---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-23-000039"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2023-05-23T23:59:59+00:00"
generated_at: "2026-06-14T17:40:01.946075+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000794170-23-000039
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2023-05-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417023000039/0000794170-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417023000039/tol-20230523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-23-000039
- JSON: https://secwatch.observer/filing/0000794170-23-000039.json
- Plain text: https://secwatch.observer/filing/0000794170-23-000039.txt

## Key facts
- Earnings Releases
  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
  source text: 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;
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417023000039/0000794170-23-000039-index.htm

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