From GlobeNewswire: 2025-05-20 16:30:00

Toll Brothers, Inc. reported their second quarter results for FY 2025, showing net income of $352.4 million and earnings per share of $3.50. Home sales revenues were $2.71 billion, with 2,899 delivered homes. The company’s backlog value was $6.84 billion at the end of the second quarter. Adjusted home sales gross margin was 27.5%. Pre-tax income was $477.5 million.

Toll Brothers’ chairman and CEO, Douglas C. Yearley, Jr., expressed satisfaction with the second quarter results, highlighting record home sales revenues of $2.71 billion. The company reaffirmed its full-year guidance based on strong first-half results and backlog. Despite a softer demand environment, Toll Brothers exceeded earnings expectations and maintained a balanced portfolio.

For the third quarter and full FY 2025, Toll Brothers provided financial guidance including deliveries of 2,800 to 3,000 units and an average delivered price per home of $965,000 to $985,000. Adjusted home sales gross margin is expected to be 27.25%. SG&A is estimated to be 9.2% for the third quarter and 9.4% to 9.5% for the full year. Period-end community count is projected to be 430 for the third quarter and 440 to 450 for the full year. Other income, income from unconsolidated entities, and gross margin from land sales and other is forecasted to be $110 million for the full year.

Toll Brothers ended the second quarter with $686.5 million in cash and cash equivalents. Stockholders’ equity was $7.95 billion, with a debt-to-capital ratio of 26.1%. The Company repurchased approximately 1.6 million shares at an average price of $107.84 per share for a total purchase price of $177.4 million. Toll Brothers will be hosting a conference call on May 21, 2025, to discuss these results and the outlook for the third quarter and FY 2025. The call can be accessed via the Investor Relations section of their website.



Read more at GlobeNewswire:: Toll Brothers Reports FY 2025 Second Quarter Results