Overview
- Toll Brothers reported revenue of $3.42 billion versus a $3.30 billion consensus, with EPS of $4.58 below the $4.89 estimate.
- Backlog ended the quarter at $5.5 billion, down from $6.5 billion a year earlier, with net signed contracts at $2.53 billion.
- Deliveries ticked up to 3,443 homes and home sales revenue rose about 5% year over year.
- Management guided to Q1 deliveries of 1,800–1,900 homes at an average price of $985,000–$995,000 and an adjusted home sales gross margin of 26.25%.
- For fiscal 2026, the company forecast 10,300–10,700 deliveries at an average price of $970,000–$990,000, while repurchasing about 1.8 million shares and ending the quarter with $1.26 billion in cash.