TOL News & Events

Investor sentiment remains uneasy with only modest gains seen across the major indices as markets reopened after an extended holiday weekend.  S&P 500 briefly made 2026 lows, slipping below 6,780 in the opening hours of Tuesday's session, before a late-day recovery.  Basic Materials and Energy were the worst performing sectors, with WTI Crude Oil prices slipping below $62 per barrel on reported talks between U.S. and Iran, while Real Estate was the best space in the benchmark as last week's soft inflation data continues to translate into expectations of more aggressive rate cuts this year.   The VIX volatility index - while still above 20 - also ended Monday well off its intraday high.In the opening hour of the evening session, S&P e-minis, Nasdaq 100, and Dow Industrials are all down about 0.1%.  Precious Metals and Oil prices also remain under modest pressure.  Wednesday's earnings calendar is highlighted by Booking Holdings, Analog Devices, Doordashand Carvana.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Rush Street Interactiveup 18.1%Quantumup 15.9%Pitney Bowesup 9.4%AtriCureup 8.3%Celaneseup 6.9%RB Globalup 5.7%Cadence Designup 4.8%Caesars Entertainmentup 3.2%Toll Brothersup 0.5%DOWN AFTER EARNINGS -Axcelis Technologiesdown 15.1%MKSdown 10.3%Palo Altodown 8.0%La-Z-Boydown 6.6%Glaukosdown 0.6%ALSO LOWER -Applied Digitaldown 8.8% as Nvidia exits positionSandiskdown 2.6% after equity offering

Sees Q2 Average Delivered Price per Home $975,000 - $985,000; Adjusted Home Sales Gross Margin 25.50%

Sees FY26 Average Delivered Price per Home $970,000 - $990,000; Adjusted Home Sales Gross Margin 26.00%

Reports Q1 revenue $2.146B, consensus $1.86B. Douglas Yearley, Jr., chairman and chief executive officer, stated: "We are pleased with our first quarter results, as we met or exceeded guidance across nearly all metrics. We delivered 1,899 homes at an average price of $977,000, generating home sales revenues of $1.85 billion. Our adjusted gross margin was 26.5% in the quarter, 25 basis points better than guidance, and our SG&A expense, as a percentage of homebuilding revenues, was 13.9%, 30 basis points better than guidance. As a result, we earned $2.19 per diluted share in the quarter, a 25% increase compared to the first quarter of fiscal 2025. In addition, we signed 2,303 net contracts for $2.4 billion in the quarter, flat in units but up 3% in dollars year-over-year as our average sales price increased to $1,033,000.