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 First quarter ended January 31, 2024 results: revenue $1.93 billion, net income $239.6 million, EPS $2.25 per diluted share.
- Period
- First quarter ended January 31, 2024
- Revenue
- $1.93 billion
- Net income
- $239.6 million
- EPS
- $2.25 per diluted share
- Result
- reported results
Exact text from the filing
• Net income and earnings per share were $239.6 million and $2.25 per diluted share, compared to net income of $191.5 million and $1.70 per diluted share in FY 2023’s first quarter. • Pre-tax income was $311.2 million, compared to $253.8 million in FY 2023’s first quarter. • Home sales revenues were $1.93 billion, up 10% compared to FY 2023’s first quarter; delivered homes were 1,927, up 6%.
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Toll Brothers, Inc. reported Full fiscal year 2024 results: EPS $13.25 to $13.75 per diluted share. Guidance raised.
- Period
- Full fiscal year 2024
- EPS
- $13.25 to $13.75 per diluted share
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
Based on our first quarter results, and with a strong start to the spring selling season, we are raising our full year guidance across all key metrics. In addition, earlier this month we sold a parcel of land to a commercial developer for net cash proceeds of $180.7 million, which will result in a pre-tax land sale gain of approximately $175 million in our second quarter. Factoring in both the increase to our homebuilding guidance and the impact of the land sale, we now expect to earn between $13.25 and $13.75 per diluted share in fiscal 2024, with a return on beginning equity of approximately 21%.
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