What Toll Brothers's latest 10-Q says: 8 signals
Toll Brothers filed its latest 10-Q with the SEC on Aug 28, 2026. It discusses bookings decline, cash flow concern and divestiture.
Public (TOL)Leasing Real Estate10,000+ employeestollbrothers.comLinkedIn
- Filed
- Aug 28, 2026
- Filings
- 3
- Signals
- 25
10-Q · latest 10
What Toll Brothers's 10-Q filings say
- SEC EDGAR
10-Q
Filed · 8 signals
With over $814 million in variable-rate debt, the company is highly exposed to interest rate fluctuations, which directly impacts earnings and cash flow.
$8.2M
Annual increase in interest incurred per 1% increase in interest rates
1%
Interest rate increase
Company records $97.4M in impairment charges on Rental Property Joint Ventures in fiscal 2026.
Toll Brothers recognized significant other-than-temporary impairment charges of $97.4 million on its rental property JVs in the first nine months of fiscal 2026.
$97.4M
Other-than-temporary impairment charges on Rental Property Joint Ventures
Toll Brothers sold approximately half of its Apartment Living portfolio in a major strategic shift.
The company divested a large part of its rental apartment business to reduce losses from unconsolidated entities.
$97.4M
other-than-temporary impairment charges related to Rental Property Joint Ventures in the nine months ended July 31, 2026
Toll Brothers records $97.4M in impairment charges on rental property JVs YTD.
The company recognized significant other-than-temporary impairment charges on its Rental Property Joint Ventures, alongside land and inventory impairments in its homebuilding segments.
$97.4M
Other-than-temporary impairment charges related to Rental Property Joint Ventures for the nine months ended July 31, 2026.
Pacific division hit with $24.1M in inventory impairment charges amid soft demand.
The Pacific division recorded $24.1 million in inventory impairment charges over nine months, highlighting struggles with profitability and asset valuation.
$24.1M
Inventory impairment charges in the Pacific division over nine months
Gross margins decline in Mid-Atlantic and South regions due to higher costs and mix shifts.
Profitability is being squeezed by increased home sales cost of revenues and a shift to less expensive products.
-2.1%
Year-over-year decline in home sales gross margin for the Mid-Atlantic region in Q3 (from 24.4% to 22.3%).
Net signed contracts fall in Mid-Atlantic and Pacific regions amid "soft demand conditions".
Despite an increase in selling communities, Toll Brothers is struggling with demand generation in key markets, with net contracts decreasing.
Company discloses a 1% interest rate hike would increase annual interest costs by $8.2M.
With over $814 million in variable-rate debt, the company's earnings and cash flow are directly exposed to interest rate fluctuations.
$8.2M
Annual increase in interest incurred for each 1% increase in interest rates.
1%
Increase in interest rates.
- SEC EDGAR
10-Q
Filed · 7 signals
Pacific region hit with $17M inventory impairment charge in Q2 2026
Toll Brothers recorded a $17.0 million inventory impairment charge in its Pacific region, a 1600% increase from $1.0 million in the prior year's quarter.
$17M
Inventory impairment charges for the three months ended April 30, 2026 in the Pacific region.
Toll Brothers took a $57.8M impairment charge on its Rental Property Joint Ventures in H1 2026.
The company recognized significant other-than-temporary impairment charges on its rental property joint ventures, indicating underperformance and financial stress in this portfolio, which could trigger strategic reviews and a need for new asset management or financial analysis tools.
$57.8M
Other-than-temporary impairment charges related to several Rental Property Joint Ventures over six months.
Earlier 10-Q filings
- 10-QFiled · 10 signalsSEC EDGAR
Showing 10 of 25 filing signals. The Signal API returns all of them.
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Toll Brothers earnings headlines
From earnings call transcripts (Signal API type earnings-transcripts).
| Call date | What the company said |
|---|---|
| Luxury move-up segment drives 61% of revenue at $1.35M average priceThe luxury move-up business is the company's best-performing and highest-margin segment, accounting for 61% of home sales revenue. The average price for these homes is $1.35 million. This segment requires lower incentives and is a growing focus, with less competition for land. | |
| Committing to 8-10% community count growth for FY27 and beyondThe company is on track for its third consecutive year of 8-10% community count growth in fiscal 2026 and confirms its existing land position supports similar growth in fiscal 2027 and beyond. This growth plan will not be modified even if the market softens, with a focus on opening new communities in the South and Mountain regions. | |
| Q3 revenue beats guidance at $2.6B with strong 25.6% gross marginExceeded guidance by delivering 2,662 homes for $2.6 billion in revenue. Adjusted gross margin was 25.6%, 35 basis points better than guidance, driven by favorable product mix and operating efficiencies. Earnings per diluted share were $2.97, also beating expectations. | |
| Spent $452M on land acquisition in Q3, focusing on capital efficiencyThe company invested approximately $452 million in land acquisition during the third quarter. The strategy emphasizes capital efficiency and rigorous underwriting, with 58% of its approximately 75,500 owned or controlled lots being optioned, reducing direct capital outlay. | |
| Increasing full-year stock repurchase projection to $700M, up from $650MThe company is increasing its capital return program, raising the full-year stock repurchase projection to $700 million from a previous $650 million. Additionally, full-year home sales revenue guidance is increasing by approximately $53 million due to a higher projected average delivered price. | |
| Acquired Buffington, expanding into Northwest Arkansas with bolt-on M&A strategyThe company acquired Buffington in May, marking an expansion into Northwest Arkansas. This fits their long-term M&A strategy of careful, bolt-on acquisitions that complement their luxury brand. Buffington contributed approximately 30 sales and 25 settlements in Q3, with higher results expected in Q4. |
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Source. Quarterly reports (Form 10-Q) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .