secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0000794170-23-000058
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 reports record FY2023 EPS of $12.36; Q4 EPS $4.11, contracts surge 72%
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417023000058/0000794170-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417023000058/tol-20231205.htm
  HTML page:      https://secwatch.observer/filing/0000794170-23-000058

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