The earnings call reflects a strong overall performance in fiscal 2024 with record revenues and income, supported by robust customer financials and strategic growth. However, challenges such as lower average home prices, increased incentives, and market softness in specific regions present concerns for future quarters.

Company Guidance

In the Toll Brothers Q4 2024 earnings call, the company reported impressive metrics, highlighting the delivery of 3,431 homes and generating $3.3 billion in home sales revenue, which marks a 25% increase in units and a 10% rise in dollars compared to Q4 2023. The adjusted gross margin exceeded guidance by 40 basis points, reaching 27.9%, while SG&A expenses were 8.3% of home sales revenues, 30 basis points better than expected. The company achieved earnings of $475 million, or $4.33 per diluted share, up 7% and 13%, respectively, from the previous year's fourth quarter. Contracts saw an over 30% increase in both dollars and units. For fiscal 2024, Toll Brothers reported record home sales revenue of $10.6 billion, $2 billion in pretax income, and $1.5 billion in net income, resulting in record earnings of $15.01 per diluted share, and a return on beginning equity of 23.1%. The company's guidance for 2025 anticipates new home deliveries between 11,200 and 11,600 homes, with an average price between $945,000 and $965,000, and an adjusted gross margin of approximately 27.25% for the year.

Strong Home Sales and Revenue Growth

In Q4 2024, we delivered 3,431 homes and generated $3.3 billion in home sales revenues, up 25% in units and 10% in dollars compared to Q4 2023.

Record Full Year Performance

Full year 2024 saw record home sales revenue of $10.6 billion, over $2 billion in pretax income, and $1.5 billion in net income, with record earnings of $15.01 per diluted share.

Increased Contracts and Community Count

Contracts grew by 27% in both units and dollars, and community count increased by 10% to 408 communities at year-end.

High Cash Flow and Share Buybacks

Generated approximately $1 billion in cash flow from operations and repurchased $628 million in common stock throughout fiscal 2024.

Strong Customer Financial Profile

28% of buyers paid all cash, with a loan-to-value ratio for mortgage-taking buyers at approximately 69%, and a low cancellation rate of 2.5%.

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Toll Brothers Inc. (GB:0LFS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0LFS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 21, 2018	2018 (Q3)	- / 1.26	0.87	44.83% (+0.39)	―	―
Dec 04, 2018	2018 (Q4)	- / 2.08	1.17	77.78% (+0.91)	―	―
Feb 26, 2019	2019 (Q1)	- / 0.76	0.83	-8.43% (-0.07)	―	―
May 21, 2019	2019 (Q2)	- / 0.87	0.72	20.83% (+0.15)	―	―
Aug 20, 2019	2019 (Q3)	- / 1.00	1.26	-20.63% (-0.26)	―	―
Dec 09, 2019	2019 (Q4)	- / 1.41	2.08	-32.21% (-0.67)	―	―
Feb 25, 2020	2020 (Q1)	- / 0.41	0.76	-46.05% (-0.35)	―	―
May 27, 2020	2020 (Q2)	- / 0.59	0.87	-32.18% (-0.28)	―	―
Aug 25, 2020	2020 (Q3)	- / 0.90	1	-10.00% (-0.10)	―	―
Dec 07, 2020	2020 (Q4)	- / 1.55	1.41	9.93% (+0.14)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0LFS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 09, 2024	$154.25	$146.81	-4.82%
Aug 20, 2024	$132.90	$141.37	+6.37%
May 21, 2024	$129.39	$119.20	-7.88%
Feb 20, 2024	$102.29	$106.88	+4.48%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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