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Toll Brothers Inc
XMUN:TLK

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Toll Brothers Inc
XMUN:TLK
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Price: 116.45 EUR 0.65%
Market Cap: €8B

Toll Brothers Inc
Investor Relations

Toll Brothers builds and sells luxury homes in the United States. It develops land, designs neighborhoods, and constructs single-family houses, townhomes, and attached homes, often in planned communities with amenities. The company also offers related services such as home design choices, financing referrals, and title and settlement services through partners. Its main customers are move-up buyers, active adults, and affluent households looking for new construction rather than resale homes. Toll Brothers makes money mainly by selling completed homes and by earning fees tied to land development, design upgrades, and closing-related services. Because it controls much of the homebuilding process, it can shape the product from land acquisition to final sale. What makes the business different is its focus on the luxury end of the housing market, where buyers care about location, design, and customization. That gives Toll Brothers a more premium product than mass-market builders, and it often sells through communities it plans and develops itself. The company sits at the end of the real estate value chain, turning raw land into finished neighborhoods and homes.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Aug 19, 2026
AI Summary
Q3 2026

Beat: Toll Brothers beat third-quarter guidance on sales, margins, and earnings, with 2,662 homes delivered, $2.6 billion of home sales revenue, 25.6% adjusted gross margin, and $2.97 in diluted EPS.

Demand: Orders rose 5% year over year, but management said the housing market stayed subdued because of low consumer confidence and elevated mortgage rates.

Luxury strength: The luxury move-up business remained the company’s best performer and the main driver of profitability, helped by affluent buyers and strong community locations.

Outlook: Management reaffirmed full-year guidance, raised expected average delivered price, and increased planned share repurchases to $700 million from $650 million.

Growth: Toll Brothers expects 8% to 10% community count growth in fiscal 2026 and said that same growth path looks supportable into fiscal 2027 and beyond.

Margins: Incentives eased modestly, build costs were flat, and management said the company continues to prioritize price discipline and margin over sales pace in a tough market.

Key Financials
Homes delivered
2,662
Home sales revenue
$2.65 billion
Adjusted gross margin
25.6%
Diluted EPS
$2.97
Pre-tax income
$374.8 million
Net signed contracts
2,508
Contract value
$2.5 billion
Average delivered price
$996,000
Average contract price
$1.003 million
Cancellation rate
2.6% of beginning quarter backlog
Cancellation rate
5.4% of signed contracts
Liquidity
$3.3 billion
Cash
$1.1 billion
Revolving credit availability
$2.2 billion
Net debt-to-capital ratio
15.6%
Share repurchases
$700 million
Buybacks completed
$433 million
Community count
471 selling communities
Owned or controlled lots
approximately 75,500
Land acquisition spending
approximately $452 million
Finished specs per community
1.9
Incentives
7.5% of gross sales price
Cycle time
approximately 9 months
All-cash buyers
approximately 25%
Average loan-to-value
approximately 69%
Design studio upgrades and options
$207,000
Upgrades as share of base sales price
24%
Write-offs in home sales gross margin
$17.7 million
SG&A as a percentage of revenue
10.0%
Joint venture, land sales and other income
$6 million
Tax rate
25.3%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Douglas C. Yearley Jr.
Chairman & CEO
No Bio Available
Mr. Robert Parahus
President & COO
No Bio Available
Mr. Martin P. Connor CPA
Senior VP & CFO
No Bio Available
Mr. Michael J. Grubb
Senior VP & Chief Accounting Officer
No Bio Available
John Critikos
Chief Information Officer & Senior VP
No Bio Available
Mr. Gregg L. Ziegler
Senior VP of Investor Relations & Treasurer
No Bio Available
Mr. Timothy J. Hoban J.D.
Chief Compliance Officer, General Counsel & Senior VP
No Bio Available
Ms. Wendy L. Marlett
Executive VP & Chief Marketing Officer
No Bio Available
Ms. Kellie Hall
Chief Human Resources Officer
No Bio Available
Mr. Frederick N. Cooper
Senior Vice President of Strategic Partnerships
No Bio Available

Contacts

Address
PENNSYLVANIA
Fort Washington
1140 Virginia Drive
Contacts