---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-23-000058"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:23:59.810145+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers reports record FY2023 EPS of $12.36; Q4 EPS $4.11, contracts surge 72%

## Summary
- FY2023 net income $1.37B ($12.36 diluted EPS), up 13% YoY; home sales revenues $9.87B, up 2%.
- Q4 net income $445.5M ($4.11 diluted EPS); home sales revenues $2.95B on 2,755 homes, down 18% but above guidance midpoint by $211M.
- Q4 net signed contracts $2.01B (2,038 homes), up 72% in units YoY; backlog $6.95B (6,578 homes).
- Adjusted home sales gross margin for Q4 29.1% (60 bps above guidance); FY2023 adj margin 28.7%.
- FY2024 guidance: deliveries 9,850-10,350 units; Q1 deliveries 1,800-1,900; community count to grow ~10%.

## SEC filing metadata
- accession: 0000794170-23-000058
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417023000058/0000794170-23-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417023000058/tol-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-23-000058
- JSON: https://secwatch.observer/filing/0000794170-23-000058.json
- Plain text: https://secwatch.observer/filing/0000794170-23-000058.txt

## Key facts
- Earnings Releases
  Toll Brothers, Inc. reported the three-month and twelve-month periods ended October 31, 2023 results: revenue $2.95 billion, net income $445.5 million, EPS $4.11 per share diluted. Guidance initiated.
  - Period: the three-month and twelve-month periods ended October 31, 2023
  - Revenue: $2.95 billion
  - Net income: $445.5 million
  - EPS: $4.11 per share diluted
  - Guidance: initiated
  - Result: reported results
  source text: net after-tax benefit related to a litigation settlement. • Pre-tax income was $605.0 million, compared to $841.1 million in FY 2022’s fourth quarter. • Home sales revenues were $2.95 billion, down 18% compared to FY 2022’s fourth quarter; delivered homes were 2,755, down 27%. • Net signed contract value was $2.01 billion, up 53% compared to FY 2022’s fourth quarter;
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417023000058/0000794170-23-000058-index.htm

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