Core Insights - Toll Brothers, Inc. is launching a new luxury home community named Cameron Cove in Marietta, Georgia, set to open for sale in spring 2026 [1][7] - The community will feature single-family homes with flexible designs, offering 3 to 5 bedrooms and living spaces up to 3,366 square feet, with prices starting from the upper $600,000s [2][5] Group 1: Community Features - Cameron Cove will include resort-style amenities such as a pool, outdoor kitchen, playground, and open green spaces, enhancing the lifestyle for residents [5] - The community is strategically located near shopping, dining, and entertainment options, as well as being part of a highly sought-after school district in Cobb County [5] Group 2: Company Background - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, operating in over 60 markets across the United States [8] - The company 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® [9]

Core Insights - Companies are developing a federally backed 'rent-to-own' program aimed at addressing the significant surplus of homes currently on the market [1] Group 1 - The initiative is designed to help reduce the largest surplus of homes seen in many years [1]

Core Insights - Toll Brothers, Inc. is launching a new community named Summercrest in Estero, Florida, featuring luxury townhomes and vibrant amenities, with sales expected to begin in summer 2026 [1][6] Group 1: Community Features - Summercrest will offer two-story townhomes ranging from 1,944 to 2,495 square feet, with 3 bedrooms, 2.5 baths, and options for flex rooms and offices, priced from the mid-$500,000s [2] - The community will include a clubhouse, pool, spa, fitness center, and social room, promoting relaxation and recreation [5] Group 2: Location and Accessibility - The community is strategically located for easy access to Gulf Coast beaches, outdoor recreation, golf courses, and shopping at Coconut Point and Miromar Outlets [5][6] - Residents will benefit from proximity to Lee County Schools, scenic parks, Southwest Florida International Airport, and major transportation routes [6] Group 3: Company Background - Toll Brothers, Inc. is recognized as the leading builder of luxury homes in the U.S., operating in over 60 markets and serving various buyer segments [9] - The company has received accolades such as being named the 1 Most Admired Home Builder by Fortune magazine for nine consecutive years [10]

Core Insights - Toll Brothers, Inc. is launching a new luxury townhome community named Altair Ridge in Orion Township, Michigan, expected to open for sale in summer 2026 [1][3]. Group 1: Community Features - Altair Ridge will offer townhomes with 3 bedrooms, 2.5 to 3.5 bathrooms, and 2-car garages, priced from the mid-$400,000s [3]. - Each home will feature an open-concept floor plan, bedroom-level laundry rooms, and versatile spaces, with select designs including basements and lofts [3]. - The community will provide low-maintenance living, including landscaping maintenance and snow removal, allowing residents to enjoy the natural surroundings [3]. Group 2: Location and Accessibility - The community is conveniently located near Interstate 75 and Route 24, providing easy access to major employers, top-rated schools, and shopping [6]. - Downtown Lake Orion is a 10-minute drive away, offering entertainment options, while Bald Mountain State Recreation Area is nearby for outdoor activities [6]. Group 3: Company Background - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and operates in over 60 markets across the United States [10]. - The company has received multiple accolades, including being named the 1 Most Admired Home Builder by Fortune magazine in 2026 [11].

Core Insights - Toll Brothers, Inc. has launched the Antoinette Newhaven model home in the Monarch Collection at Emberly, located in Alpharetta, Georgia, showcasing luxury home designs and craftsmanship [1][2]. Group 1: Product Offerings - The Monarch Collection features single-family homes ranging from 3,300 to over 3,500 square feet, with 5 bedrooms and 4 to 5.5 bathrooms, starting at a price of $1.22 million [2]. - The upcoming Mariposa Collection will offer townhomes with over 2,600 square feet, 3 to 4 bedrooms, and 3.5 bathrooms, including options for flex rooms and outdoor decks [4]. Group 2: Community Features - Emberly is strategically located within walking distance of downtown Alpharetta and Crabapple, providing easy access to shopping, dining, and entertainment, as well as recreational areas like Wills Park and the Big Creek Greenway [5]. - The community is served by top-rated Fulton County Schools, including Milton High School, enhancing its appeal to families [5]. Group 3: Customer Experience - Home shoppers can personalize their homes at the Toll Brothers Design Studio, which offers a wide selection of options with the assistance of professional Design Consultants [7]. Group 4: Company Background - Toll Brothers, Inc. is a Fortune 500 Company and the leading builder of luxury homes in the U.S., operating in over 60 markets and serving various buyer segments [8]. - The company has received multiple accolades, including being named the 1 Most Admired Home Builder by Fortune magazine for nine consecutive years [9].

