Core Insights - Toll Brothers Apartment Living has launched a new luxury apartment community named Navona in Mesa, Arizona, featuring 400 one-, two-, and three-bedroom units [1][3] - The community aims to provide resort-style living with a focus on connection, wellness, and relaxation, supported by a $78 million construction loan from Bank OZK [1][5] Company Overview - Toll Brothers Apartment Living is a subsidiary of Toll Brothers, Inc., recognized as the nation's leading builder of luxury homes, and has been named one of the Top 25 Largest Developers by the National Multifamily Housing Council for five consecutive years [8][10] - The company has completed over 10,000 units nationally and has more than 18,000 units currently in production [8] Community Features - Navona offers high-end finishes and modern conveniences, including quartz countertops, stainless steel appliances, and smart home technology [3][5] - The community includes extensive resort-style amenities such as a pool, fitness center, and various recreational facilities, designed to enhance residents' lifestyles [5] Market Position - Mesa is identified as one of the fastest-growing submarkets in the Phoenix metropolitan area, driven by strong economic growth and diverse lifestyle offerings [3][5] - The location of Navona provides residents with convenient access to major employment centers, shopping, dining, and outdoor recreation, enhancing its appeal [5][6]

Core Insights - Toll Brothers, Inc. announced the upcoming launch of its new luxury home community, Toll Brothers at HighPoint, in Scottsdale, Arizona, featuring 122 home sites and expected to open for sale in late summer 2025 [1][4] Group 1: Community Features - The community will offer nine single-level home designs ranging from 3,640 to over 5,000 square feet, with homes priced starting from $1.9 million [2] - Each home will be situated on expansive sites averaging 2.75 acres, providing stunning views of the Sonoran Desert and city lights [2] - Personalization options will include casitas, multi-generational living suites, and garages accommodating up to eight cars [2] Group 2: Lifestyle and Amenities - Residents will have direct access to a network of trails and nearby outdoor recreational activities such as hiking, golf, and lake adventures at Bartlett Lake [4] - The Toll Brothers Design Studio will offer a wide array of selections for home personalization, supported by professional design consultants [5] Group 3: Company Background - Toll Brothers is a Fortune 500 Company and the leading builder of luxury homes in the United States, operating in over 60 markets across 24 states [8] - The company has received multiple accolades, including being named one of Fortune magazine's World's Most Admired Companies for over 10 years and Builder of the Year by Builder magazine [9]

Core Insights - Toll Brothers, Inc. has announced the final opportunity to build new homes in Laurel Pointe, an exclusive community in Lake Nona, Orlando, Florida, with limited homes available for sale, including the Marsanne Farmhouse model [1][2] Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and is a Fortune 500 Company, founded in 1967 and publicly traded since 1986 [8][9] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a range of housing options for various buyer segments [8] Community Features - Laurel Pointe features home designs from the Collage Collection, with prices starting from $1.7 million, offering high-end interiors and smart home features [2][4] - The community is conveniently located near A-rated schools, Orlando International Airport, and major highways, providing easy access to shopping, dining, and recreational destinations [4] Lake Nona Overview - Lake Nona is recognized as a smart city and one of the fastest-growing master-planned communities in the U.S., covering 17 square miles and hosting a collaborative network of businesses in healthcare, sports, and transportation [5] - Residents of Laurel Pointe will have access to Lake Nona's extensive amenities, including trails, parks, and wellness programs [5]

Core Viewpoint - Toll Brothers, Inc. reported second-quarter fiscal 2025 results with adjusted earnings and total revenues exceeding the Zacks Consensus Estimate, although the top line experienced a year-over-year decline [1][5]. Financial Performance - Adjusted earnings per share (EPS) were $3.50, surpassing the Zacks Consensus Estimate of $2.86 by 22.4% and reflecting a 3.6% increase from the previous year [5]. - Total revenues amounted to $2.74 billion, exceeding the consensus mark of $2.5 billion by 9.5%, but decreased 3.5% year over year [5]. - Home sales revenues increased by 2% year over year to $2.71 billion, contrary to expectations of a 5% decline [5]. - Homes delivered rose by 10% to 2,899 units, surpassing the projected growth of 0.1% [5]. - The average selling price (ASP) of homes delivered was $933,600, down 6.9% from $1,002,300 a year ago [5]. Market Conditions - The quarterly performance was impacted by weak contributions from land sales and other segments, while home sales revenues showed growth [2]. - Ongoing uncertainties in the housing market are anticipated to increase, particularly with the potential implementation of a new tax regime affecting homebuilding costs [2]. Strategic Outlook - The company remains optimistic about long-term growth, supported by a housing shortage and favorable demographics [2]. - Toll Brothers' diversified luxury product offerings and balanced portfolio of build-to-order and spec homes are expected to help navigate challenging market conditions [3]. Shareholder Returns - Following the earnings release, shares rose by 5.1% in after-hours trading, likely driven by a 9% increase in the quarterly dividend to 25 cents per share ($1 annually) [4]. Backlog and Contracts - At the end of the fiscal second quarter, the backlog consisted of 6,063 homes, down 14.5% year over year, with potential revenues from backlog declining 7.3% to $6.84 billion [7]. - Net-signed contracts totaled 2,650 units, a decrease from 3,041 units year over year, with a contract value of $2.6 billion, reflecting an 11.6% decline [6]. Cost Structure - The adjusted home sales gross margin was 27.5%, contracting by 70 basis points [8]. - Selling, general and administrative (SG&A) expenses as a percentage of home sales revenues increased to 9.5%, up 50 basis points from the previous year [8]. Balance Sheet - Cash and cash equivalents stood at $686.5 million, down from $1.3 billion at the end of fiscal 2024 [9]. - The debt-to-capital ratio improved to 26.1% from 27% at the end of fiscal 2024 [9]. Future Guidance - For fiscal Q3, home deliveries are expected to be between 2,800 and 3,000 units, with an average price of $965,000 to $985,000 [11]. - For fiscal 2025, home deliveries are anticipated to range from 11,200 to 11,600 units, with an average price of delivered homes expected to be $945,000 to $965,000 [13].

