NYSE$TOL
Toll Brothers Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Toll Brothers reported solid first quarter results with increased net income, EPS, and home sales revenues, driven by strong demand and market conditions.
Toll Brothers reported a strong first quarter in fiscal year 2022, with net income and earnings per share increasing significantly. Home sales revenues also saw a rise, driven by strong market demand and limited housing supply. The company reaffirmed its full-year projections, expecting continued growth and profitability.
- Net income and EPS increased by 57% and 63%, respectively, compared to the first quarter of FY 2021.
- Home sales revenues rose by 20% year-over-year, with a 9% increase in delivered homes.
- Net signed contract value increased by 19% to $3.0 billion, and contracted homes were up by 2%.
- Backlog value reached a record $10.8 billion, a 45% increase from the previous year.
Headline financials
Revenue & EPS history
Toll Brothers · Revenue · Quarterly
$1.79B
Revenue by segment
Toll Brothers · $1.65B total across 5 segments · Q1 2022
- Mountain$462M+22.3%28.0%
- Pacific$385M+16.2%23.3%
- North$315M+0.9%19.1%
- South$244M+12.3%14.8%
- Mid-Atlantic$243M+48.1%14.7%
Forward guidance
Toll Brothers reaffirms its full year projections, including 20% growth in home sales revenues, an adjusted gross margin of approximately 27.5%, and a return on beginning equity of approximately 23%.
Tailwinds
- Reaffirming all full year projections.
- Expecting 20% growth in home sales revenues.
- Anticipating an adjusted gross margin of approximately 27.5%.
- Projecting a return on beginning equity of approximately 23%.
- Continue to expect to grow our community count by 10% by fiscal year end from the 340 communities we were operating at the end of FY 2021.
Headwinds
- Ongoing supply chain disruptions remain a challenge.
- Labor shortages remain a challenge.
- Municipal delays remain a challenge.
- First quarter issues were exacerbated as the Omicron wave peaked in January.
- Fewer deliveries than expected due to Omicron wave.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
-0.2%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-1.3%
Avg return
30 days after
51%
35 / 68 earnings
Positive
+10.5%
Q3 2018
Best reaction
-19.5%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +9.9% | — | — | |
| Q1 2026 | -2.5% | -3.3% | -19.4% | |
| Q4 2025 | -2.4% | +2.2% | -0.5% | |
| Q3 2025 | -0.7% | +4.9% | +5.7% | |
| Q2 2025 | -0.4% | -0.2% | +3.6% | |
| Q1 2025 | -5.9% | -9.4% | -13.0% | |
| Q4 2024 | -5.5% | -13.1% | -17.6% | |
| Q3 2024 | +5.5% | +11.3% | +14.6% | |
| Q2 2024 | -9.0% | -6.2% | -11.7% | |
| Q1 2024 | +5.3% | +8.9% | +23.8% | |
| Q4 2023 | +1.9% | +6.5% | +13.2% | |
| Q3 2023 | +5.1% | +3.1% | -1.9% | |
| Q2 2023 | +0.6% | +5.2% | +17.2% | |
| Q1 2023 | +0.5% | +2.0% | +1.9% | |
| Q4 2022 | +5.6% | +4.0% | +11.3% | |
| Q3 2022 | +1.5% | +1.3% | -7.6% | |
| Q2 2022 | +2.9% | +9.4% | -4.9% | |
| Q1 2022 | -9.4% | -0.8% | -8.4% | |
| Q4 2021 | +2.3% | +5.3% | -3.2% | |
| Q3 2021 | +7.2% | +8.5% | +0.9% | |
| Q2 2021 | +6.3% | +7.7% | -6.1% | |
| Q1 2021 | +4.3% | -0.4% | +4.8% | |
| Q4 2020 | -5.4% | -7.3% | -11.6% | |
| Q3 2020 | -1.3% | -6.0% | +3.9% | |
| Q2 2020 | +7.0% | +6.7% | -2.7% | |
| Q1 2020 | -19.5% | -21.2% | -52.9% | |
| Q4 2019 | -3.6% | -2.8% | +1.1% | |
| Q3 2019 | -3.2% | -4.0% | +7.5% | |
| Q2 2019 | -2.4% | -3.2% | -0.2% | |
| Q1 2019 | -2.6% | -5.0% | -2.4% | |
| Q4 2018 | -1.0% | -1.2% | -1.0% | |
| Q3 2018 | +10.5% | +6.6% | +3.3% | |
| Q2 2018 | -8.5% | -6.6% | -14.3% | |
| Q1 2018 | -7.8% | -7.6% | -9.0% | |
| Q4 2017 | -7.9% | -5.5% | -1.0% | |
| Q3 2017 | -2.0% | -1.3% | +4.1% | |
| Q2 2017 | -0.2% | -1.7% | +2.3% | |
| Q1 2017 | +6.2% | +7.5% | +12.1% | |
| Q4 2016 | +7.0% | +5.6% | +4.6% | |
| Q3 2016 | +5.8% | +4.8% | -0.4% | |
| Q2 2016 | +7.3% | +7.6% | +1.8% | |
| Q1 2016 | +3.1% | — | — | |
| Q4 2015 | -9.8% | — | — | |
| Q3 2015 | -5.5% | — | — | |
| Q2 2015 | -1.4% | — | — | |
| Q1 2015 | +3.8% | — | — | |
| Q4 2014 | -7.6% | — | — | |
| Q3 2014 | -5.4% | — | — | |
| Q2 2014 | +2.1% | — | — | |
| Q1 2014 | +1.5% | — | — | |
| Q4 2013 | -2.4% | — | — | |
| Q3 2013 | +2.6% | — | — | |
| Q2 2013 | +4.4% | — | — | |
| Q1 2013 | -6.6% | — | — | |
| Q4 2012 | -5.6% | — | — | |
| Q3 2012 | +2.5% | — | — | |
| Q2 2012 | +2.1% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2011 | -2.7% | — | — | |
| Q3 2011 | +0.2% | — | — | |
| Q2 2011 | -2.0% | — | — | |
| Q1 2010 | +2.8% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q4 2008 | -0.2% | — | — | |
| Q3 2010 | +1.6% | — | — | |
| Q3 2009 | +1.6% | — | — | |
| Q4 2009 | +1.6% | — | — |
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