Financial Data and Key Metrics Changes - The company reported home building revenue of $359.7 million, with 763 homes sold at an average selling price (ASP) of $514,000, resulting in a home building gross margin of 14% [12][14] - Adjusted EBITDA for the first quarter was negative $11.2 million, with a diluted loss per share of $1.13, which included a litigation-related charge impacting results [13][14] - Book Value Per Share finished the quarter above $41, reflecting an increase compared to the previous year [10] Business Line Data and Key Metrics Changes - The company sold 763 homes during the first quarter, with a sales pace of 1.5 homes per community per month, which was below expectations due to a tough market environment [12][14] - Spec homes accounted for 70% of closings but only 61% of sales, indicating a shift in sales mix [12] - Newer communities, defined as those starting sales after April 2025, represented just over 10% of first-quarter revenue but are projected to account for about 50% of fourth-quarter revenue, with ASPs and margins significantly higher than existing communities [8][12][56] Market Data and Key Metrics Changes - The company experienced improved buyer engagement in January, with sales pace aligning with the prior year after eight quarters of year-over-year compression [4][20] - The average selling price is expected to reach $565,000 in the second half of the year, driven by newer communities [16][18] Company Strategy and Development Direction - The company is focused on enhancing balance sheet efficiency, reducing construction costs, and driving higher home building margins in the latter half of the year [4][5] - The introduction of Solar-Included Homes aims to differentiate the company from competitors by providing significant utility savings for customers [5][6][36] - The company plans to execute $150 million in land sales to fund share repurchases, which are expected to be accretive for shareholders [9][10][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a slow start to fiscal 2026 but emphasized a path to full-year EBITDA growth, contingent on market stability and improved sales pace [20] - The company expects to grow book value per share by 5%-10% by executing share repurchases, independent of EBITDA growth [18][20] - Management highlighted the importance of improving affordability through wage growth and reduced monthly payments as key factors influencing buyer demand [28][67] Other Important Information - The company reduced labor and material construction costs by over $10,000 per home, contributing to margin expansion [8] - The company has a strong liquidity position with over $340 million available, including $121 million in unrestricted cash [18][19] Q&A Session Summary Question: Is the repurchase plan contingent on the timing of the $150 million profitable land sales? - Management indicated that the repurchase plan is not strictly contingent on the timing of land sales, although it will be executed throughout the year [26] Question: What is the gross margin spread between build-to-order versus spec homes? - The gross margin spread has historically been in the 4%-5% range, which may have widened recently [27] Question: What factors are driving improved traffic and sales? - Management attributed improved traffic to a combination of lower interest rates, stabilized home prices, and the introduction of high-efficiency homes [28][30] Question: When will Solar-Included Homes begin to impact orders and closings? - Management expects that by the end of the year, solar-included communities will account for about 20% of the business, with higher margins than average [34][35] Question: How is inventory positioning heading into the new year? - The company reported a healthy inventory position, with a combined spec position down from previous levels, which is favorable for the spring selling season [64] Question: What would be more impactful for customers, rate changes or down payment assistance? - Management believes a combination of wage growth and monthly payment reduction is more important for buyers than down payment assistance [67]

