secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0000794170-23-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417023000051/0000794170-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417023000051/tol-20230822.htm
  HTML page:      https://secwatch.observer/filing/0000794170-23-000051

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