Toll Brothers Q3 EPS $3.73 beats; raises full-year guidance

Toll Brothers, Inc.

2023-Q3 EPS reported $8.28 revenue$6,974,790,000

Q3 net income $414.8M ($3.73 diluted EPS) vs $273.5M ($2.35) YoY; home sales rev $2.7B +19%.
Net signed contracts $2.2B (+30% value, +77% units YoY); backlog $7.9B (-30%).
Adjusted home sales gross margin 29.3% vs 27.9% YoY; SG&A margin 8.6% vs 10.3%.
Raised FY2023 guidance: deliveries 9,500-9,600, adj. gross margin 28.5%, SG&A 9.4%.
Repurchased ~1.9M shares for $147.3M; S&P upgraded to investment grade; net debt-to-capital 20.5%.

item 2.02 item 9.01 item 99.1

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Toll Brothers, Inc. reported third quarter ended July 31, 2023 results: revenue $2.67 billion, net income $414.8 million, EPS $3.73 per share diluted. Guidance raised.

Period: third quarter ended July 31, 2023
Revenue: $2.67 billion
Net income: $414.8 million
EPS: $3.73 per share diluted
Guidance: raised
Result: reported results

Exact text from the filing

$2.35 per share diluted Pre-Tax Income $553.0 million $366.0 million Pre-Tax Inventory Impairments included in Cost of Home Sales $3.4 million $6.2 million Home Sales Revenues $2.67 billion and 2,524 units $2.26 billion and 2,414 units Net Signed Contracts $2.16 billion and 2,245 units $1.66 billion and 1,266 units Net Signed Contracts per Community 6.6 units 3.9

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Toll Brothers, Inc. reported nine months ended July 31, 2023 results: revenue $6.91 billion, net income $926.5 million, EPS $8.28 per share diluted. Guidance raised.

Period: nine months ended July 31, 2023
Revenue: $6.91 billion
Net income: $926.5 million
EPS: $8.28 per share diluted
Guidance: raised
Result: reported results

Exact text from the filing

$5.41 per share diluted Pre-Tax Income $1.24 billion $862.6 million Pre-Tax Inventory Impairments included in Cost of Home Sales $22.4 million $10.7 million Home Sales Revenues $6.91 billion and 6,842 units $6.13 billion and 6,750 units Net Signed Contracts $5.89 billion and 6,039 units $7.75 billion and 7,069 units Home Sales Gross Margin 26.7 % 24.6 % Adjusted Home

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Source: SEC EDGAR

accession 0000794170-23-000051

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