earnings
confidence high
sentiment positive
materiality 0.80
Toll Brothers Q2 EPS $1.85, revenue up 19% to $2.2B; backlog record $11.7B
Toll Brothers, Inc.
2022-Q2 EPS reported
$3.08
revenue$4,068,622,000
- Net income $220.6M vs $127.9M; diluted EPS $1.85 vs $1.01 YoY; home sales gross margin 24.1% vs 21.9%.
- Home sales revenue $2.19B on 2,407 units (+6% units, +19% revenue); net signed contracts $3.09B (2,874 homes, -18% volume).
- Backlog value $11.71B (11,768 homes, +35% value, +16% homes); community count 328 vs 320 YoY.
- Board authorized repurchase of up to 20M shares (~$900M at market price); quarterly dividend raised 18% to $0.20/share.
- FY2022 guidance: deliveries 11,000-11,500 units, adjusted gross margin 27.5%, revenue growth ~20%.