Toll Brothers — Dec 9, 2024 release

Our healthy balance sheet, low leverage, and ample liquidity, including significant projected cash flows from operations in fiscal 2025, should allow us to continue investing in our business while returning cash to shareholders well into the future.” First Quarter and FY 2025 Financial Guidance: First Quarter Full Fiscal Year Deliveries 1,900 - 2,100 units 11,200 - 11,600 units Average Delivered Price per Home $925,000 - $945,000 $945,000 - $965,000 Adjusted Home Sales Gross Margin 26.25  % 27.25  % SG&A, as a Percentage of Home Sales Revenues 12.7  % 9.4% - 9.5% Period-End Community Count 410 440 - 450 Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other $33 million $110 million Tax Rate 22.0  % 25.5  % 3 Financial Highlights for the three months ended October 31, 2024 and 2023 (unaudited): 2024 2023 Net Income $475.4 million, or $4.63 per share diluted $445.5 million, or $4.11 per share diluted Pre-Tax Income $621.1 million $605.0 million Pre-Tax Inventory Impairments included in Home Sales Costs of Revenues $24.1 million $8.3 million Home Sales Revenues $3.26 billion and 3,431 units $2.95 billion and 2,755 units Net Signed Contracts $2.66 billion and 2,658 units $2.01 billion and 2,038 units Net Signed Contracts per Community 6.5 units 5.7 units Quarter-End Backlog $6.47 billion and 5,996 units $6.95 billion and 6,578 units Average Price per Home in Backlog $1,078,700 $1,055,800 Home Sales Gross Margin 26.0  % 27.5  % Adjusted Home Sales Gross Margin 27.9  % 29.1  % Interest Included in Home Sales Cost of Revenues, as a percentage of Home Sales Revenues 1.2  % 1.4  % SG&A, as a percentage of Home Sales Revenues 8.3  % 8.2  % Income from Operations $611.1 million, or 18.3% of total revenues $558.6