Toll Brothers, Inc.
Industry: Construction/Agriculture/Construction Services

Toll Brothers builds luxury single-family and attached home communities and master- planned luxury multi-product residential golf course communities principally on land it develops and improves. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, landscape, cable T.V. and broadband Internet delivery subsidiaries. The Company also operates its own lumber distribution, and house component assembly and manufacturing operations. For more information visit www.tollbrothers.com.

Business Summary
Toll Brothers, Inc. engages in the development, construction, financing, and sale of residential homes in the United States. It builds luxury single-family detached and attached home communities; master planned luxury residential resort-style golf communities; and urban low, mid, and high-rise communities principally on land it develops and improves. The company’s operations include architecture, engineering, mortgage, title, land development and sale, golf course development and management, home security, landscape, cable T.V. and broadband Internet delivery, lumber distribution, and house component assembly. In addition, it owns and operates golf courses and country clubs. The company serves move-up, empty-nester, active-adult, and second-home home buyers. It markets its communities through direct sales force, local cooperative realtors, newspapers, billboards, and Internet in Arizona, California, Florida, Delaware, Maryland, Pennsylvania, and South Carolina. As of October 31, 2004, the company operated 292 communities comprising approximately 24,343 home sites. Toll Brothers was formed in 1967 and is headquartered in Montgomery County, Pennsylvania.

Financial Summary
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