Every 8-K that Toll Brothers, Inc. (TOL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow TOL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TOL filings page.
Toll Brothers, Inc. (TOL) reported fiscal 2026 third quarter results showing lower profitability but solid demand and continued balance-sheet strength. For the quarter ended July 31, 2026, net income was $280.1 million and diluted EPS was $2.97, down from $369.6 million and $3.73 a year earlier. Home sales revenues were $2.65 billion on 2,662 deliveries versus $2.88 billion on 2,959 deliveries in 2025. Home sales gross margin was 23.9%, with adjusted home sales gross margin of 25.6%.
Demand indicators remained healthy: net signed contract value was $2.52 billion on 2,508 homes, above last year, and backlog stood at $6.24 billion and 5,312 homes. The company reaffirmed full-year guidance, including about $10.5 billion in home sales revenues and 26.1% adjusted home sales gross margin. It returned $231 million to stockholders in the quarter and $506 million year-to-date via repurchases and dividends, and increased projected fiscal 2026 share repurchases from $650 million to $700 million. Toll Brothers ended the quarter with $1.06 billion in cash, stockholders’ equity of $8.53 billion, a debt-to-capital ratio of 24.5%, and a net debt-to-capital ratio of 15.6%.
Toll Brothers, Inc. reported FY 2026 second quarter results showing lower profit and revenue versus a strong prior year, but solid operational performance and higher guidance. Net income was $260.6 million, or $2.72 per diluted share, down from $352.4 million and $3.50. Home sales revenues were $2.51 billion on 2,491 deliveries, compared with $2.71 billion on 2,899 deliveries.
Despite softer margins and higher impairments, demand stayed firm: net signed contracts rose to $2.81 billion and 2,834 homes, and quarter-end backlog was $6.32 billion and 5,394 homes. Adjusted home sales gross margin was 26.2%, SG&A was 10.3% of home sales revenues, and the company repurchased about 1.2 million shares for $175.4 million. Management raised full-year FY 2026 guidance across key homebuilding metrics and highlighted a strong balance sheet, with $1.11 billion in cash, a debt-to-capital ratio of 24.7%, and a net debt-to-capital ratio of 15.4%.
Toll Brothers, Inc. announced a planned leadership transition in its operations. Robert Parahus will retire as President and Chief Operating Officer effective June 30, 2026, and will remain for one year as a senior advisor to support a smooth handover and provide strategic guidance.
The Board appointed Seth J. Ring, currently Executive Vice President and a 22-year company veteran, to become President and COO and to join the Board, expanding it to 11 members with a term expiring at the 2027 annual meeting. His compensation package includes a $1,000,000 base salary, a target annual cash bonus of $1,750,000 for fiscal 2026 (pro-rated), and annual long-term equity awards totaling $3,750,000 (also pro-rated). Parahus is expected to receive $1,850,000 for his senior advisor role, half in cash and half in long-term equity subject to a four-year holding period.
Toll Brothers, Inc. implemented its previously announced CEO succession plan on March 30, 2026. The Board of Directors expanded from 9 to 10 members and appointed Karl K. Mistry as a Director, with his term expiring at the 2027 annual meeting of stockholders.
On the same date, Mr. Mistry succeeded Douglas C. Yearley, Jr. as Chief Executive Officer, while Mr. Yearley assumed the role of Executive Chairman. The company states Mr. Mistry is not expected to serve on any Board committee and reports no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.
Toll Brothers, Inc. reported the results of its Annual Meeting of stockholders held on March 10, 2026. There were 94,749,886 shares of common stock eligible to vote. Stockholders elected nine directors, including Douglas C. Yearley, Jr., Stephen F. East, Karen H. Grimes, Derek T. Kan, John A. McLean, Wendell E. Pritchett, Judith A. Reinsdorf, Katherine M. Sandstrom and Scott D. Stowell, with each nominee receiving significantly more votes "for" than "against."
Stockholders also approved the ratification of the company’s independent registered public accounting firm, with 76,429,546 votes for, 1,500,953 against and 73,174 abstentions. In addition, the advisory, non-binding resolution on executive compensation received strong support, with 66,975,675 votes for, 3,038,357 against, 122,791 abstentions and 7,866,850 broker non-votes.
