Toll Brothers Q1 EPS $1.70 beats guidance; reaffirms FY2023 outlook

Toll Brothers, Inc.

2023-Q1 EPS reported $1.70 revenue$1,780,169,000

Net income $191.5M ($1.70 diluted EPS) vs $151.9M ($1.24) YoY; pre-tax income up 26% to $253.8M.
Home sales revenue $1.7B (+4% YoY) on 1,826 deliveries (-5%); adjusted gross margin 27.5% (+190 bps).
Net signed contracts $1.5B (-51% YoY); backlog $8.6B (-21%) with 7,733 homes (-32%).
Reaffirmed FY2023 guidance: adjusted gross margin 27.0%, EPS $8.00-$9.00; Q2 deliveries guided 2,050-2,150.
Repurchased ~187,300 shares for $9.4M; new $1.905B revolver maturing Feb 2028; dividend $0.20/share.

item 2.02 item 9.01 item 99.1

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Toll Brothers, Inc. reported first quarter ended January 31, 2023 results: revenue $1.75 billion, net income $191.5 million, or $1.70 per share diluted. Guidance reaffirmed.

Period: first quarter ended January 31, 2023
Revenue: $1.75 billion
Net income: $191.5 million, or $1.70 per share diluted
Guidance: reaffirmed
Result: reported results

Exact text from the filing

stated: “We are very pleased with our strong first quarter results, as we exceeded the midpoint of our guidance on all key metrics. We delivered 1,826 homes and generated $1.75 billion in home building revenue, increased our adjusted gross margin by 190 basis points year-over-year to 27.5%, and decreased our SG&A expense, as a percentage of revenue, by 130

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Source: SEC EDGAR

accession 0000794170-23-000028

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