Toll Brothers Profit Drops as Signed Luxury Home Contracts Rise
Net income fell to $280.1 million, or $2.97 per diluted share, from $369.6 million a year earlier. Despite the profit decline, net signed contracts rose to $2.52 billion, covering 2,508 homes, while cancellations eased. The company repurchased about 1.4 million shares for $206.8 million, raised its fiscal 2026 buyback target to $700 million, and kept full-year guidance steady.