---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-23-000028"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:32:25.338596+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000794170-23-000028
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417023000028/0000794170-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417023000028/tol-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-23-000028
- JSON: https://secwatch.observer/filing/0000794170-23-000028.json
- Plain text: https://secwatch.observer/filing/0000794170-23-000028.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417023000028/0000794170-23-000028-index.htm

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