Toll Brothers, Inc. (TOL) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.031 Good 00:00:04.116 -- 00:00:10.324 day, and welcome to the Toll Brothers first quarter fiscal year 2026 conference call. 00:00:10.324 -- 00:00:13.128 All participants will be in listen-only mode. 00:00:13.128 -- 00:00:17.193 Should you need assistance, please signal a conference specialist by pressing the star 00:00:17.193 -- 00:00:19.456 key followed by zero. 00:00:19.456 -- 00:00:23.301 After today's presentation, there will be an opportunity to ask questions. 00:00:23.301 -- 00:00:27.326 To ask a question, you may press star then one on your telephone keypad, and to withdraw 00:00:27.326 -- 00:00:29.528 your question, please press star then two. 00:00:29.528 -- 00:00:33.673 We do ask that you please limit yourself to one question and a single follow-up. 00:00:33.673 -- 00:00:37.338 Please also note, today's event is being recorded. 00:00:37.338 -- 00:00:40.502 I would now like to turn the conference over to Douglas Yearley, CEO. 00:00:40.502 -- 00:00:43.163 Please go ahead, sir. 00:00:43.306 -- 00:00:47.671 Thank you, Rocco. Good morning. Welcome and thank you for joining us. 00:00:47.671 -- 00:00:53.118 With me today are Greg Ziegler, Chief Financial Officer, Rob Parrahouse, President 00:00:53.118 -- 00:00:59.009 and Chief Operating Officer, Wendy Morlette, Chief Marketing Officer, and Carl Mistry. 00:00:59.009 -- 00:01:04.538 who will be taking over as the third CEO in our company's history on March 30th, 00:01:04.538 -- 00:01:08.064 when I will transition to the executive chairman role. 00:01:08.064 -- 00:01:12.772 Carl is an outstanding leader who has been with Toll Brothers for over 20 years. 00:01:12.772 -- 00:01:17.319 He has run home building operations in many of our key markets and currently heads all 00:01:17.319 -- 00...