---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-25-000035"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2025-05-20T23:59:59+00:00"
generated_at: "2026-05-21T00:49:49.014500+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers beats Q2 earnings expectations with $3.50 EPS; record revenue $2.71B

## Summary
- Net income $352.4M ($3.50 diluted EPS) vs $481.6M ($4.55) prior year; prior year included $124.1M land sale gain.
- Home sales revenues $2.71B (record Q2), up 2% YoY; delivered homes up 10% to 2,899.
- Net signed contracts $2.60B, down 11%; backlog $6.84B, down 7%.
- Guidance reaffirmed: FY deliveries 11,200-11,600; adj gross margin 27.25%; SG&A 9.4-9.5%.
- Dividend increased 9% to $0.25/sh; $177.4M share repurchases in Q2.

## SEC filing metadata
- accession: 0000794170-25-000035
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2025-05-20T23:59:59+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/794170/000079417025000035/0000794170-25-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417025000035/tol-20250520.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-25-000035
- JSON: https://secwatch.observer/filing/0000794170-25-000035.json
- Plain text: https://secwatch.observer/filing/0000794170-25-000035.txt

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