Toll Brothers Projects $700M Buybacks and Reaffirms ~$10.5B Revenue Target for 2026
Toll Brothers (NYSE:TOL) reported strong Q3 performance, delivering 2,662 homes with $2.6 billion in home sales revenue, surpassing guidance expectations both in units and dollars. Executive Chairman Douglas Yearley highlighted the company's adjusted gross margin of 25.6% during the earnings call. The firm reaffirmed its long-term financial targets, projecting approximately $10.5 billion in revenue by 2026 while planning to repurchase up to $700 million worth of shares over that period. Toll Brothers also anticipates an annual community growth rate between 8% and 10%, signaling continued expansion. The results reflect confidence in the company's market position, with management emphasizing strong operational performance as a foundation for future growth.
Tickers: $TOL
Topics: adjusted_gross_margin home_sales_revenue real_estate