive environment, enough financial incentives for it to flourish." Only through ICT can Bangladesh catch up with the developed world. "The application of ICT can advance our health to a much higher standard, provide access to global experts in Bangladesh and connect experts in Dhaka with patients in rural areas. Similarly, in the education sector. Whatever we try, whatever money we spend, we cannot keep our education aligned with the evolution of education in the world except through technology." Besides, the digitisation of the government system could decrease corruption overnight, Anam added. There are many who feel that the banking sector should be investing much more in ICT and perhaps there is something to be said about that, said BRAC Bank MD Selim RF Hussain. "The future does belong to ICT usage and we are confident that banks in Bangladesh will continue to invest in and expand their digital banking capabilities in areas such as artificial intelligence and machine learning to improve customer service, become cost-efficient and fraud detection and prevention." Going forward, banks will increasingly partner with fintech companies to gain access to new technologies and services to stay competitive in the rapidly changing digital landscape. "Obviously, this is also an exciting time for banks and financial institutions -- many of them have already significantly upgraded themselves with their digital-first strategies to serve the customers." The adoption of digital banking channels, implementation of digital onboarding processes (eKYC), use of advanced analytics, development of digital products and services and automation of back-office processes are taking place with great momentum, Hussain added. Founded in 2010, Logic Software is a leader in providing customised ERP solutions for industries like textiles, garments and leather. By addressing inventory, production and financial challenges, the company helps businesses streamline operations. The company has processed more than $15 billion in transactions, boosting Bangladesh's economy. The KOW Company excels in content post-production and 3D innovation. With over 500 professionals and AI-driven technology, the company processes 32,000 to 35,000 assets daily. Partnering with global brands like Adidas, it delivers exceptional visual content across industries, setting new standards in media production and creative solutions. Under Sadia Haque's leadership, ShareTrip has revolutionised travel services in Bangladesh, generating more than $100 million in gross merchandise value. Her vision has made ShareTrip a leader in the travel industry and digital commerce. Under Afeef Zaman's leadership, ShopUp raised $174 million in South Asia's largest Series B funding round, driving ShopUp's success. By focusing on digital credit, logistics and business management, he has transformed the country's e-commerce landscape. Founded in 2019, Shikho is transforming Bangladesh's edtech landscape by offering localised, interactive educational content in Bengali. With its mobile app, Shikho provides engaging learning tools for students, addressing education gaps and enabling better retention. The company has secured $6.5 million in funding, expanding its reach and impact. Founded in 2022, Instasure has pioneered Bangladesh's first embedded insurance platform. With strategic partnerships and an innovative approach, it offers insurance products at the point of purchase. By making insurance accessible, particularly for underserved communities, Instasure is reshaping the industry and addressing low penetration rates. SSL Wireless, founded in 1999, has become a leader in Bangladesh's ICT sector, specialising in digital commerce solutions. The company's flagship product, Hercules One, integrates over 250,000 merchants, improving business efficiency. SSL Wireless is also driving Bangladesh's digital transformation and advancing a cashless economy through its innovative offerings. Ahmed Kamal Khan Chowdhury, group adviser of SSL Wireless; Shahir Chowdhury, founder and CEO of Shikho; Rafel Kabir, managing director of Instasure; Kowser Ahmed, MD and CEO of The KOW Company; Rumana Ahmed, director at Logic Software; Afeef Zaman and Sadia Haque received the award.Oscar-winning actor Cillian Murphy has bought a cinema that he used to visit as a child. Login or signup to continue reading Murphy, from Cork, 48, and his wife, artist Yvonne McGuinness, will refurbish The Phoenix Cinema in Dingle, Co Kerry, south-west Ireland, next year. The venue, which has been used as a movie theatre and dance hall, had been in operation for more than 100 years, and had been on the market for three years before McGuinness and Murphy bought the building. "I've been going to see films at The Phoenix since I was a young boy on summer holidays," Murphy said. "My dad saw movies there when he was a young man before me, and we've watched many films at The Phoenix with our own kids. We recognise what the cinema means to Dingle." The town centre cinema is the only one in the tourist area of the Dingle Peninsula, in the Ring of Kerry. The closest other movie theatres are miles away in Tralee and Killarney. Michael O'Sullivan, who bought The Phoenix in 1978, ran the venue until the COVID-19 pandemic, when it was shut during Ireland's lockdown. They cited rising costs, falling attendance and challenging exhibition terms. McGuinness said. "We want to open the doors again, expand the creative potential of the site, re-establishing its place in the cultural fabric of this unique town." The Phoenix Cinema has also hosted the Dingle International Film Festival, which Murphy has attended, as well as independent and foreign language films, and a Tuesday night film club. The cinema was built by brothers Jimmy and Johnny Houlihan and opened in 1919. After fires in 1921 and 1938, the venue was reconstructed twice. In the second rebuild the art deco facade, phoenix floor mosaic and name were added. Guitarist Rory Gallagher performed there, and the David Lean-directed film Ryan's Daughter, made in the area, was shown. A campaign to save it was launched when it shut three years ago. Murphy won an Oscar this year for his performance in Oppenheimer, is best known for portraying gangster Tommy Shelby in the BBC drama Peaky Blinders, which debuted in 2013 and for which he has been nominated for a TV Bafta. Peaky Blinders is to return with a Netflix movie, also starring Barry Keoghan. Australian Associated Press DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Get the latest property and development news here. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. WEEKLY Follow the Newcastle Knights in the NRL? Don't miss your weekly Knights update. 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Billionaire Bill Ackman Just Poured $2.2 Billion Into These 2 Incredible Stocks - The Motley FoolStarlink has increased its standard subscription prices to N75,000 again, following indications that the Nigerian Communications Commission (NCC) is set to approve an upward tariff hike for telecom operators. This is coming weeks after the internet service provider raised its standard subscription prices by 97.37 percent to N75,000, blaming high inflation. The NCC faulted the increase stating it had not approved the hike forcing Starlink to revert to status quo. However, there are indications that the regulator will approve its first tariff hike in a decade for the telecom sector following months of lobbying by operators who are declaring losses and have stopped investing. This tariff hike is expected to be across the board with operators like Starlink benefitting from it. In a new email to customers, the satellite internet provider announced its new tariff hike. “These changes reflect our commitment to investing in the infrastructure needed to support and improve your experience with Starlink,” the internet provider said. Under the new pricing structure, the lowest subscription tier (standard) will now cost N75,000 from N38,000. Mobile global roaming service will now cost N717,000 monthly, and mobile regional roaming will cost N167,000. The new prices will take effect from January 27, 2025, for existing customers, but will take effect immediately for new customers. This new hike is also expected to help the company resuming delivering its kits across the country after pausing orders in November. “We’re committed to providing high-speed internet in Nigeria and are working closely with regulators to make adjustments that will improve the customer experience. Until these changes are approved, we are placing new residential orders on hold,” the company said in November.