Core Insights - Toll Brothers, Inc. is launching a new luxury home community named Clara Vista at Waterridge in Kyle, Texas, expected to open in March 2026 [1][5] Group 1: Community Features - Clara Vista at Waterridge will offer single-family homes ranging from 3,150 to over 5,900 square feet, situated on 80- and 100-foot-wide home sites, with prices starting from the mid-$800,000s [3][4] - The community will include exclusive amenities such as a clubhouse, resort-style pool, and playground, aimed at enhancing leisure and recreation for residents [4] Group 2: Location and Accessibility - The community is strategically located near local shopping, dining, and outdoor recreation, with easy access to Austin, providing residents with vibrant entertainment and cultural experiences [7] Group 3: Company Background - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, operating in over 60 markets across the United States and serving various buyer segments [8] - The company 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® [9]

Core Insights - Toll Brothers, Inc. is launching a new luxury home community named Toll Brothers at Rancho Murieta – Robles Collection in Rancho Murieta, California, with sales expected to begin in late 2026 [1][5] Group 1: Community Features - The community will offer one- and two-story single-family homes ranging from 3,000 to 3,700 square feet, featuring 4 to 5 bedrooms and 3.5 to 5.5 baths, along with 3-car garages [1][3] - Residents will have access to various amenities, including scenic lakes, hiking and biking trails, parks, sports fields, and a private sports complex, as well as nearby golf courses and equestrian facilities [3][5] Group 2: Design and Personalization - Home shoppers can personalize their homes at the Toll Brothers Design Studio, which provides a wide array of selections with the help of professional Design Consultants [4] Group 3: Company Background - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and operates in over 60 markets across the United States, serving various buyer segments [8] - The company 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]

Core Insights - Toll Brothers, Inc. has launched a new luxury all-electric townhome community named Toll Brothers at South Main in Milpitas, California, featuring modern home designs and exceptional convenience [1][4] Group 1: Community Features - The townhomes range from approximately 1,565 to 1,684+ square feet, offering 3 bedrooms, 3 bathrooms, and attached 2-car garages, with prices starting from $1.2 million [2] - The community includes a future private park with a tot lot and picnic areas, enhancing the living experience for residents [2] - The location is walkable and near major shopping and recreational areas, including the Great Mall of the Bay Area and Milpitas Square, making it ideal for luxury and convenience seekers [2] Group 2: Accessibility and Amenities - The community is strategically located near major employers and transportation hubs, including VTA Light Rail, Milpitas BART Station, and San Jose Mineta International Airport, facilitating easy access to Silicon Valley and other key areas [5] - Toll Brothers offers a state-of-the-art Design Studio for home personalization, allowing customers to select from a wide array of options with professional assistance [4] Group 3: 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] - The company operates in over 60 markets across the U.S. and serves various buyer segments, including first-time, move-up, active-adult, and second-home buyers [7] - 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 [8]

Core Insights - Toll Brothers, Inc. is launching a limited offering of six luxury home sites at Shinleaf Estates in North Raleigh, with sales expected to begin in spring 2026 [1][3] Group 1: Property Details - The home sites will feature expansive wooded areas and single-family home designs with living spaces up to 5,200 square feet [1][3] - Homes will be priced starting from $1.8 million, targeting high-end buyers [3][4] Group 2: Community Features - Shinleaf Estates offers access to the Mountains-to-Sea Trail and Falls Lake, providing recreational opportunities [3][6] - The community is conveniently located near shopping, dining, and entertainment, as well as Interstate 540 for easy commutes to Durham, downtown Raleigh, and Research Triangle Park [6] Group 3: Design and Customization - Homebuyers will have access to the Toll Brothers Design Studio to personalize their homes with a variety of interior finishes [4] - The homes will include sought-after features such as two-story great rooms, first-floor primary suites, and multigenerational guest suites [3][4] Group 4: Company Background - Toll Brothers is recognized as the leading builder of luxury homes in the U.S. and has been named the 1 Most Admired Home Builder by Fortune magazine for nine consecutive years [11] - The company operates in over 60 markets across the U.S. and offers a range of services including architectural, engineering, and mortgage services [10]