As a leading luxury homebuilder, Toll Brothers (TOL)  stock has seen a sharp rebound with the company benefiting from a more affluent customer base that’s less sensitive to interest rates.  Attributed to continued momentum in the luxury housing market, Toll Brothers was able to post strong results for its fiscal third quarter on Tuesday, and investors may be wondering if it's time to get in on the rebound in TOL shares.To that point, Toll Brothers' stock is up more than +10% in August and has now spiked ove ...

Model home grand opening event this Saturday, Aug. 23 will showcase townhome-style condos with access to top-tier amenities in sought-after Morgan HillMORGAN HILL, Calif., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, today announced the grand opening of its highly anticipated model homes at Manzanita Park, an exclusive enclave of new townhome-style condos in Morgan Hill, California. The Manzanita Park model grand opening event will take pla ...

MORGAN HILL, Calif., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, today announced the grand opening of its highly anticipated model homes at Manzanita Park, an exclusive enclave of new townhome-style condos in Morgan Hill, California. The Manzanita Park model grand opening event will take place on Saturday, Aug. 23 from 11 a.m. to 2 p.m. at the community located at 19685 Juniper Loop in Morgan Hill. “Our two new model homes at Manzanita Par ...

Three new Austin-area luxury home collections set to open for sale in fall 2025LIBERTY HILL, Texas, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, has unveiled three new collections of luxury homes in the Eldorado neighborhood within Santa Rita Ranch, a prestigious master-planned community located in Liberty Hill, Texas. The Maravilla, Sierra, and Tesoro Collections at Santa Rita Ranch will be available for sale starting in fall 2025. The Mara ...

Exclusive community offers single-family homes with access to luxurious amenities in sought-after Forsyth CountyCUMMING, Ga., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, today announced the opening of its new model homes at Willow Glen, located in esteemed Forsyth County, Georgia. Willow Glen offers single-family homes on expansive home sites in an exclusive, intimate setting. The brand new Hedgewood and Peterson model homes are now open d ...

Core Insights - Toll Brothers, Inc. reported strong third-quarter fiscal 2025 results, with adjusted earnings and total revenues exceeding the Zacks Consensus Estimate, showing year-over-year growth in both metrics [1][3] Financial Performance - Adjusted earnings per share (EPS) for the quarter were $3.73, surpassing the Zacks Consensus Estimate of $3.59 by 3.9% and reflecting a 3.6% increase from the previous year [3][9] - Total revenues reached $2,945.1 million, beating the consensus mark of $2,852 million, and increased by 8% year-over-year [3][4] Home Sales and Deliveries - Total home sales revenues rose by 6% year-over-year to $2.9 billion, while home deliveries increased by 5% to 2,959 units [4] - The average selling price (ASP) of homes delivered was $973,600, up 0.5% from $968,200 in the prior year [4] Contracts and Backlog - Net-signed contracts decreased to 2,388 units from 2,490 units year-over-year, with a constant value of $2.4 billion [5] - The backlog at the end of the quarter was 5,492 homes, down 19% year-over-year, with potential revenues from the backlog declining 10% to $6.38 billion [6] Margins and Expenses - Adjusted home sales gross margin contracted to 27.5%, a decrease of 130 basis points year-over-year [7][9] - Selling, general and administrative (SG&A) expenses as a percentage of home sales revenues were 8.8%, down 20 basis points from the previous year [7] Balance Sheet and Cash Flow - Cash and cash equivalents stood at $852.3 million, down from $1.3 billion at the end of fiscal 2024, while the debt-to-capital ratio improved to 26.7% [8] - The company had $2.19 billion available under its revolving credit facility, maturing in February 2030 [8] Guidance - For Q4, Toll Brothers expects home deliveries of 3,350 units at an average price of $970,000-$980,000, with an adjusted home sales gross margin projected at 27% [11] - For fiscal 2025, home deliveries are anticipated to be around 11,200 units, with an average price of delivered homes expected to be $950,000-$960,000 [12]

Toll Brothers (TOL) Q3 2025 Earnings Call August 20, 2025 08:30 AM ET Company ParticipantsDouglas Yearley - Chairman & CEOMartin Connor - CFOGregg Ziegler - SVP - IR & TreasurerStephen Kim - Senior MDTrevor Allinson - Director - Equity ResearchSam Reid - Executive Director - Equity Research, Home Builders & Building ProductsAlan Ratner - Managing DirectorMichael Rehaut - Executive DirectorConference Call ParticipantsJohn Lovallo - Equity Research AnalystMike Dahl - MD, Equity Research - Homebuilders & Build ...

