Toll Brothers (TOL) Q2 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 20, 2026 astatine 11:56 AM CDT 42 min read

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DATE

May 20, 2026, 8:30 a.m. ET

CALL PARTICIPANTS

• Executive Chairman — Douglas Yearley

• Chief Executive Officer — Karl Mistry

• Chief Financial Officer — Gregg Ziegler

• President and Chief Operating Officer — Rob Parahus

• Chief Marketing Officer — Wendy Marlett

• Incoming President and Chief Operating Officer — Seth Ring

Full Conference Call Transcript

Douglas Yearley: Thank you, Bailey. Good morning. Welcome, and convey you each for joining us. With maine contiguous are Karl Mistry, Chief Executive Officer; Gregg Ziegler, Chief Financial Officer; Rob Parahus, President and Chief Operating Officer; and Wendy Marlett, Chief Marketing Officer. We are besides joined contiguous by Seth Ring, who volition win Rob arsenic President and Chief Operating Officer erstwhile Rob retires connected June 30 and transitions to his caller relation arsenic a Senior Adviser to the company. Rob has been an invaluable person and contributor to the company's maturation and translation implicit the past 4 years, and I privation him good successful his retirement.

He has ever done a large occupation of helping to mentor the adjacent procreation of leadership, moving intimately with that to [indiscernible] caller role. Seth is simply a proven person and manufacture veteran, truthful successful his ain close with implicit 20 years of acquisition with the institution is conscionable terrific. He is the cleanable successor to Rob, and I'm excited to ticker arsenic helium partners with Karl and Gregg to assistance pb this institution into the future. During today's call, I volition supply a little overview of our results successful the quarter, sermon the marketplace astatine a macro level and interaction connected our strategical initiatives.

Karl volition absorption connected our operational results and supply a deeper dive connected conditions crossed our markets. And arsenic usual, Gregg volition supply a elaborate reappraisal of our fiscal results successful the 4th and sermon guidance for the equilibrium of the year. Before we start, however, I volition supply the accustomed cautionary announcement that galore statements connected this telephone are forward-looking based connected assumptions astir the economy, satellite events, lodging and fiscal markets, involvement rates, the availability of labour and materials, ostentation and galore different factors beyond our power that could importantly impact aboriginal results.

Please work our connection connected forward-looking accusation successful our net merchandise of past nighttime and connected our website to amended recognize the risks associated with our forward-looking statements. We are precise pleased with our 2nd 4th results. We bushed guidance connected some the apical and bottommost lines and posted different 4th of beardown margins. Based connected our archetypal fractional performance, we are raising our afloat twelvemonth guidance crossed each cardinal homebuilding metrics. Our results successful the 2nd 4th bespeak our unsocial presumption arsenic America's luxury homebuilder arsenic good arsenic the occurrence of our strategies of expanding our geographies, merchandise lines and terms points.