Shares of Toll Brothers (NYSE: TOL ) have sold off considerably over the past five months, leaving them down about 20% over the past year. Elevated mortgage rates have weighed on housing market activity, reducing expectations for the homebuilders. However, as I have writtenOver 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 quest ...

Toll Brothers (TOL) Q2 2025 Earnings Call May 21, 2025 08:30 AM ET Company Participants Douglas Yearley - Chairman & CEOMartin Connor - CFOStephen Kim - Senior Managing DirectorMike Dahl - Managing Director - Equity ResearchTrevor Allinson - Director - Equity ResearchAlan Ratner - Managing DirectorAlex Barron - President & FounderBuck Horne - Managing Director - Equity Research Conference Call Participants John Lovallo - Senior US Homebuilding & Building Products Equity Research AnalystSam Reid - Analyst Op ...

Toll Brothers (TOL) Q2 2025 Earnings Call May 21, 2025 08:30 AM ET Speaker0 Good morning, everyone, and welcome to the Toll Brothers Second Quarter Fiscal Year twenty twenty five Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask questions. The company is planning to end the call at 09:30 when the market opens. During the Q and A, please limit yourselves to one question and one follow-up. Please also note today's event is being re ...

Core Insights - Toll Brothers reported revenue of $2.74 billion for the quarter ended April 2025, a decrease of 3.5% year-over-year, but exceeded the Zacks Consensus Estimate of $2.5 billion by 9.54% [1] - The company's EPS was $3.50, up from $3.38 in the same quarter last year, representing an EPS surprise of 22.38% against the consensus estimate of $2.86 [1] Financial Performance Metrics - Closed/Delivered Units: 2,899, exceeding the average estimate of 2,621 units by five analysts [4] - Backlog Units: 6,063, below the average estimate of 6,738 units by five analysts [4] - Average Delivered Price: $933.60, lower than the estimated $949.89 by five analysts [4] - Net Contracts Units: 2,650, below the average estimate of 3,046 units by five analysts [4] - Average Backlog Price: $1,128.10, higher than the average estimate of $1,100.15 by three analysts [4] - Backlog Value: $6.84 billion, below the average estimate of $7.47 billion by two analysts [4] - Revenues from Home Sales: $2.71 billion, exceeding the average estimate of $2.49 billion by six analysts, representing a 2.3% increase year-over-year [4] - Revenues from Land Sales: $32.60 million, significantly higher than the estimated $18.21 million, but a decrease of 82.9% year-over-year [4] - Gross Margin from Home Sales: $704.24 million, surpassing the average estimate of $640.39 million by four analysts [4] - Gross Margin from Land Sales and Other: $1.20 million, compared to the average estimate of $0.56 million based on three analysts [4] Stock Performance - Toll Brothers shares have returned +15.1% over the past month, outperforming the Zacks S&P 500 composite's +13.1% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Toll Brothers (TOL) came out with quarterly earnings of $3.50 per share, beating the Zacks Consensus Estimate of $2.86 per share. This compares to earnings of $3.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.38%. A quarter ago, it was expected that this home builder would post earnings of $1.99 per share when it actually produced earnings of $1.75, delivering a surprise of -12.06%.Over the last four quarters, the compa ...

EXHIBIT 99.1 FOR IMMEDIATE RELEASE CONTACT: Gregg Ziegler (215) 478-3820 May 20, 2025 gziegler@tollbrothers.com Toll Brothers Reports FY 2025 Second Quarter Results FORT WASHINGTON, Pa., May 20, 2025 -- Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation's leading builder of luxury homes, today announced results for its second quarter ended April 30, 2025. FY 2025's Second Quarter Financial Highlights (Compared to FY 2024's Second Quarter): Douglas C. Yearley, Jr., chairman and chief executive off ...