Aug 18, 4:46 PM ET
Toll Brothers reported fiscal third-quarter 2026 results for the period ended July 31, 2026, with net income of $280.1 million, or $2.97 per diluted share, down from $369.6 million, or $3.73, a year earlier. Home sales revenues fell to $2.65 billion from $2.88 billion, and the company reaffirmed its full-year guidance while raising its projected fiscal 2026 share repurchases to $700 million from $650 million.
- Net income was $280.1 million, or $2.97 per diluted share, versus $369.6 million, or $3.73, in the prior-year third quarter.
- Home sales revenues were $2.65 billion on 2,662 delivered homes, compared with $2.88 billion on 2,959 homes a year earlier.
- Home sales gross margin was 23.9%, versus 25.6%; adjusted home sales gross margin was 25.6%, versus 27.5%.
- Full-year fiscal 2026 guidance was reaffirmed, including about $10.5 billion of home sales revenues, and projected share repurchases were raised to $700 million.
Read the filing on SEC.gov ↗
May 19, 4:42 PM ET
Toll Brothers reported second-quarter fiscal 2026 results for the three months ended April 30, 2026, with net income of $260.6 million ($2.72 per diluted share), down from $352.4 million ($3.50) a year earlier. Home sales revenues fell to $2.51 billion from $2.71 billion as deliveries declined to 2,491 homes from 2,899. Management said it is raising full-year guidance across its key home building metrics based on year-to-date performance.
- Net income $260.6 million, or $2.72 per diluted share, versus $352.4 million, or $3.50, a year earlier
- Home sales revenues $2.51 billion on 2,491 deliveries, versus $2.71 billion on 2,899 deliveries
- Adjusted home sales gross margin 26.2% versus 27.5%; SG&A at 10.3% of home sales revenues versus 9.5%
- Full-year FY 2026 guidance includes 10,400 to 10,700 deliveries and an adjusted home sales gross margin of 26.10%
Read the filing on SEC.gov ↗
May 13, 4:44 PM ET
Toll Brothers said Robert Parahus will retire as President and Chief Operating Officer effective June 30, 2026, and Executive Vice President Seth J. Ring will succeed him. Ring will also join the Board, which the filing says will increase to 11 members, and Parahus will stay on as a senior advisor through June 30, 2027.
- Seth J. Ring, age 46, succeeds Robert Parahus as President and COO effective June 30, 2026, and joins the Board with a term expiring at the 2027 annual meeting.
- Ring's compensation includes a $1,000,000 base salary, a fiscal 2026 targeted bonus of $1,750,000, and an annual equity award totaling $3,750,000, all pro-rated for fiscal 2026.
- Parahus will receive total compensation of $1,850,000 as a senior advisor, half in periodic cash payments and half in a long-term equity award.
Read the filing on SEC.gov ↗
Mar 31, 4:04 PM ET
Toll Brothers said its board added Karl K. Mistry as a director on March 30, 2026, and he succeeded Douglas C. Yearley, Jr. as chief executive the same day under a previously announced succession plan. Yearley now serves as Executive Chairman, so the company's leadership transition is complete while he remains involved in the business.
- Karl K. Mistry appointed director on March 30, 2026; board increased from 9 to 10 members
- Mistry succeeded Douglas C. Yearley, Jr. as CEO effective March 30, 2026
- Yearley assumes the role of Executive Chairman
- Mistry is not expected to serve on any board committee
Read the filing on SEC.gov ↗
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