Toll Brothers reported strong FY 2026 first quarter results, with net income of $210.9 million and diluted earnings per share of $2.19, up from $177.7 million and $1.75 a year earlier. Total revenues were $2.15 billion, driven by home sales revenues of $1.85 billion on 1,899 deliveries.
Net signed contracts reached $2.38 billion for 2,303 homes, modestly above last year in dollar terms, while backlog declined to $6.02 billion and 5,051 homes. Home sales gross margin slipped slightly to 24.8%, and adjusted home sales gross margin was 26.5% versus 26.9% last year.
The company repurchased about 0.3 million shares for $50.5 million and received approximately $330 million of net cash from selling roughly half of its Apartment Living portfolio to Kennedy Wilson, as it plans to exit multi-family development. Toll Brothers ended the quarter with $1.20 billion in cash, $2.20 billion available under its revolving credit facility, and a net debt-to-capital ratio of 14.2%, while maintaining full-year 2026 guidance for deliveries, margins, and community growth.
Toll Brothers, Inc. amended its main credit facilities to extend maturities and make modest pricing changes. The company’s senior unsecured revolving credit facility was increased from $2.35 billion to $2.375 billion and its maturity was pushed out from February 7, 2030 to February 5, 2031, while removing a 10-basis-point Secured Overnight Financing Rate (SOFR) credit spread adjustment.
The company also amended its $650 million senior unsecured term loan. The maturity date for $548,437,500 of outstanding loans was extended from February 7, 2030 to February 5, 2031, with $101,562,500 still due on February 7, 2030, and the SOFR credit spread adjustment was removed from substantially all outstanding loans. Toll Brothers and substantially all of its wholly owned homebuilding subsidiaries continue to guarantee both facilities.
Toll Brothers, Inc. is promoting Karl K. Mistry, currently an Executive Vice President, to become Chief Executive Officer effective March 30, 2026. He is also expected to join the Board of Directors around that date, while current Chairman and CEO Douglas C. Yearley, Jr. will move to the role of Executive Chair and continue to have a significant management role.
Mr. Mistry has been with the company since 2004 and now oversees homebuilding operations across 15 eastern states. His compensation as CEO includes a $1,000,000 base salary, a targeted fiscal 2026 cash incentive bonus of $2,250,000 (pro-rated between roles), and an annual long-term equity incentive award of $4,250,000 (also pro-rated), along with participation in the company’s executive benefit plans. Starting in fiscal 2027, Mr. Yearley is expected to receive total compensation of $6,600,000, split among salary, targeted cash incentive bonus, and long-term equity awards.
Toll Brothers, Inc. reported that its Senior Vice President and Chief Accounting Officer, Michael J. Grubb, has notified the company of his intention to retire as principal accounting officer effective February 2, 2026. Grubb, age 61, has been with the company for 22 years and has served as Chief Accounting Officer since January 2018.
The company intends to appoint Erica J. Mainardi, age 44, as Senior Vice President and Chief Accounting Officer, effective the same date. Mainardi joined Toll Brothers in June 2020 as Director of FP&A and became a Vice President in September 2021 with oversight of Corporate Accounting. Her prior experience includes senior technical accounting and reporting roles at DuPont de Nemours, Inc. and BrightView Holdings, Inc., as well as audit leadership at Ernst & Young LLP. She is a Certified Public Accountant with a B.S. in Accounting from Saint Joseph’s University. The company states there are no special arrangements, family relationships, or related-party transactions connected to her appointment.
Toll Brothers, Inc. reported that on December 8, 2025 it issued a press release announcing its financial results for the three-month and twelve-month periods ended October 31, 2025. This report furnishes that press release as Exhibit 99.1, rather than including the financial details directly. The company also notes that the information provided under this item is considered "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, which affects how related legal liabilities are treated.
Toll Brothers, Inc. filed a Form 8-K to furnish a Regulation FD disclosure. The company attached a press release dated September 18, 2025 as Exhibit 99.1, indicating it is being provided for informational purposes and will not be treated as formally filed under securities laws.
Toll Brothers, Inc. filed a Current Report on Form 8-K reporting a material event: a press release dated August 19, 2025 that announces the companys financial results for the three-month and nine-month periods ended July 31, 2025. The submission indicates the press release is furnished with the 8-K and that a Cover Page Interactive Data File is embedded in the Inline XBRL document. No specific revenue, earnings, guidance, or other financial figures are included in this filing excerpt.