{"schema_version":"secwatch.filing_event.v1","accession":"0000794170-22-000044","form_type":"8-K","ticker":"TOL","cik":"0000794170","company_name":"Toll Brothers, Inc.","filed_at":"2022-12-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.583661+00:00","generated_at":"2026-06-21T09:16:22.394856+00:00","sec_items":["2.02","9.01","99.1"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Toll Bros Q4 EPS $5.63 vs $3.02 YoY; contracts slump 56% on rate headwinds; guides FY23 EPS $8-$9","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000794170-22-000044","json":"https://secwatch.observer/filing/0000794170-22-000044.json","markdown":"https://secwatch.observer/filing/0000794170-22-000044.md","text":"https://secwatch.observer/filing/0000794170-22-000044.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/794170/000079417022000044/0000794170-22-000044-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/794170/000079417022000044/tol-20221206.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T09:16:22.394856+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5d6849dadee2f799ebdfcf84d30f216e59a581cf","claim":"Toll Brothers, Inc. reported Fiscal Year 2022 results: revenue $9.71 billion, net income $1.29 billion, EPS $10.90.","evidence_excerpt":"• 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%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/794170/000079417022000044/0000794170-22-000044-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fiscal Year 2022"},{"label":"Revenue","value":"$9.71 billion"},{"label":"Net income","value":"$1.29 billion"},{"label":"EPS","value":"$10.90"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"90c6ff72e2f7543bfafeb6d1543477ba3e7ab359","claim":"Toll Brothers, Inc. reported Fiscal Year 2023 results: EPS $8.00 to $9.00. Guidance initiated.","evidence_excerpt":"We are projecting an adjusted gross margin of 27.0% and earnings per share of $8.00 to $9.00 in FY 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/794170/000079417022000044/0000794170-22-000044-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fiscal Year 2023"},{"label":"EPS","value":"$8.00 to $9.00"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"cc2126074d3cf8bd009de452dcacc75daae21f07","claim":"Toll Brothers, Inc. reported Fourth Quarter 2022 results: revenue $3.6 billion, net income $640.5 million, EPS $5.63.","evidence_excerpt":"• 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%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/794170/000079417022000044/0000794170-22-000044-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth Quarter 2022"},{"label":"Revenue","value":"$3.6 billion"},{"label":"Net income","value":"$640.5 million"},{"label":"EPS","value":"$5.63"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}