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

Investor webinar replay

Replay transcript excerpt

Good day, and welcome to the Toll Brothers first quarter fiscal year 2026 conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad, and to withdraw your question, please press star then two. We do ask that you please limit yourself to one question and a single follow-up. Please also note, today's event is being recorded. I would now like to turn the conference over to Douglas Yearley, CEO. Please go ahead, sir. Thank you, Rocco. Good morning. Welcome and thank you for joining us. With me today are Greg Ziegler, Chief Financial Officer, Rob Parrahouse, President and Chief Operating Officer, Wendy Morlette, Chief Marketing Officer, and Carl Mistry. who will be taking over as the third CEO in our company's history on March 30th, when I will transition to the executive chairman role. Carl is an outstanding leader who has been with Toll Brothers for over 20 years. He has run home building operations in many of our key markets and currently heads all of our eastern operations. He knows this company inside and out, and I am very confident he is the right person to lead us through the next phase of growth. During today's call, I will provide a brief overview of our results in the quarter, discuss the market at the macro level, and touch on our strategic initiatives. Carl will focus on our operational results and provide a deeper dive on conditions across our markets and product lines. And as usual, Greg will provide a detailed review of our financial results in the quarter and discuss guidance for the balance of the y...