secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0000794170-22-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Toll Brothers Q3 EPS $2.35 up 26% YoY, but new contracts plunge 44%; FY22 deliveries guidance cut
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- Net income $273.5M ($2.35 diluted EPS) vs $234.9M ($1.87) a year ago; revenue $2.3B up 1%.
- Net signed contract value $1.66B, down 44% YoY; contracted homes 1,266, down 60%.
- Backlog $11.2B up 19%; home sales gross margin 26.0% vs 22.7%.
- FY2022 delivery guidance lowered to 10,000-10,300 units from prior view; Q4 adj. gross margin guided 29.2%.
- Repurchased ~2M shares for $91.6M at avg. $44.93; quarterly dividend $0.20 paid in July.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417022000029/0000794170-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417022000029/tol-20220823.htm
  HTML page:      https://secwatch.observer/filing/0000794170-22-000029

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