Toll Brothers Q2 net income $320.2M, EPS $2.85 beats; raises FY guidance

Toll Brothers, Inc.

2023-Q2 EPS reported $4.56 revenue$4,287,148,000

Net income $320.2M ($2.85 diluted EPS) vs $220.6M ($1.85) YoY; home sales rev $2.49B +14%.
Net signed contracts $2.28B (-26% YoY); backlog $8.38B (-28%) reflecting slower demand.
Adjusted home sales gross margin 28.3% vs 26.1% YoY; SG&A down to 9.1% of rev from 11.1%.
Raises FY2023 guidance for deliveries, avg price, and gross margin; quarterly dividend raised 5% to $0.21.
Repurchased 1.4M shares ($83.8M); retired $400M senior notes; net debt-to-cap 23.5%.

item 2.02 item 9.01 item 99.1

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Toll Brothers, Inc. reported its second quarter ended April 30, 2023 results: revenue $2.5 billion, net income $320.2 million, EPS $2.85 per share diluted. Guidance raised.

Period: its second quarter ended April 30, 2023
Revenue: $2.5 billion
Net income: $320.2 million
EPS: $2.85 per share diluted
Guidance: raised
Result: reported results

Exact text from the filing

and $1.85 per share diluted in FY 2022’s second quarter. • Pre-tax income was $430.6 million, compared to $295.8 million in FY 2022’s second quarter. • Home sales revenues were $2.5 billion, up 14% compared to FY 2022’s second quarter; delivered homes were 2,492, up 4%. • Net signed contract value was $2.3 billion, down 26% compared to FY 2022’s second quarter;

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Source: SEC EDGAR

accession 0000794170-23-000039

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