Every material Form 8-K Toll Brothers filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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%
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.
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
Toll Brothers reported results for the first quarter ended January 31, 2026, with net income of $210.9 million, or $2.19 per diluted share, up from $177.7 million, or $1.75, a year earlier. Home sales revenues were $1.85 billion, roughly flat, while deliveries fell to 1,899 homes from 1,991, and backlog value dropped to $6.02 billion from $6.94 billion. Management said it is maintaining full-year fiscal 2026 guidance.
Net income $210.9 million, or $2.19 per diluted share, versus $177.7 million, or $1.75, in the prior-year quarter.
Home sales revenues $1.85 billion versus $1.84 billion; delivered homes 1,899 versus 1,991.
Quarter-end backlog $6.02 billion (5,051 homes) versus $6.94 billion (6,312 homes) a year earlier.
Full-year fiscal 2026 guidance includes 10,300 to 10,700 deliveries and an adjusted home sales gross margin of 26.00%.
Toll Brothers amended its $2.35 billion senior unsecured revolving credit agreement and its $650 million term loan agreement on February 5, 2026. The revolver's commitments rose to $2.375 billion and its maturity moved from February 7, 2030 to February 5, 2031, while the term loan's maturity was extended for $548,437,500 of outstanding loans. The amendments also removed the ten basis point SOFR credit spread adjustment, a routine change to borrowing terms that does not alter reported results in the filing.
Revolving credit commitments increased from $2.35 billion to $2.375 billion
Revolver maturity extended from February 7, 2030 to February 5, 2031
$548,437,500 of term loan maturity extended to February 5, 2031; $101,562,500 remains due February 7, 2030
SOFR credit spread adjustment of ten basis points removed from the revolver and substantially all term loans
Toll Brothers said Chairman and CEO Douglas Yearley will become Executive Chairman on March 30, 2026, and Executive Vice President Karl Mistry will succeed him as CEO on that date. Mistry is also expected to join the Board on or about the same date, and the filing lists his base salary, bonus target and equity award. The change is a planned succession, and the filing reports no change to financial results or guidance.
Karl K. Mistry, a Toll Brothers employee since 2004, becomes CEO effective March 30, 2026.
Mistry's compensation includes a $1,000,000 base salary, a $2,250,000 targeted annual cash bonus and a $4,250,000 annual equity award.
Douglas C. Yearley, Jr., CEO since 2010, will remain as Executive Chair of the Board and is expected to receive $6,600,000 in total compensation starting in fiscal 2027.
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