Toll Brothers (TOL) Company Report

Kennedy Wilson will acquire Toll Brothers' Apartment Living platform for $347 million, with the transaction expected to close in October 2025.
The acquisition will add over $5 billion of assets under Kennedy Wilson management, including $2.2 billion of AUM from 18 acquired properties and $3.0 billion of AUM from 20 properties Kennedy Wilson will manage for Toll Brothers.
Toll Brothers intends to exit the multifamily development business and dispose of its remaining apartment and student housing assets over time.

Sep 18, 2025, 10:20 AM

8-K

Toll Brothers Announces CFO Succession

TOL

CFO Change

Management Change

Executive Compensation

Toll Brothers, Inc. announced on July 10, 2025, that Marty Connor will retire as Chief Financial Officer effective October 31, 2025.
Gregg Ziegler, Senior Vice President, Investor Relations & Treasurer and a 23-year company veteran, will succeed Mr. Connor as Executive Vice President and Chief Financial Officer, effective November 1, 2025.
As the new CFO, Mr. Ziegler's compensation will include an annual base salary of $875,000, a targeted annual cash incentive bonus of $1,270,000, and an annual equity award with a total grant date fair value of $1,355,000.
Following his retirement, Mr. Connor will serve as a senior advisor for a one-year period ending October 31, 2026, and is expected to receive total compensation of $2,500,000 for this role.

Jul 11, 2025, 12:00 AM

8-K

Toll Brothers schedules redemption of $350M 4.875% Senior Notes due 2025

TOL

On June 13, 2025, Toll Brothers Finance Corp., a wholly-owned subsidiary of Toll Brothers, Inc., delivered notice to redeem all $350,000,000 aggregate principal of its 4.875% Senior Notes due 2025.
The Notes will be redeemed on July 15, 2025 at a price equal to the greater of 100% of principal or the present value of remaining scheduled payments discounted at the Treasury Rate plus 50 bps; accrued interest to, but excluding, the redemption date will also be paid.
The filing includes the Cover Page Interactive Data File embedded within the Inline XBRL document as Exhibit 104.

Jun 13, 2025, 12:00 AM

8-K

Toll Brothers Announces 5.600% Senior Notes Due 2035 Issuance

TOL

Debt Issuance

Toll Brothers, Inc. announced the issuance of $500 million in 5.600% Senior Notes due 2035, guaranteed by the company and its subsidiaries, as detailed in the 8-K filing.
The public offering, facilitated through an underwriting agreement signed on June 5, 2025, is structured to include semiannual interest payments starting December 15, 2025, with maturity on June 15, 2035.
Key terms include redemption options and detailed pricing information, underpinning the strategic debt issuance initiative.

Jun 10, 2025, 12:00 AM

8-K

Toll Brothers Q2 2025 Earnings Exceed Guidance

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Earnings

Guidance Update

Share Buyback

Record Q2 performance with delivery of 2,899 homes generating $2.71 billion in revenue, an adjusted gross margin of 27.5%, and EPS of $3.50, exceeding guidance by $236 million ( , ).
FY2025 guidance reaffirmed with expected home sales revenue of $10.9 billion, a balanced mix of build-to-order and spec homes, and an increased share buyback target from $500 million to $600 million, supported by a strong balance sheet (net debt-to-capital ratio of 19.8%) ( , ).

May 21, 2025, 12:31 PM

Transcript

Toll Brothers Reports Q2 2025 Financial Results

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Earnings

Dividends

Share Buyback

Home Sales Revenue Reached $2.71 Billion: The company delivered 2,899 homes in Q2 2025, surpassing guidance and indicating robust performance despite a competitive market environment.
Strong Profitability Metrics: Q2 GAAP net income was $352.4 million with diluted EPS of $3.50, and home sales gross margin held at 26.0%, reflecting disciplined cost management.
Capital Actions and Financial Position: The company repurchased approximately 1.6 million shares at an average price of $107.84 per share and maintained a solid cash position with notable revolving credit availability.

May 20, 2025, 12:00 AM

8-K

Toll Brothers Approves Amendment to Director Removal Requirements

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Board Change

Proxy Vote Outcomes

Amendment Approved: Stockholders approved an amendment to Toll Brothers’ Certificate of Incorporation modifying the director removal threshold from a supermajority (66-2/3% vote) to a simple majority vote.
Annual Meeting Vote Details: The amendment was part of the proposals at the March 11, 2025, Annual Meeting, where detailed voting outcomes for director elections and other matters were disclosed.

Mar 12, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Toll Brothers.

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