TOL

EX-99.1

2 tol-4302026x8kexh991.htm

EX-99.1

Document

EXHIBIT 99.1

FOR IMMEDIATE RELEASECONTACT: Gregg Ziegler (215) 478-3820

May 19, 2026gziegler@tollbrothers.com

Toll Brothers Reports FY 2026 Second Quarter Results

FORT WASHINGTON, Pa., May 19, 2026 -- Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, today announced results for its second quarter ended April 30, 2026.

FY 2026's Second Quarter Financial Highlights (Compared to FY 2025's Second Quarter):

•Net income and earnings per share were $260.6 million and $2.72 per diluted share, compared to net income of $352.4 million and $3.50 per diluted share in FY 2025's second quarter.

•Pre-tax income was $350.4 million, compared to $477.5 million in FY 2025's second quarter.

•Home sales revenues were $2.51 billion compared to $2.71 billion in FY 2025's second quarter; delivered homes were 2,491 compared to 2,899 in FY 2025's second quarter.

•Net signed contract value was $2.81 billion compared to $2.60 billion in FY 2025's second quarter; contracted homes were 2,834 compared to 2,650.

•Backlog value was $6.32 billion at second quarter end compared to $6.84 billion at FY 2025’s second quarter end; homes in backlog were 5,394 compared to 6,063.

•Home sales gross margin was 23.9%, compared to FY 2025’s second quarter home sales gross margin of 26.0%.

•Adjusted home sales gross margin, which excludes interest and inventory write-downs, was 26.2%, compared to FY 2025’s second quarter adjusted home sales gross margin of 27.5%.

•SG&A, as a percentage of home sales revenues, was 10.3% compared to 9.5% in FY 2025's second quarter.

•Income from operations was $346.6 million.

•Other income, income from unconsolidated entities, and gross margin from land sales and other was $9.3 million.

•The Company repurchased approximately 1.2 million shares at an average price of $143.72 per share for a total purchase price of $175.4 million.

Karl K. Mistry, chief executive officer, stated: “In the second quarter, we once again successfully navigated a challenging market and produced strong results. We delivered 2,491 homes at an average price of $1,009,000 in the quarter, generating $2.5 billion of home sales revenues, or approximately $110 million above the midpoint of our guidance. Our adjusted gross margin was 26.2%, or 70 basis points above guidance, and our SG&A expense, as a percentage of home sales revenues, was 10.3% or 40 basis points better than guidance. In addition, orders were up 7% in units and 8% in dollars year-over-year. Based on our year-to-date performance, we are raising our full year guidance across all key home building metrics.

“Our strong results continue to reflect our unique position as the nation’s leading builder of luxury homes, with operations spanning more than 60 markets across the country. The strength of our brand, broad geographic footprint, and wide variety of home offerings and price points, combined with our long history serving the luxury market and its affluent customers, continues to set us apart.

“In our second quarter, we repurchased $175 million of common stock, bringing our year-to-date total to $226 million, and we raised our quarterly dividend. In addition, we increased community count by 9% year-over-year and control sufficient land for continued 8% to 10% growth in 2027 and beyond. With a strong balance sheet, attractive margins and significant operating cash flows, we are well positioned to invest in the growth of our business and deliver strong returns to stockholders.”

Third Quarter and FY 2026 Financial Guidance:

Third Quarter Full Fiscal Year

Deliveries 2,600 - 2,700 units

10,400 - 10,700 units

Average Delivered Price per Home$965,000 -$985,000$985,000 -$1,000,000

Adjusted Home Sales Gross Margin25.25 %26.10 %

SG&A, as a Percentage of Home Sales Revenues10.0 %10.10 %

Period-End Community Count475480 - 490

Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other $5 million

$120 million

Tax Rate26.0 %25.5 %

Financial Highlights for the three months ended April 30, 2026 and 2025 (unaudited):

2026

2025

Net Income $260.6 million, or $2.72 per share diluted

$352.4 million, or $3.50 per share diluted

Pre-Tax Income

$350.4 million

$477.5 million

Pre-Tax Inventory Impairments included in Home Sales Costs of Revenues

$32.5 million

$9.8 million

Home Sales Revenues $2.51 billion and 2,491 units

$2.71 billion and 2,899 units

Net Signed Contracts $2.81 billion and 2,834 units

$2.60 billion and 2,650 units

Net Signed Contracts per Community 6.3 units

6.4 units

Quarter-End Backlog

$6.32 billion and 5,394 units

$6.84 billion and 6,063 units

Average Price per Home in Backlog $1,171,800

$1,128,100

Home Sales Gross Margin 23.9%

26.0%

Adjusted Home Sales Gross Margin 26.2%

27.5%

Interest Included in Home Sales Cost of Revenues, as a percentage of Home Sales Revenues1.1 %1.1 %

SG&A, as a percentage of Home Sales R

tol-202602170000794170false00007941702026-02-172026-02-17

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 17, 2026 Toll Brothers, Inc. (Exact Name of Registrant as Specified in Charter)

Delaware 001-09186 23-2416878 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

1140 Virginia DriveFort WashingtonPA19034 (Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code: (215) 938-8000 (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common stock, par value $0.01 per shareTOLThe New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On February 17, 2026, Toll Brothers, Inc. issued a press release which contained its results of operations for its three-month period ended January 31, 2026, a copy of which is attached hereto as Exhibit 99.1, to this report. The information hereunder shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d). Exhibits The following Exhibits are furnished as part of this Current Report on Form 8-K: Exhibit No.                            Item

99.1*    Press release of Toll Brothers, Inc. dated February 17, 2026 announcing its financial results for the three-month period ended January 31, 2026

104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Filed electronically herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TOLL BROTHERS, INC.

Dated:February 17, 2026 By: /s/ Erica J. Mainardi Erica J. Mainardi Senior Vice President, Chief Accounting Officer

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tol-202512080000794170false00007941702025-12-082025-12-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): December 8, 2025 Toll Brothers, Inc. (Exact Name of Registrant as Specified in Charter)

Delaware 001-09186 23-2416878 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

1140 Virginia DriveFort WashingtonPA19034 (Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code: (215) 938-8000 (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common stock, par value $0.01 per shareTOLThe New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On December 8, 2025, Toll Brothers, Inc. issued a press release which contained its results of operations for its three-month and twelve-month periods ended October 31, 2025, a copy of which is attached hereto as Exhibit 99.1, to this report. The information hereunder shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d). Exhibits The following Exhibits are furnished as part of this Current Report on Form 8-K: Exhibit No.                            Item

99.1*    Press release of Toll Brothers, Inc. dated December 8, 2025 announcing its financial results for the three-month and twelve-month periods ended October 31, 2025

104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Filed electronically herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TOLL BROTHERS, INC.

Dated:December 8, 2025 By: /s/ Michael J. Grubb Michael J. Grubb Senior Vice President, Chief Accounting Officer

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