Financial Data and Key Metrics Changes - The company delivered 1,899 homes in Q1 2026, generating $1.85 billion in home building revenue, approximately $24 million above the midpoint of guidance [4] - Earnings per diluted share increased by 25% to $2.19 compared to $1.75 in Q1 2025, exceeding implied guidance [4] - Adjusted gross margin was 26.5%, exceeding guidance by 25 basis points, while SG&A margin was 13.9%, better than the 14.2% guidance [17][18] Business Line Data and Key Metrics Changes - The company signed 2,303 net contracts for $2.4 billion, flat in units but up 3% in dollars compared to Q1 2025, with an average sales price of $1,033,000 [4][16] - The luxury move-up segment accounted for 59% of homebuilding revenues, while luxury first-time buyers made up 25% and luxury move-down accounted for 16% [11] - The mix of build-to-order and spec homes is balanced at approximately 50% each, with build-to-order homes maintaining a higher margin [12][13] Market Data and Key Metrics Changes - The Boston to South Carolina corridor, along with Boise, Las Vegas, Reno, and all of California, performed well, while Tampa, Atlanta, San Antonio, and the Pacific Northwest faced challenges [11] - The average delivered price for first-time buyers was approximately $670,000 in Q1 2026 [8] Company Strategy and Development Direction - The company plans to increase community count from 445 to 455 by the end of Q2 2026, targeting an overall growth of 8%-10% for the year [6][22] - The company is focused on capital-efficient land acquisition strategies, including option arrangements and joint ventures [7] - The company aims to serve a more affluent customer base, which is less sensitive to affordability pressures [8][25] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding increased traffic and sales activity consistent with the start of the Spring Selling Season [5][10] - The company remains positive about the long-term future of the U.S. housing market, driven by demographic trends and significant home price appreciation [24][25] - Management noted that the market continues to be underserved, with a need for an additional 3 to 7 million new homes to reach equilibrium [25] Other Important Information - The company has approximately $3.4 billion in liquidity, including $1.2 billion in cash, and a net debt to capital ratio of 14.2% [19] - The company plans to maintain its full-year adjusted gross margin guidance of 26.0% [17][20] Q&A Session Summary Question: What is driving the decline in gross margin from Q1 to Q2? - Management indicated that the decline is due to a mix change, with less contribution from high-margin regions [28] Question: Thoughts on the Sumitomo acquisition of Tri Pointe? - Management expressed uncertainty but noted that the Japanese have historically been innovative in construction [29][30] Question: How would the company prioritize its spec strategy if demand softens? - Management stated they would lean into build-to-order if the market softened, rather than blindly building specs [32][34] Question: What is the long-term target for net debt to capital? - Management indicated a target in the mid-teens for net debt to capital [35] Question: How is the company seeing traffic and sales trends? - Management reported modest increases in web traffic, physical traffic, and deposits compared to the previous year [38][62] Question: How does the company view pricing and incentives? - Management noted that incentives have remained stable at 8% and that they would first increase pace before adjusting incentives [68] Question: What is the outlook for land purchases? - Management indicated they are seeing more opportunities for well-structured land deals due to less competition [73]

Housing starts rose in both November and December, reflecting that some of the headwinds in the home-building sector subsided toward the end of 2025. ...

Dixon Estates by Toll Brothers Flower Mound, TX FORT WASHINGTON, Pa., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, today announced results for its first quarter ended January 31, 2026. FY 2026's First Quarter Financial Highlights (Compared to FY 2025's First Quarter): Net income and earnings per share were $210.9 million and $2.19 per diluted share, compared to net income of $177.7 million and $1.75 per diluted share i ...

Confidence among U.S. home builders inched lower this month, as affordability challenges persisted. https://t.co/Rsc847c0lE ...

Core Insights - Toll Brothers Inc. is launching a new master-planned community named Evergrove in Richmond, Texas, expected to open for sale in fall 2026, featuring modern home designs and luxury amenities [1][5] Group 1: Community Features - Evergrove will offer five collections of modern home designs with floor plans ranging from 1,880 to over 6,100 square feet, situated on 45- to 80-foot-wide home sites [2] - Homes in Evergrove will be priced from the mid-$400,000s to the mid-$900,000s, catering to a range of buyers [2] Group 2: Amenities and Lifestyle - Residents will have access to amenities such as a fitness center, pool, fishing pond, and parks, enhancing the community's appeal [7] - The community is located near upscale shopping centers, golf courses, and fine dining, providing a convenient lifestyle [7] - Students in Evergrove will attend top-rated schools within the Lamar Consolidated Independent School District, ensuring quality education [7] Group 3: Company Background - Toll Brothers, founded in 1967 and publicly traded since 1986, is recognized as the nation's leading builder of luxury homes, operating in over 60 markets across the U.S. [11] - The company has been named the 1 Most Admired Home Builder in Fortune magazine's 2026 list of the World's Most Admired Companies for the ninth consecutive year [12]

