8-K
filed December 6, 2022, 6:59 PM ET
ticker TOL
CIK 0000794170
earnings
confidence high
sentiment negative
materiality 0.85
Toll Bros Q4 EPS $5.63 vs $3.02 YoY; contracts slump 56% on rate headwinds; guides FY23 EPS $8-$9
Toll Brothers, Inc.
2022-FY EPS reported
$10.90
revenue$10,275,558,000
- Net income $640.5M ($5.63 diluted) vs $374.3M ($3.02) YoY; includes $138.4M benefit from SoCal Gas leak settlement.
- Q4 home sales revenue $3.6B (+21% YoY) on 3,765 deliveries (+13%); home sales gross margin 26.9% (adjusted 29.0%).
- Net signed contracts $1.3B (-56% YoY) with 1,186 units (-60%); backlog $8.9B (-7%) with 8,098 homes.
- FY2023 guidance: deliveries 8,000-9,000; adj gross margin 27.0%; EPS $8.00-$9.00, down from FY2022's $10.90.
- Repurchased 3.7M shares for $158.9M in Q4; ended FY with $1.3B cash and $1.8B revolver availability.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Toll Brothers, Inc. reported Fiscal Year 2022 results: revenue $9.71 billion, net income $1.29 billion, EPS $10.90.
- Period
- Fiscal Year 2022
- Revenue
- $9.71 billion
- Net income
- $1.29 billion
- EPS
- $10.90
- Result
- reported results
Exact text from the filing
• Net income was $1.29 billion, and earnings per share were $10.90 diluted, compared to net income of $833.6 million and $6.63 per share diluted in FY 2021. • Pre-tax income was $1.70 billion, compared to $1.10 billion in FY 2021. • Home sales revenues were $9.71 billion, up 15% compared to FY 2021; delivered homes were 10,515, up 5%.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Toll Brothers, Inc. reported Fiscal Year 2023 results: EPS $8.00 to $9.00. Guidance initiated.
- Period
- Fiscal Year 2023
- EPS
- $8.00 to $9.00
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
We are projecting an adjusted gross margin of 27.0% and earnings per share of $8.00 to $9.00 in FY 2023.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Toll Brothers, Inc. reported Fourth Quarter 2022 results: revenue $3.6 billion, net income $640.5 million, EPS $5.63.
- Period
- Fourth Quarter 2022
- Revenue
- $3.6 billion
- Net income
- $640.5 million
- EPS
- $5.63
- Result
- reported results
Exact text from the filing
• Net income and earnings per share were $640.5 million and $5.63 per share diluted, compared to net income of $374.3 million and $3.02 per share diluted in FY 2021’s fourth quarter. As previously disclosed, net income in the fourth quarter includes a $138.4 million net pre-tax benefit primarily related to the settlement of the Company's claims associated with a natural gas leak that occurred in Southern California in late 2015. • Pre-tax income was $841.1 million, compared to $499.7 million in FY 2021’s fourth quarter. • Home sales revenues were $3.6 billion, up 21% compared to FY 2021’s fourth quarter; delivered homes were 3,765, up 13%.
View on SEC.gov
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