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BOULDER, Colo. — Travis Hunter is a throwback-type player — an elite receiver one moment, a lockdown cornerback the next — who rarely leaves the field and has a knack for making big plays all over it. The Colorado Buffaloes' two-way standout (see: unicorn) even celebrates at an elite level, unveiling imaginative dance moves following touchdowns and interceptions, some of which include the Heisman Trophy pose. It's one of the many awards he's in line to win. Hunter is the The Associated Press college football player of the year, receiving 26 of 43 votes Thursday from a panel of AP Top 25 voters. Boise State tailback Ashton Jeanty finished second with 16 votes and Arizona State running back Cameron Skattebo received one vote. "Couldn't do what I do without my team," Hunter said in an email on a trip to Las Vegas for an awards ceremony. "So I view being up for these awards as team awards." A player with his particular set of skills doesn't come around that often. He's a flashback to the days of Charles Woodson at Michigan or Champ Bailey at Georgia. Or even his coach, Deion Sanders, a two-way star in the NFL. The prospect of significant playing time on both sides of the ball is what led Hunter to join Sanders at Jackson State and why he followed Sanders to Boulder. "Coach Prime was the only coach who would consider allowing me to do what I'm doing," said Hunter, who's expected to be a top-five pick next spring in the NFL draft, possibly even the No. 1 overall selection. "He did it and knows what it takes — how much you have to be ready on both sides of the ball." Want to fuel Hunter? Simply tell him he can't. "I'm motivated when people tell me I can't do something," Hunter said. "That I can't dominate on both sides of the ball. I want to be an example for others that anything is possible. Keep pursuing your dreams." Hunter helped the 20th-ranked Buffaloes to a 9-3 record this season and a berth in the Alamo Bowl against No. 17 BYU (10-2) on Dec. 28. He played 688 defensive snaps and 672 more on offense — the lone Power Four conference player with 30-plus snaps on both sides of the ball, according to Colorado research. Hunter has already won a second straight Paul Hornung award as the game's most versatile player. He's up for the Walter Camp (player of the year), Maxwell (most outstanding player), the Biletnikoff (best receiver) and Bednarik (top defensive player) awards. And, of course, the Heisman, where he's the odds-on favorite to win over Jeanty this weekend. Hunter can join the late Rashaan Salaam as the only Colorado players to capture the Heisman. Salaam won it in 1994 after rushing for 2,055 yards. Hunter wasn't a finalist for the Jim Thorpe Award, which goes to the nation's top defensive back. That drew the wrath of Sanders, who earned the award with Florida State in 1988 and vowed to give his trophy to Hunter. Hunter's high school coach, Lenny Gregory, knew he had a special player the summer of Hunter's freshman year. Gregory, then the coach at Collins Hill in Georgia, had a conditioning test for his players — run six 200-yard dashes with a minute rest in between. Defensive backs had to complete each in under 32 seconds. Hunter never even got winded. He played safety/cornerback and receiver as a freshman and helped Collins Hill to a state title his senior season. "I remember just talking to colleges the spring of his ninth-grade year and telling coaches that this kid's going to be the No. 1 player in the country," recounted Gregory, who's now the coach at Gordon Central High in Calhoun, Georgia. "They'd look at him and laugh at me, 'What are you talking about? This scrawny kid? He's not big enough.' I was like, 'Just watch. Just watch.'" Hunter finished the regular season with 92 catches for 1,152 yards and 14 touchdowns as a receiver. On defense, he had four interceptions, broke up 11 passes and forced one crucial fumble, which secured an OT win over Baylor. Overall, Hunter had 92 receptions and allowed 22. He hauled in 14 receiving TDs and allowed just one. He was responsible for 53 first downs and gave up just six. He was targeted 119 times by Shedeur Sanders & Co. but only 39 times by opposing QBs. Hunter's likely final game in Boulder, a rout of Oklahoma State, was a three-touchdown, one-interception performance. "I'm used to seeing him do all this spectacular stuff," Shedeur Sanders said. "I'm used to all this stuff — you all are just now seeing it on national stage."Man threatened to bash his dad, told mum to drop allegations made to cops
UNC football head coach Bill Belichick is not expected to attend the Tar Heels' Fenway Bowl game against UConn, per ESPN's Pete Thamel . Belichick signed a five-year, $50 million contract with the Tar Heels to coach the team for the 2025-2029 seasons. In the meantime, interim coach Freddie Kitchens is leading the team on the field after UNC parted ways with ex-head coach Mack Brown. Kickoff in Boston's Fenway Park is slated for Saturday morning at 11 a.m. ET. This article will be updated soon to provide more information and analysis. For more from Bleacher Report on this topic and from around the sports world, check out our B/R app , homepage and social feeds—including Twitter , Instagram , Facebook and TikTok .Cardano Price Forecast: ADA To Break $5, But This Dogecoin Rival Is Expected To Rally 40,000% From $0.02 To $8 In Q1 2025
