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Toll Brothers Inc
F:TLK

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Toll Brothers Inc
F:TLK
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Price: 131.4 EUR 0.15%
Market Cap: €13.5B

Toll Brothers Inc
Investor Relations

Toll Brothers builds and sells luxury homes in the United States. It develops land, designs neighborhoods, and constructs single-family houses, townhomes, and attached homes, often in planned communities with amenities. The company also offers related services such as home design choices, financing referrals, and title and settlement services through partners. Its main customers are move-up buyers, active adults, and affluent households looking for new construction rather than resale homes. Toll Brothers makes money mainly by selling completed homes and by earning fees tied to land development, design upgrades, and closing-related services. Because it controls much of the homebuilding process, it can shape the product from land acquisition to final sale. What makes the business different is its focus on the luxury end of the housing market, where buyers care about location, design, and customization. That gives Toll Brothers a more premium product than mass-market builders, and it often sells through communities it plans and develops itself. The company sits at the end of the real estate value chain, turning raw land into finished neighborhoods and homes.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
May 20, 2026
AI Summary
Q2 2026

Beat and raise: Toll Brothers beat second-quarter guidance on revenue, margin, SG&A and EPS, then raised full-year guidance across its key homebuilding metrics.

Demand held up: Even in a tough housing market, net agreements rose 7% in units and orders stayed flat per community, while early third-quarter deposits were modestly up year over year.

Luxury helps: Management said its affluent, luxury move-up customer remains more resilient than the broader market and now makes up 62% of home sales revenue.

Margins strong: The company kept incentives flat at 8% of gross sales price for a fourth straight quarter and said lower finished-spec inventory should support margins later in the year.

Capital returns: Toll repurchased $175 million of stock in the quarter, lifted its dividend, and reiterated its plan to buy back $650 million in fiscal 2026.

Buffington deal: The newly closed Buffington Homes acquisition expands Toll into Northwest Arkansas and added confidence to the full-year delivery outlook.

Key Financials
Home deliveries
2,491
Average delivered price
$1,009,000
Homebuilding revenue
$2.5 billion
Adjusted gross margin
26.2%
SG&A as a percentage of revenue
10.3%
Net income
$260.6 million
Diluted EPS
$2.72
Net agreements
2,834
Net agreements value
$2.8 billion
Average contract price
$990,600
Communities selling
459
Share repurchases
$175 million
Dividend
Raised
Liquidity
$3.3 billion
Cash
$1.1 billion
Revolving credit availability
$2.2 billion
Net debt-to-capital ratio
15.4%
Cancellation rate
2.9% of beginning quarter backlog
Cancellation rate on signed contracts
4.8%
Finished specs per community
2
Finished spec inventory
down 28%
Build-to-order cycle time
approximately 9 months
Lots owned or controlled
76,800
Optioned lots
58%
Design studio upgrades, structural options and lot premiums
$219,000
Third quarter tax rate
approximately 26.0%
Full-year tax rate
approximately 25.5%
Third quarter interest in cost of sales
approximately 1.1%
Other income / unconsolidated entities / land sales gross profit
$9.3 million
Share count
approximately 95 million
Backlog expected to close in fiscal 2026
about 4,100
Buffington lots in pipeline
approximately 1,500
Buffington expected settlements
50
Land banked revenue mix
about 20%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Douglas C. Yearley Jr.
Chairman & CEO
No Bio Available
Mr. Robert Parahus
President & COO
No Bio Available
Mr. Martin P. Connor CPA
Senior VP & CFO
No Bio Available
Mr. Michael J. Grubb
Senior VP & Chief Accounting Officer
No Bio Available
John Critikos
Chief Information Officer & Senior VP
No Bio Available
Mr. Gregg L. Ziegler
Senior VP of Investor Relations & Treasurer
No Bio Available
Mr. Timothy J. Hoban J.D.
Chief Compliance Officer, General Counsel & Senior VP
No Bio Available
Ms. Wendy L. Marlett
Executive VP & Chief Marketing Officer
No Bio Available
Ms. Kellie Hall
Chief Human Resources Officer
No Bio Available
Mr. Frederick N. Cooper
Senior Vice President of Strategic Partnerships
No Bio Available

Contacts

Address
PENNSYLVANIA
Fort Washington
1140 Virginia Drive
Contacts
+12159388000.0
www.tollbrothers.com
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