Financial Data and Key Metrics Changes - The company delivered 2,959 homes at an average price of $974,000, generating record third-quarter home sale revenues of $2,900,000,000, which represents a 5% increase in units and a 6% increase in dollars compared to the previous year [5][15] - Adjusted gross margin was 27.5%, exceeding guidance by 25 basis points, while SG&A expense was 8.8% of home sales revenues, 40 basis points better than guidance [5][16] - Third-quarter earnings were $370,000,000 or $3.73 per diluted share, with a cancellation rate of 3.2%, which remains the lowest in the industry [10][15] Business Line Data and Key Metrics Changes - The company signed 2,388 net contracts for $2,400,000,000, with units down approximately 4% year over year, but dollars flat due to an increase in average sales price to just over $1,000,000 [5][15] - The average sales price (ASP) was up 4.5% versus 2024 and up 3% versus the last quarter, indicating resilience in the luxury business [5][15] - The backlog stood at 5,492 homes valued at $6,376,000,000, with an average sales price in the backlog of $1,160,000 [9] Market Data and Key Metrics Changes - The company ended the third quarter with 420 active selling communities and expects to end the fiscal year with 440 to 450 communities, representing 8% to 10% year-over-year growth [11][12] - The company has 3,200 spec homes at various stages of completion and another 1,800 building permits ready to go, allowing for quick ramp-up of spec production as market conditions improve [7][9] Company Strategy and Development Direction - The company continues to prioritize price and margin over pace, actively managing spec starts and inventory levels on a community-by-community basis to match local market conditions [6][11] - The strategy of selling spec homes at various stages of construction allows buyers to personalize their homes while providing a faster construction schedule [8][9] - The company remains disciplined in its land acquisition strategy, focusing on high-quality land at attractive returns while keeping land off balance sheet as long as practical [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining a full-year adjusted gross margin of 27.25% and expects to deliver approximately 11,200 homes for the full year [6][23] - The company anticipates a modest decline in build costs and has not seen significant impacts from tariffs, with expectations for build costs to come down in the foreseeable future [10][11] - Management highlighted the importance of community openings and spec strategy to drive growth in fiscal year 2026, with optimism about market conditions improving [36][41] Other Important Information - The company returned approximately $226,000,000 to stockholders through dividends and share repurchases in the quarter [5] - The company issued $500,000,000 of ten-year senior notes at a 5.6% coupon and called $350,000,000 of senior notes scheduled to mature in November [20][21] Q&A Session Summary Question: Cash flow from operations guidance - The year-to-date cash flow from operations is approximately $400 million, with expectations to reach over $1,000,000,000 by year-end [29][30] Question: Construction costs expectations - Management expects construction costs to be flat to modestly down in the short term, with some progress in negotiating better pricing for materials [31][32] Question: Sales pace and community growth - Management confirmed no change in the sales pace target of two homes per community per month and expressed excitement about community count growth in fiscal year 2026 [35][36] Question: Incentives and sales trends - Incentives increased to 8% due to more discounting on finished specs, but management noted that incentives have stabilized recently [50][51] Question: Development costs and community count guidance - Management has not seen much relief on land development costs but expects community count growth to be spread throughout the quarter without significant regional concentration [69][72]

TOLL BROTHERS AT TESORO HIGHLANDS | VALENCIA, CA E V I d m > 0 > N √ d W O C S Z O Z 2 O STATEMENT OF FORWARD-LOOKING INFORMATION Information presented herein for the third quarter ended July 31, 2025 is subject to finalization of the Company's regulatory filings. related financial and accounting reporting procedures and external auditor procedures. This document contains or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. One can identify th ...

Shares of Toll Brothers (NYSE: TOL ) have essentially tread water this year, missing out on a meaningful market rally. While still well below their 52-week high, the stock has rebounded more than 30% from its lows, and its focus on the higher-end of the housingOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an ar ...