secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0000794170-23-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417023000028/0000794170-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417023000028/tol-20230221.htm
  HTML page:      https://secwatch.observer/filing/0000794170-23-000028

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