---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-24-000039"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2024-08-20T23:59:59+00:00"
generated_at: "2026-05-31T08:35:55.264772+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers Q3 EPS $3.60, revenue up 2% to $2.72B; raises FY24 guidance

## Summary
- Net income $374.6M ($3.60 diluted) vs $414.8M ($3.73) in Q3 FY23; revenue $2.72B +2% YoY.
- Signed contracts up 11% in units and dollars; backlog $7.07B (-10% YoY).
- Adjusted home sales gross margin 28.8% (above guidance); FY24 adjusted gross margin guidance raised to ~28.3%.
- Share repurchases $245.9M in Q3; full-year repurchase target raised to ~$600M.
- Q4 guidance: deliveries 3,275-3,375 units, avg price $940k-$950k, adjusted gross margin 27.5%.

## SEC filing metadata
- accession: 0000794170-24-000039
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2024-08-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417024000039/0000794170-24-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417024000039/tol-20240820.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-24-000039
- JSON: https://secwatch.observer/filing/0000794170-24-000039.json
- Plain text: https://secwatch.observer/filing/0000794170-24-000039.txt

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