secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2022-05-24T23:59:59+00:00
Accession:  0000794170-22-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Toll Brothers Q2 EPS $1.85, revenue up 19% to $2.2B; backlog record $11.7B
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417022000022/0000794170-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417022000022/tol-20220524.htm
  HTML page:      https://secwatch.observer/filing/0000794170-22-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer