Toll Brothers Q1 net income falls to $177.7 million; full-year guidance reaffirmed
Toll Brothers reported first-quarter fiscal 2025 net income of $177.7 million, or $1.75 per diluted share, down from $239.6 million, or $2.25 per share, a year earlier. The company blamed the decline primarily on impairments and a delay in the sale of a stabilized apartment property in one of its joint ventures, and it reaffirmed all key full-year homebuilding guidance.
Key points
- Home sales revenues were $1.84 billion, down 5%, while delivered homes rose 3% to 1,991.
- Net signed contract value was $2.31 billion, up 12%, but management said sales are pressured at the lower end of the market.
- Overall impairments were $22.6 million, compared with $1.5 million a year earlier.
- Full-year fiscal 2025 guidance was reaffirmed, including 11,200 to 11,600 deliveries; second-quarter deliveries are guided to 2,500 to 2,700 units.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.