secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0000794170-24-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Toll Brothers Q2 EPS $4.55 beats; raises FY guidance to ~$14.00; contracts up 30%
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- Net income $481.6M ($4.55 diluted EPS) vs $320.2M ($2.85) YoY; includes $124.1M land-sale gain.
- Home sales revenue $2.65B (+6% YoY); delivered 2,641 homes (+6%); net contracts $2.94B (+29%).
- Adjusted home sales gross margin 28.2% (60 bps above guidance); SG&A 9.0% (70 bps better).
- FY2024 EPS guidance raised to ~$14.00; Q3 deliveries seen 2,750-2,850 units; avg price ~$955K.
- Quarterly dividend increased 10% to $0.23/share; repurchased $181.2M stock at avg $120.60.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417024000030/0000794170-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417024000030/tol-20240521.htm
  HTML page:      https://secwatch.observer/filing/0000794170-24-000030

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