secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0000794170-23-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417023000039/0000794170-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417023000039/tol-20230523.htm
  HTML page:      https://secwatch.observer/filing/0000794170-23-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer