Toll Brothers FY26 Q3 net income drops 24.2% to $280.1 million; home sales revenues fall to $2.65 billion
TOL•Quarterly results
Toll Brothers posted Q3 net income of $280.1 million, down 24.2% year over year; diluted EPS fell to $2.97.
Home sales revenues slipped 8% to $2.65 billion; deliveries declined 10% to 2,662 homes.
Margins and orders
Home sales gross margin narrowed 1.7 percentage points to 23.9%; SG&A rose 1.2 points to 10% of home sales revenues.
Net signed contract value rose 5% to $2.52 billion; backlog edged down 2.2% to $6.24 billion.
Guidance reaffirmed
Guidance was reaffirmed for about $10.5 billion of home sales revenues, with adjusted home sales gross margin of 26.1%.
