Toll Brothers Sets 2025 Delivery Target of 11,200 Homes, Maintains Gross Margin

Toll Brothers has set a 2025 delivery target of 11,200 homes and maintained a full-year gross margin of 27.25%. The company's CEO, Douglas C. Yearley, announced the planned retirement of CFO Martin P. Connor and the appointment of Gregg Ziegler, currently Senior VP and Treasurer, as the new CFO in November.

Toll Brothers Inc. (TOL) reported its fiscal Q3 earnings, with net income of $369.6 million and adjusted earnings per share (EPS) of $3.73, both exceeding Wall Street estimates [1]. The home sales revenue rose 6% year-on-year to $2.88 billion, driven by higher average home prices despite a 4% decline in new contracts and a decrease in backlog value and units [1].

The company's adjusted gross margin of 27.5% exceeded guidance by 25 basis points, reflecting strategic pricing and operational efficiency [1]. Toll Brothers expects to deliver 3,350 homes in the next quarter and 11,200 units for the full fiscal year 2025, with an average delivered price per home of $970,000 to $980,000 [1, 2]. The company projects an adjusted home sales gross margin of 27.25% for the full year [1, 2].

Douglas C. Yearley, the CEO, announced the planned retirement of CFO Martin P. Connor and the appointment of Gregg Ziegler as the new CFO in November [1]. The current average analyst rating on Toll Brothers shares is "buy," with 12 "strong buy" or "buy," 4 "hold," and 2 "sell" or "strong sell" recommendations [1]. Wall Street's median 12-month price target for Toll Brothers Inc. is $143.00, about 8.3% above its August 18 closing price of $131.18 [1].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_PLX6F62CA:0-luxury-homebuilder-toll-brothers-q3-adjusted-eps-beats-estimates/
[2] https://seekingalpha.com/news/4487223-toll-brothers-non-gaap-eps-of-3_73-beats-by-0_13-revenue-of-2_94b