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Toll Brothers(TOL) - 2025 Q3 - Earnings Call Presentation
2025-08-20 12:30
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 ...
Toll Brothers Announces Gregg Ziegler to Succeed Marty Connor as CFO
Globenewswire· 2025-07-10 20:30
Core Viewpoint - Toll Brothers, Inc. announces the appointment of Gregg Ziegler as the new Chief Financial Officer, succeeding Marty Connor, effective at the end of the fiscal year on October 31, 2025. Connor will remain as a senior advisor for one year to ensure a smooth transition and provide strategic support [1][2][3]. Company Overview - Toll Brothers, Inc. is a leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986. The company operates in over 60 markets across 24 states and serves various buyer segments, including first-time and second-home buyers [5][6]. - The company has been recognized as one of Fortune magazine's World's Most Admired Companies for over 10 years and has received multiple awards, including Builder of the Year [6]. Leadership Transition - Gregg Ziegler, who has been with Toll Brothers for 23 years, will report directly to Chairman and CEO Douglas C. Yearley, Jr. and will oversee multiple functions including accounting, treasury, finance, tax, investor relations, risk management, internal audit, mortgage, title, and IT [2][4]. - Ziegler has held various roles within the company, including Senior Vice President and Treasurer, and has extensive experience in investor relations and corporate strategy [4].
Toll Brothers Q2 Earnings & Revenues Beat Estimates, Home Sales Up Y/Y
ZACKS· 2025-05-21 17:11
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].
Toll Brothers' Website to Broadcast Its Second Quarter 2025 Earnings Conference Call Live on May 21, 2025 at 8:30 a.m. (ET)
GlobeNewswire News Room· 2025-04-30 20:30
Core Viewpoint - Toll Brothers, Inc. will hold a conference call to discuss its second quarter results for FY 2025 on May 21, 2025, following the announcement of its financial results on May 20, 2025 [1]. Company Overview - Toll Brothers, Inc. is the leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986 under the NYSE symbol "TOL" [3]. - The company operates in over 60 markets across 24 states and the District of Columbia, serving various buyer segments including first-time, move-up, and active-adult buyers [3]. - Toll Brothers has its own subsidiaries in architectural, engineering, mortgage, title, land development, insurance, smart home technology, and landscape services, and also develops master-planned communities [3]. Recognition and Achievements - Toll Brothers has been recognized as one of Fortune magazine's World's Most Admired Companies for over 10 years and its CEO was named one of Barron's Top 25 CEOs in 2024 [4]. - The company has received multiple accolades, including Builder of the Year from Builder magazine and is the first two-time recipient of the same award from Professional Builder magazine [4].