Quarterly ResultMay 29, 2026, 04:18 PM
Toll Brothers Q2 Net Income $260.6M, EPS $2.72; Revenue $2.51B
AI Summary
Toll Brothers, Inc. reported a decline in its second-quarter financial results for 2026, with net income falling to $260.6 million and diluted EPS to $2.72, alongside a decrease in home sales revenue to $2.51 billion. Despite the financial downturn, the company completed the disposition of its Apartment Living portfolio for $330.0 million and acquired Buffington Homes of Arkansas, expanding its land holdings. Inventory levels also saw an increase, reflecting ongoing development and strategic investments.
Key Highlights
- Net income for Q2 2026 decreased to $260.6 million from $352.4 million year-over-year.
- Diluted EPS for Q2 2026 decreased to $2.72 from $3.50 year-over-year.
- Home sales revenue for Q2 2026 decreased to $2.51 billion from $2.71 billion year-over-year.
- Completed the disposition of approximately half of its Apartment Living portfolio for $330.0 million in net cash proceeds.
- Acquired substantially all assets and operations of Buffington Homes of Arkansas in May 2026, including 1,500 home sites.
- Inventory increased to $11.38 billion at April 30, 2026, from $10.68 billion at October 31, 2025.
- Repurchased $175.4 million of treasury stock during the three months ended April 30, 2026.
- Declared $24.8 million in dividends during the three months ended April 30, 2026.
Price Impact
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