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.Govt appoints Waheed Ahmed as PCSIR council member KARACHI: The federal government has appointed Waheed Ahmed, the patron-in-chief of the Pakistan Fruit and Vegetable Association (PFVA) and director of Iftekhar Ahmed and Co, as a member of the Pakistan Council of Scientific and Industrial Research (PCSIR) Council. This appointment highlights Ahmed’s vast expertise and experience in the horticulture and value-added agriculture sectors. The PCSIR council, which includes experts, government officials and industry representatives, aims to drive knowledge-based economic growth through scientific research, innovation and industrial development via public-private partnerships. The council’s initiatives will focus on promoting advanced technologies, boosting industrial competitiveness and fostering economic progress.i nterview The film industry has evolved in many ways over the past decade. The COVID-19 pandemic has had a significant impact on the filmmaking and cinema industry since the beginning of 2020. The future of filmmaking is all about creating immersive and interactive experiences for the audience. Technology has revolutionised the entire filmmaking process, enhancing every aspect from production to distribution. Cinematography techniques have been vastly improved with the advent of digital cameras, enabling filmmakers to capture high-quality footage with greater flexibility and affordability. ‘Umro Ayyar - A New Beginning’ is a Pakistani science fiction fantasy film, directed by Azfar Jafri and written by Atif Siddique. The film is based on the Persian-Urdu novel character Umro Ayyar from Hamzanama. The film is produced by Huma Jamil Babar under the banner of VR Chili Production. In an exclusive interview with You! Huma Jamil Babar, the mastermind behind ‘Umro Ayyar’, shares her journey with our readers. Read on... What inspired you to venture into film production? I was a lawyer, advocating for human and women’s rights, but I wanted more. I realised that my message wasn’t reaching far enough. I needed a wider audience, so, I chose media as my new platform. After discussing ideas with my children and their friends, I discovered that sci-fi films and comic characters resonated deeply with today’s generation. This sparked my decision to create a film in the same genre. I told Atif to build a story around the iconic character Umro Ayyar, and that’s how my filmmaking journey began. What drew you to Umro Ayyar as the subject of your film? Two factors drew us to Umro Ayyar. First, his name, his timeless character, and legendary status resonates deeply with audiences of all ages. His classic stories, familiar since childhood, made it the ideal choice for our sci-fi film. Secondly, we sought to break away from traditional love stories and gender stereotypes. Umro Ayyar’s character allowed us to create a narrative where all characters, regardless of gender, play pivotal roles. How did you handle the VFX process? For Umro Ayyar’s visual effects, we enlisted a skilled team from Hollywood. Given the extensive VFX requirements, we established our own state-of-the-art VFX studio in Islamabad, where the Hollywood team worked on most of the film’s shooting and post-production VFX. Will the studio serve beyond Umro Ayyar? Absolutely, the studio will be used for our upcoming projects. We also invite other filmmakers, both local and international, to utilise the facility. This will help us optimise production costs. Can you walk us through the film’s production process? The idea for ‘Umro Ayyar’ struck me in 2019, and I began working on the project that same year. Then, Covid-19 hit the world. Despite that, we began shooting, taking extensive precautions to ensure the safety of our 300-person crew. Thankfully, no one contracted Covid during filming. Shooting during the pandemic had its advantages. With minimal global activity, our international team from Hollywood could focus solely on our project without interruptions or time constraints. However, the completion process took considerable time due to the sci-fi genre’s demands on editing, VFX (visual effects), and post-production. The film finally released in June 2024. Does the title, ‘Umro Ayyar: The New Beginning’ hint at more installments? Exactly! We have already released a teaser poster at Comic-Con San Diego, announcing the prequel ‘Umro Ayyar: The King of Trickster’. This film explores the back story of Umro Ayyar. Inspired by Hollywood’s prequel and sequel approach, we are expanding the Umro Ayyar universe. Will the next installment retain the same cast and direction team? That’s a surprise! We’re keeping the cast and crew details under wraps for now. Do you have other projects in the pipeline? Yes, we have several projects in development, including web series and films. Our upcoming projects include ‘Umro Ayyar: The King of Trickster’, ‘Saif-ul-Malook’, a film, and ‘Iqbal’, a project in its initial phase which could be a movie or series. We have two more projects in pipeline; ‘Princess of Hope and The Chasers’. We are working on it but the priority is to release the prequel of ‘Umro Ayyar’. How will you recoup investments in science fiction films amid Pakistan’s cinema landscape? We are targeting the international market. While we have received positive feedback locally, our films also attract international audiences curious about Pakistan’s cinematic capabilities. The film participated in the Red Sea International Film Festival (RSIFF), held in Saudi Arabia. The film was praised for being a visual treat and a good introduction to Pakistan’s first superhero. Any TV projects planned? Not currently, but possibly in future. As a producer, what has your experience been like making films in Pakistan? Producing films in Pakistan is incredibly challenging due to lack of industry infrastructure and government support. Each project requires starting from scratch without any systemic assistance. Did you face specific difficulties as a female producer in Pakistan? I didn’t let my gender define my experience. I focused on my strong willpower and intention to succeed. As the producer and financier of my own project, I possibly faced fewer challenges. However, I acknowledge that others in filmmaking may face difficulties due to gender. Do you have any memorable incidents from the Umro Ayyar shoot? One notable incident stands out. After wrapping up our shoot at an under-construction building, we mistakenly left behind massive statues used in the shoot. To our surprise, they appeared in a music video just days later. It turned out the music video producers had shot at the same location and used our statues. We retrieved them, but - our props had been revealed before our film’s release.
