secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0000794170-24-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417024000039/0000794170-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417024000039/tol-20240820.htm
  HTML page:      https://secwatch.observer/filing/0000794170-24-000039

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