Core Insights - Toll Brothers, Inc. has launched three new home collections in the Eldorado village of the Santa Rita Ranch master-planned community, enhancing its luxury home offerings near Austin, Texas [1][3] Group 1: New Home Collections - The new collections include Maravilla, Sierra, and Tesoro, featuring luxury home designs with sizes ranging from approximately 2,248 to over 4,700 square feet, and offering 3 to 6 bedrooms and 2.5 to 6.5 bathrooms [3] - Homes are situated on 50-, 60-, and 70-foot-wide lots, providing scenic views of the Hill Country, with pricing starting from the low $500,000s, representing a strong value for luxury living [3] Group 2: Design and Personalization - 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 [4] Group 3: Community Amenities - Santa Rita Ranch is recognized for its resort-style amenities, including six pools, splash pads, a fitness center, parks, and trails, along with a full-time "Director of Fun" for organizing activities [6] - The community is located within the Liberty Hill Independent School District, making it attractive for families, and is conveniently accessible to major highways and local amenities [6] 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]

Core Viewpoint - Toll Brothers Inc. is gaining investor attention due to its strengthening fundamental valuation and robust quarterly performance [1] Valuation and Performance - The company's value score on Benzinga Edge's Stock Rankings increased from 89.55 to 90.50, placing it in the top 10% of stocks for relative worth [2] - Toll Brothers exhibits strong technical indicators with a momentum score of 78.80 and a 45.07% return over the last twelve months, indicating well-supported rising valuation [3] Earnings Report - In the fiscal first quarter, Toll Brothers reported an EPS of $2.19, surpassing the consensus estimate of $2.08, with revenue reaching $1.8 billion, a $287 million increase year-over-year [4] - The company closed more homes than expected, with an average selling price of approximately $976,900, reflecting operational efficiency [5] Analyst Sentiment and Market Demand - JMP Securities analyst James McCanless maintained a Market Outperform rating with a $175 price target, noting better demand trends for Toll Brothers compared to other market sectors [6] - The company's ability to reiterate its fiscal 2026 guidance is seen as a positive signal for long-term investors [6] Stock Performance - Year-to-date, shares of Toll Brothers have risen by 15.98%, while the S&P 500 index has advanced by 0.30% [7] - The stock has increased by 13.71% over the last six months and 45.07% over the past year [7]

Core Insights - Toll Brothers, Inc. has won seven Gold Awards and 28 Silver Awards at The Nationals, the highest awards competition in the home building industry, recognizing excellence in luxury home design [1][6]. Awards and Recognition - The National Association of Home Builders Sales and Marketing Council presents these prestigious awards to honor determination, integrity, creativity, and endurance in the building industry [2]. - Toll Brothers' divisions in Arizona, California, Colorado, and South Carolina received Gold Awards in various categories, showcasing their commitment to excellence in home design [4]. Specific Award Categories - Best Single-Family Detached Model Home (4,000 to 4,750 Square Feet): Sereno Canyon – Windgate, Scottsdale, Arizona [5] - Best Outdoor Living Space: Skyline at Summit in Orchard Hills - Avril, Irvine, California [5] - Best Interior Merchandising of Models across various price ranges, including: - $600,000 to $700,000: Coachman Reserve – Alisia, Simpsonville, South Carolina [5] - $700,000 to $800,000: Heights at DTC – Prentice, Centennial, Colorado [5] - $800,000 to $1 Million: Preserve at Kissing Camels – Pinon, Colorado Springs, Colorado [5] - $1.5 Million to $2.5 Million: Volara at Valencia – Altair, Valencia, California [5] - Best Landscape of a Model Complex: Skyline at Summit in Orchard Hills, Irvine, California [5]. 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 [8]. - The company operates in over 60 markets, catering to various buyer segments, including first-time, move-up, active-adult, and second-home buyers [8]. - Toll Brothers 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. (TOL) reported strong first-quarter fiscal 2026 results, with earnings and revenues exceeding expectations and showing year-over-year growth [1][4][10] Financial Performance - Adjusted earnings per share (EPS) reached $2.19, surpassing the Zacks Consensus Estimate of $2.05 by 6.8% and increasing 25.1% year-over-year [4] - Total revenues amounted to $2.15 billion, exceeding the consensus mark of $1.84 billion and reflecting a 15.4% year-over-year increase [4] Sales and Deliveries - Home sales revenues increased by 0.5% year-over-year to $1.85 billion, contrary to expectations of a decline [5] - Home deliveries decreased by 4.6% to 1,899 units, better than the anticipated 7.3% decline [5] - The average selling price (ASP) of homes delivered was $976,800, up 5.6% from the previous year [5] Contracts and Backlog - Net-signed contracts totaled 2,303 units, slightly down from 2,307 units year-over-year, but the value of these contracts rose to $2.38 billion from $2.31 billion [6] - The backlog at the end of the quarter was 5,051 homes, a 20% decrease year-over-year, with potential revenues from the backlog declining 13.3% to $6.02 billion [7] Margins and Expenses - Adjusted home sales gross margin was 24.8%, a contraction of 20 basis points [8] - Selling, general and administrative (SG&A) expenses as a percentage of home sales revenues increased to 13.9% from 13.1% year-over-year [8] Balance Sheet and Cash Flow - Cash and cash equivalents stood at $1.2 billion, down from $1.26 billion at the end of fiscal 2025 [9] - The debt-to-capital ratio decreased to 24.4% from 26% at the end of fiscal 2025 [9] Future Guidance - For the second quarter of fiscal 2026, home deliveries are expected to be between 2,400 and 2,500 units, with an average price of $975,000 to $985,000 [12] - For fiscal 2026, home deliveries are anticipated to be in the range of 10,300 to 10,700 units, reflecting a decline from fiscal 2025 [14] - The company expects an adjusted home sales gross margin of 26%, down from 27.3% in fiscal 2025 [15]

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]

| 1001 MILLSTONE BY TQLL BROTHERS | CARY, NC FIRST QUARTER 2026 COMPANY OVERVIEW m VI d ш > O > N √ d W O C 9 Z O Z l O STATEMENT OF FORWARD-LOOKING INFORMATION Information presented herein for the first quarter ended January 31, 2026 is subject to finalization of the Company's requlatory filings, related financial and accounting reporting procedures and external auditor procedures. This release contains or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform ...

