Toll Brothers settles Aliso Canyon gas leak claims for $192.5M, expects $138M pre-tax benefit in Q4

Toll Brothers, Inc.

Settlement with Southern California Gas Company for $192.5 million resolves claims from October 2015-February 2016 Aliso Canyon gas leak.
Expects pre-tax gain of ~$148 million in Q4 fiscal 2022, net of legal fees and expenses.
Will seed a new Toll Brothers Charitable Foundation with ~$10 million expense.
Combined pre-tax benefit of ~$138 million expected in Q4 fiscal 2022.
Updated Q4 guidance for 'Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other' to $140M.

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