Cleveland BrownsGames on a college basketball schedule don't contrast much more than the two NC State has this week. The Wolfpack (6-3) host Coppin State (0-10) on Tuesday in Raleigh, N.C., then hit the road to challenge No. 10 Kansas on Saturday. NC State enters its unusual week after snapping a three-game skid with an 84-74 overtime win at home Saturday against Florida State in its Atlantic Coast Conference opener. Transfers Marcus Hill and Dontrez Styles each had their season high, scoring 23 and 21 points, respectively. They scored 13 of NC State's 14 points in overtime. "Dontrez Styles was tremendous," Wolfpack coach Kevin Keatts said. "In the second half, he made play after play." Hill, who was the top scorer last year at Bowling Green (20.5 points per game), and Styles, who was the second-leading scorer last year at Georgetown (12.8 ppg), combined to hit 14 of 25 shots and pull down 11 rebounds. The win followed defeats to then-No. 13 Purdue and BYU, both by double-digit margins, in the Rady Children's Invitational and a 63-59 loss to Texas in the SEC/ACC Challenge. "The little things that impact the game are defending, making free throws and blocking out," Keatts said. "We handled that much better than we did against Texas." Coppin State arrives in Raleigh on a 23-game losing streak dating to January -- the longest current run of futility in Division I. Each of the Eagles' losses this season have come by double-digit margins, though they have been more competitive lately, falling to Baltimore rival Loyola (Md.) 68-57 and at Wagner 65-52 last week. Julius Ellerbe III has been one of Coppin's most reliable players lately, scoring a combined 20 points in the last two games. He had 16 points and 12 rebounds in a loss to George Mason last month. Teammate Peter Oduro recorded a double-double, with 16 points and 10 rebounds, in last month's loss at Saint Joseph's. "These things take time," Coppin State second-year coach Larry Stewart said. "It takes time to establish your culture. It takes time to get the right players in your system." --Field Level Media
The Idaho Transportation Department has received a $20 million grant to create three underpasses that will allow a herd of mule deer to safely cross a local highway. The underpasses will be built on U.S. Highway 30 between Montpelier and the Idaho-Wyoming border. There is a large herd of mule deer that cross the highway in that area. "We have a high rate of road kill and collisions in that area," said Alissa Salmore, an ITD environmental planner. "There is a lot of interest from the locals in trying to alleviate car crashes." Salmore said ITD received the grant through the Wildlife Crossings Pilot Program, a national initiative in its second year of providing funding. "We put in a grant application in August and were notified that we were successful last week," Salmore said. ITD worked with Idaho Fish and Game throughout this process of getting the grant approved. The agencies have been looking for a solution to alleviate the collisions with mule deer on Highway 30 for about 10 years. "Fish and Game is interested in the mule deer," Salmore said. "Having that much mortality with that herd was a big risk to their long-term existence." The project will involve creating three underpasses along Highway 30 for use as safe nature bridges that the mule deer can walk through. ITD and Fish and Game will work on ways to funnel the deer through the underpasses. "There will be some wire fencing along the road," Salmore said. Salmore said everyone involved with the project was excited when they found out they had received the grant. "We knew our project was exactly what the (Wildlife Crossings Pilot Program) was looking for," Salmore said. This project will help make Highway 30 in that area safer for everyone. It will prevent people from getting hurt in wildlife-related car accidents and it will protect the wildlife as well. "This project really helps people," Salmore said. "It is a safety project. It's protecting the community and protecting the deer." ITD hopes to get this project started sometime in 2025. "We have a lot of the design done already," Salmore said. "We hope to go to construction as soon as possible."Trump says he can't guarantee tariffs won't raise US prices and won't rule out revenge prosecutions
