secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0000794170-22-000044
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417022000044/0000794170-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417022000044/tol-20221206.htm
  HTML page:      https://secwatch.observer/filing/0000794170-22-000044

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