Core Insights - Toll Brothers, Inc. reported strong first-quarter results for FY 2026, exceeding guidance across most metrics, with home sales revenues of $1.85 billion and earnings per diluted share of $2.19, a 25% increase year-over-year [3][8]. Financial Performance - The company delivered 1,899 homes at an average price of $977,000, generating home sales revenues of $1.85 billion, slightly up from $1.84 billion in FY 2025 [3][8]. - Adjusted gross margin for the quarter was 26.5%, exceeding guidance by 25 basis points, while SG&A expenses as a percentage of homebuilding revenues were 13.9%, better than guidance by 30 basis points [3][8]. - Net income for the quarter was $210.9 million, compared to $177.7 million in the same quarter of FY 2025, with pre-tax income rising to $273.6 million from $221.4 million [8][14]. Sales and Contracts - The company signed 2,303 net contracts valued at $2.4 billion, flat in units but up 3% in dollars year-over-year, with an average sales price of $1,033,000 [3][8]. - The backlog value at the end of the first quarter was $6.02 billion, down from $6.94 billion at the end of FY 2025, with homes in backlog decreasing to 5,051 from 6,312 [8][14]. Market Position and Strategy - Toll Brothers continues to focus on the luxury market, benefiting from a broad geographic footprint and a diverse range of home offerings [4][5]. - The company owns or controls approximately 75,000 lots, allowing for an annual community count growth of 8% to 10% in FY 2026 and beyond [5][15]. Recognition and Brand Strength - 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 of receiving this honor [6][20]. Financial Guidance - For the second quarter of FY 2026, the company projects deliveries of 2,400 to 2,500 units and an average delivered price per home of $975,000 to $985,000 [13]. - Full fiscal year guidance includes 10,300 to 10,700 units delivered and an adjusted home sales gross margin of 26.00% [13]. Balance Sheet and Liquidity - At the end of the first quarter, the company had $1.20 billion in cash and cash equivalents, with a debt-to-capital ratio of 24.4%, down from 26.0% at the end of FY 2025 [15][29]. - The company also extended the maturity of its senior unsecured revolving credit facility and increased the total amount available under the facility [15]. Shareholder Returns - The company repurchased approximately 0.3 million shares at an average price of $146.75 per share, totaling $50.5 million [8]. - A quarterly dividend of $0.25 per share was paid to shareholders, reflecting the company's commitment to returning value to stockholders [15][32].

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]

分组1 - Pelican Bay Capital Management (PBCM) reported a fourth-quarter 2025 return of 8.5% for its Concentrated Value Strategy, outperforming the Russell 1000 Value Index which returned 3.8% [1] - The strong performance was attributed to AI-related stocks and commodities exposure, with the full-year return for the Strategy at 20.6% compared to 15.9% for the Index [1] - PBCM focuses on investing in high-quality companies with strong balance sheets [1] 分组2 - Toll Brothers, Inc. (NYSE:TOL) was highlighted as an underperformer in PBCM's fourth-quarter 2025 investor letter, with a stock price of $153.28 as of February 6, 2026 [2] - The one-month return for Toll Brothers was 4.31%, and the stock increased by 22.42% over the past twelve months, with a market capitalization of $14.562 billion [2] - Elevated mortgage rates and a slowdown in new home sales negatively impacted investor sentiment and stock prices for homebuilding companies, including Toll Brothers [3] - Despite recent underperformance, PBCM remains bullish on the long-term prospects for the homebuilding sector, citing a housing shortage and significant discounts to intrinsic values [3] - Toll Brothers is not among the 30 most popular stocks among hedge funds, with 51 hedge fund portfolios holding the stock at the end of the third quarter, down from 54 in the previous quarter [4] - PBCM suggests that certain AI stocks may offer greater upside potential compared to Toll Brothers, while also acknowledging the investment potential of the company [4]

Core Insights - Toll Brothers, Inc. is launching a new luxury home community named Toll Brothers at The Bluffs at Wesley Chapel in Waxhaw, North Carolina, with sales expected to begin in spring 2026 [1][3] Group 1: Community Details - The new community will feature 12 homes with sizes ranging from 3,905 to over 5,200 square feet, offering up to 6 bedrooms and 5.5 bathrooms [3] - Anticipated pricing for the homes will start at $1.2 million [3] - The community will include options for spacious great rooms, dual staircases, first-floor primary bedrooms, and tranquil covered patios [3] Group 2: Location and Accessibility - The community is ideally located within Union County, providing easy access to major commuter routes such as Interstate 485 and North Carolina Route 16, facilitating travel to Charlotte and surrounding areas [5] - Nearby attractions include Wesley Chapel Village Commons, shops, boutiques, restaurants at Waverly, parks, and golf courses [5] 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 [9][10] - The company has been 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 of this recognition [11]