NEW YORK — Talaysia Cooper scored 19 of her 23 points in the second half to help Tennessee beat No. 17 Iowa 78-68 on Saturday night in the inaugural Women's Champions Classic. Her jumper with 3:04 left in the fourth gave the Lady Vols (7-0) a 68-67 lead and sparked a 12-1 run to close the game away. Cooper scored four straight in the spurt including one off a steal on the inbounds with 1:23 left to seal the victory. Lucy Olsen scored 23 points for Iowa (8-1), which committed a season-high 30 turnovers. No. 2 UConn routed 22nd-ranked Louisville 85-52 in the second game of the doubleheader. It was a matchup of two first-year head coaches at their schools. Jan Jensen took over for Lisa Bluder, who retired in the offseason after leading Iowa to two straight national championship games. Jensen, who was an assistant at Iowa for the previous 24 years, was the first coach in school history to begin her career 8-0. Kim Caldwell came to Tennessee after a successful stint at Marshall and before that at Division II Glenville State. She brought her fast-paced pressing style to Tennessee as well as her hockey line changes. The Lady Vols constantly sub players in and out every minute or two to keep them fresh. Iowa struggled against the frantic pace and committed 18 of its turnovers in the first half as the game was tied at 35 at the break. Neither team could build much of a lead in the second half until Cooper sparked the game-changing run in the final few minutes. Chamique Holdsclaw, Diamond DeShields, Rickea Jackson, Andraya Carter and Sue Bird were all in attendance at Barclays Center, sitting courtside along with WNBA Commissioner Cathy Engelbert. This was the first meeting between the storied programs since 1993 when Pat Summitt and C. Vivian Stringer were coaching the schools. Stay Informed: Subscribe to Our Newsletter Today
Fortinet Launches FortiAppSec Cloud to Strengthen Web SecurityWithout Jalen Hurts at QB, Eagles bid to wrap up NFC East vs. Cowboys
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Travis Hunter named AP player of the yearLAS VEGAS (AP) — The Broncos are 0-4 in Las Vegas, but in a matchup of teams heading in opposite directions, Denver has more at stake than trying to end a series skid. A victory over the Raiders puts the Broncos that much closer to an unexpected playoff berth, playing with a rookie quarterback and just a year after they went 8-9. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Rays will play 13 of first 16 games at home and 47 of 59, then have 69 of last 103 on roadEmail Hosting Services Market to Exhibit a Remarkable CAGR of 19.00% by 2031, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive OutlookPrime Minister Anthony Albanese has been labelled the weakest leader since the early 2000s as Labor prepare to go into damage control following a new poll. A Newspoll, released Sunday night, on the key characteristics deemed crucial to run the country found Mr Albanese had continued to fall behind Opposition Leader Peter Dutton. Voters were questioned on nine categories relating to the two party leaders including experience, decisive and strong, has a vision for Australia, understands the major issues, cares for people, arrogant, likeable, in touch with voters and trustworthiness. Mr Albanese lost points in seven of the nine categories. On being decisive and strong, the PM dropped from 49 per cent agree back in June to 44 per cent in December, while Mr Dutton remain at 60 per cent. That statistic comes amid the government continuing to come under pressure from Australians and the Coalition over antisemitism in the country and the accusation Labor are not acting strong enough on incidents such as the Melbourne synagogue fire. The targeted attack on Friday left at least one worshipper injured and the Jewish community angry at the lack of action from politicians and even police. The Australian Federal Police's Deputy Commissioner Krissy Barrett is set to fly from the nation's capital to Melbourne on Monday for talks with counter-terrorism police to determine if the latter should be part of the investigation into the synagogue attack. Mr Albanese on Sunday said he believed the act was terror-related . In the poll conducted for The Australian, the PM also dropped to 56 per cent when voters were asked if they agree he had a vision for Australia's future. Mr Dutton surveyed stronger, rising from 59 per cent to 61 per cent. Both leaders remained the same from the last poll on understanding the major issues category, with Mr Albanese at 54 per cent, while Mr Dutton is on 58 per cent. While the PM's stakes rose in terms of experience, two points up to 68 per cent, his rival remained ahead with 70 per cent believing he is more experienced. Mr Dutton meanwhile is not resonating with voters in terms of his personality, with his likeability (40 per cent), trustworthiness (41 per cent), cares for people (45 per cent), all behind on Mr Albanese. Respondents say Mr Dutton is also more arrogant (58 per cent). Despite the positive results for the Opposition Leader, he still lost three points to the Labor leader in terms of who would make the better PM (45 per cent to 38 per cent). The two-party preferred is also back at a tie on 50-50 two-party preferred, after the Coalition was ahead by two points the previous couple of months. Asked if an election was held today and who would they vote for, the Coalition dropped one point to 39 per cent while Labor remained steady at 33 per cent. The Newspoll was conducted exclusively for The Australian between December 2 and December 6 last week, questioning 1,258 voters across the country.