HORSHAM, Pa., Feb. 20, 2015 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, has been named this week as the Most Admired Home Building Company in Fortune magazine's survey of the World's Most Admired Companies for 2015. The survey, released this week, which began with over 1,400 companies across more than 50 industries, asked over 4,000 executives, directors, and analysts to rate companies in their own industry on nine criteria. In addition to receiving the top ranking overall, Toll Brothers ranked #1 in the following categories: Quality of Management, Use of Corporate Assets, Long-Term Investment, and People Management.
Douglas C. Yearley, Jr., Toll Brothers' chief executive officer, stated: "We are extremely pleased to have been ranked by Fortune magazine as the Most Admired Home Building Company among the World's Most Admired Companies. This recognition speaks not only to the quality of our homes and communities, but also to the core of our business culture, our financial strength, our personnel, and our corporate management strategy."
Robert I. Toll, Toll Brothers' executive chairman, stated: "This honor reflects the tremendous effort and commitment put forth each and every day by the Toll Brothers team to deliver top value to our customers and our shareholders. We cannot thank them enough for their hard work and dedication."
According to Fortune, the Most Admired list is the definitive report card on corporate reputations. Fortune's survey partners at Hay Group started with approximately 1,400 companies: the Fortune 1,000, consisting of the 1,000 largest U.S. companies ranked by revenue, and non-U.S. companies in Fortune's Global 500 database with revenues of $10 billion or more. Hay then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 668 companies from 29 countries. To create the 55 industry lists, Hay asked over 4,100 executives, directors, and securities analysts to rate companies in their own industry on nine criteria, from investment value to social responsibility.
Toll Brothers, Inc., A FORTUNE 1000 Company, is the nation's leading builder of luxury homes. The Company began business 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 move-up, empty-nester, active-adult, and second-home buyers and operates in 19 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington, as well as in the District of Columbia.
Toll Brothers builds an array of luxury residential single-family detached, attached home, master planned resort-style golf, and urban low-, mid-, and high-rise 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, and landscape subsidiaries. The Company also operates its own lumber distribution, house component assembly, and manufacturing operations. The Company purchases distressed loan and real estate asset portfolios through its wholly owned subsidiary, Gibraltar Capital and Asset Management. The Company acquires and develops commercial and apartment properties through Toll Commercial and Toll Apartment Living, and the affiliated Toll Brothers Realty Trust, and develops urban low-, mid-, and high-rise for-sale condominiums through Toll Brothers City Living.
Toll Brothers is proud to have been named 2015 America's Most Trusted Home Builder™ by Lifestory Research, an award which was based on a study of 43,200 new home shoppers in the nation's top 27 housing markets. Toll Brothers was named 2014 Builder of the Year by Builder magazine, and is honored to have been awarded Builder of the Year in 2012 by Professional Builder magazine, making it the first two-time recipient. Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company sponsors the Toll Brothers Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world. For more information, visit www.tollbrothers.com.
Source:Toll Brothers, Inc.