HORSHAM, Pa., Feb. 22, 2016 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, has been named the Most Admired Home Building Company in Fortune magazine's survey of the World's Most Admired Companies for 2016. The survey, which began with over 1,500 companies across more than 50 industries, asked over 4,000 executives, directors, and analysts to rate companies in their own industry on 9 criteria.
In addition to receiving the top ranking overall in the Home Builder sector, Toll Brothers ranked #6 among all 1,500 companies in the survey in the Quality of Products/Services category behind only Apple, Walt Disney, Amazon, Alphabet, and Nordstrom, and ahead of Netflix, Facebook, Alcoa and Wynn Resorts, the group that comprised the top 10 ranked companies. Within the Home Builder sector, Toll Brothers ranked #1 in the following categories: Innovation, Social Responsibility, Quality of Management, Financial Soundness, and Quality of Products/Services.
Douglas C. Yearley, Jr., Toll Brothers' chief executive officer, stated: "We have won many prestigious awards in our nearly 50 years in business–U.S. Builder of the Year several times, America's Best Builder, and The National Housing Quality Award among many others. But to be ranked #6 in the world across all industries for the quality of our products and services in Fortune magazine's survey of the World's Most Admired Companies-behind only Apple, Walt Disney, Amazon, Alphabet, and Nordstrom–must be the greatest honor in our history.
"This recognition, coupled with, again, being ranked by Fortune magazine as the Most Admired Home Building Company among the World's Most Admired Companies, is an incredible tribute to our Toll Brothers associates and their dedication to our customers and our communities."
Robert I. Toll, Toll Brothers' executive chairman, stated: "We thank Fortune magazine for these tremendous honors. Our goal has always been to provide our customers with the homes of their dreams. To have this effort recognized by such a prestigious group of executives and analysts and to be grouped among the finest companies in the world for the quality of our products reflects wonderfully on the customer-focused culture that drives our business each and every day. It is a marvelous acknowledgement of the hard work and commitment of the entire Toll Brothers team."
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 1,500 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.
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, and 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 Brothers Apartment Living, Toll Brothers Campus Living, and the affiliated Toll Brothers Realty Trust, and develops urban low-, mid-, and high-rise for-sale condominiums through Toll Brothers City Living.
In addition to being named as the Most Admired Home Building Company in Fortune magazine's survey of the World's Most Admired Companies for 2016, 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.
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 (tollbrothers.com/investor_relations).
Source:Toll Brothers, Inc.