---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-24-000011"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:36:15.662844+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers Q1 EPS $2.25, up 32% YoY; raises FY2024 EPS forecast to $13.25-$13.75

## Summary
- Diluted EPS of $2.25 vs $1.70; net income $239.6M, up 25%.
- Home sales revenues $1.93B (+10%); delivered 1,927 homes (+6%).
- Net signed contracts $2.06B (+42%); contracts per community 5.6 vs 4.3.
- Adjusted home sales gross margin 28.9% vs 27.5% YoY, up 140 bps.
- Raised FY2024 EPS guidance to $13.25-$13.75; land sale gain ~$175M in Q2.

## SEC filing metadata
- accession: 0000794170-24-000011
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417024000011/0000794170-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417024000011/tol-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-24-000011
- JSON: https://secwatch.observer/filing/0000794170-24-000011.json
- Plain text: https://secwatch.observer/filing/0000794170-24-000011.txt

## Key facts
- Earnings Releases
  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
  source text: • 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417024000011/0000794170-24-000011-index.htm
- Earnings Releases
  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
  source text: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417024000011/0000794170-24-000011-index.htm

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