Toll Brothers, Inc. — Form 8-K
Filed August 18, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
Toll Brothers reported Q3 FY2026 net income of $280.1M ($2.97/diluted share) vs. $369.6M ($3.73/share) YoY; home sales revenues $2.65B (2,662 units) vs. $2.88B (2,959 units); adjusted gross margin 25.6% vs. 27.5% YoY; net signed contracts grew 5% to $2.52B (2,508 units) but backlog declined to $6.24B (5,312 units) from $6.38B; company reaffirmed full-year guidance ($10.5B revenues, 26.1% adjusted margin) and increased share repurchase authorization from $650M to $700M; returned $231M to shareholders in Q3 ($506M YTD).
Why this rating
Margin compression (-190 bps adjusted YoY) and earnings decline (-24%) material to $9.9B company; offset by contract growth, reaffirmed guidance, and strong balance sheet (15.6% net debt-to-capital). Moderate deterioration in operational performance within guided expectations.
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