TOL Reports Q2 Earnings
Toll Brothers reports Q2 earnings of $0.43, in line with estimates, and guides Q3 deliveries and revenue
Guides Q3 deliveries 2.6-2.8K, Housing rev $1.2-1.35B v $1.29Be, Housing gross margin 16-16.6% - - Narrows FY26 Housing Rev $4.90-5.30B v $5.02Be (prior: $4.80-5.50B) - - Narrows FY26 deliveries 10.5-11.0K (prior: 10.0-11.5K) - - - Housing Gross Profit Margin 15.2% v 19.3% y/y (includes inventory charges, ex 15.7% v 19.7% y/y) - - Homes Delivered homes K, % - - Avg selling price $K v $494.4K y/y - - Ending backlog value $B v $2.3B y/y - - Net orders K, +% y/y - - Net order value $B v $1.61B y/y - - Cancellation rate (% of gross orders) % v % y/y - - - Comments: