---
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"
generated_at: "2026-06-21T09:16:22.394856+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Toll Bros Q4 EPS $5.63 vs $3.02 YoY; contracts slump 56% on rate headwinds; guides FY23 EPS $8-$9

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01, 99.1
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-22-000044
- JSON: https://secwatch.observer/filing/0000794170-22-000044.json
- Plain text: https://secwatch.observer/filing/0000794170-22-000044.txt

## Key facts
- Earnings Releases
  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
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/794170/000079417022000044/0000794170-22-000044-index.htm
- Earnings Releases
  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
  source text: We are projecting an adjusted gross margin of 27.0% and earnings per share of $8.00 to $9.00 in FY 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417022000044/0000794170-22-000044-index.htm
- Earnings Releases
  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
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/794170/000079417022000044/0000794170-22-000044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.