Core Insights - Toll Brothers, Inc. is launching five new luxury model homes at Ironridge at Metro Heights, located 20 miles from downtown Los Angeles, with a grand opening event on February 14, 2026 [1][4] Group 1: Product Offering - Ironridge at Metro Heights features a collection of new condos with six distinct floor plans, offering 3 bedrooms and 2 to 3.5 bathrooms, with sizes ranging from approximately 1,400 to 2,800 square feet [2] - Homes are priced from the upper $800,000s, providing excellent value for luxury living in Southern California [2] Group 2: Community Amenities - The community includes a 10,000-square-foot recreation center with multiple pools, spas, private cabanas, and a state-of-the-art fitness center [4] - Additional amenities include a future five-acre public park, four pocket parks, a scenic promenade, and six trails, along with social spaces for entertaining [4] Group 3: Customer Experience - Toll Brothers offers a one-stop shopping experience at the Toll Brothers Design Studio, allowing home shoppers to personalize their homes with professional Design Consultants [5] - With the addition of the five new model homes, there will be a total of 14 professionally designed and decorated model homes available for tours in Metro Heights [5] Group 4: Company Background - Toll Brothers, Inc. is a Fortune 500 Company and the leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986 [7][8] - The company has been recognized as the 1 Most Admired Home Builder in Fortune magazine's 2026 list of the World's Most Admired Companies, marking the ninth consecutive year of this honor [9]

Core Insights - Toll Brothers, Inc. has opened two new model homes at Incanta Lago, a gated community in Lake Las Vegas, showcasing luxury lakeside living [1][3] Group 1: Community Features - Incanta Lago offers single- and two-story home designs with modern open-concept floor plans, ranging from 2,488 to 3,293 square feet, featuring 3 to 4 bedrooms, up to 4.5 baths, and 3-car garages, with prices starting from the mid-$900,000s [2] - The community provides access to resort-style amenities, including championship golf courses, water sports, and lakefront dining, enhancing an active and vibrant lifestyle [5] Group 2: Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and was founded in 1967, becoming a public company in 1986 [7][8] - The company operates in over 60 markets across the United States, catering to various buyer segments, including first-time, move-up, active-adult, and second-home buyers [8] Group 3: Recognition and Awards - Toll Brothers was named the 1 Most Admired Home Builder in Fortune magazine's 2026 list of the World's Most Admired Companies®, marking the ninth consecutive year the company has received this honor [9]

Core Insights - Toll Brothers, Inc. has launched a new luxury home community named Toll Brothers at The Bluffs at Wesley Chapel in Waxhaw, North Carolina, featuring only 12 home sites in a prime location [1][4] Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and operates in over 60 markets across the United States, catering to various buyer segments including first-time, move-up, active-adult, and second-home buyers [8] - The company was founded in 1967 and became publicly traded in 1986, listed on the New York Stock Exchange under the symbol "TOL" [8] - Toll Brothers has received multiple accolades, including being named the 1 Most Admired Home Builder in Fortune magazine's 2026 list of the World's Most Admired Companies for the ninth consecutive year [9] Community Features - The Bluffs at Wesley Chapel offers five home designs ranging from 3,905 to over 5,200 square feet, with options for up to 6 bedrooms and 5.5 bathrooms [3] - Homes are designed with modern lifestyles in mind, featuring two-story great rooms, dual staircases, first-floor primary bedrooms, and covered patios [3] - Pricing for homes in this community starts at $1.1 million [3] Location and Accessibility - The community is conveniently located near downtown Waxhaw, Wesley Chapel Village Commons, and Waverly Shopping Center, with easy access to major commuter routes including Interstate 485 and Route 16 [7] - Residents will benefit from proximity to parks, golf courses, and various recreational opportunities [7] Customer Experience - Toll Brothers provides a one-stop shopping experience at its Design Studio, allowing customers to personalize their homes with a wide selection of options and professional assistance [6]

Core Viewpoint - Builder stocks are experiencing an increase due to expectations of a more active spring homebuying season [1] Group 1 - The anticipation of a busier spring homebuying season is positively impacting builder stocks [1]

Core Insights - Toll Brothers, Inc. has announced the grand opening of its new luxury home community, Chapel Oaks, in Chapel Hill, North Carolina, featuring the Kendrick model home with modern design and refined amenities [1][4] Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, founded in 1967 and publicly traded since 1986 under the symbol "TOL" [11] - The company operates in over 60 markets across the United States, catering to various buyer segments including first-time, move-up, active-adult, and second-home buyers [11] - Toll Brothers has received multiple accolades, including being named the 1 Most Admired Home Builder in Fortune magazine's 2026 list of the World's Most Admired Companies for the ninth consecutive year [12] Community Features - Chapel Oaks offers single-family homes with elegant architecture and modern features, ranging from 3,905 to over 5,200 square feet, with 4 to 5 bedrooms and 3.5 to 5.5 bathrooms [3] - The community is located less than three miles from downtown Chapel Hill, providing convenient access to shopping, dining, and entertainment, as well as proximity to top-ranked schools and the University of North Carolina at Chapel Hill [6] Model Home Details - The Kendrick model home features a two-story great room, a multigenerational suite, expansive outdoor entertaining space, and a spa-inspired primary retreat [1][3] - The grand opening event for the model home is scheduled for February 14, 2026, and is open to the public [1][9] Customer Experience - Toll Brothers offers a state-of-the-art Design Studio where customers can personalize their homes with a wide array of selections, supported by professional Design Consultants [7]