Toll Brothers, Inc. (TOL) Q4 2025 Earnings Call

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WEBVTT 00:00:00.183 -- 00:00:05.271 Good morning and welcome to the Toll Brothers fourth quarter fiscal year 2025 conference 00:00:05.271 -- 00:00:08.776 call. All participants will be in listen-only mode. 00:00:08.776 -- 00:00:13.003 Should you need assistance, please signal a conference specialist by pressing the star 00:00:13.003 -- 00:00:18.111 key followed by zero. After today's presentation, there will be an opportunity to 00:00:18.111 -- 00:00:23.960 ask questions. To ask a question, you may press star then one on your telephone keypad. 00:00:23.960 -- 00:00:27.571 To withdraw your question, please press star then two. 00:00:27.571 -- 00:00:31.335 The company is planning to end the call at 9.30 when the market opens. 00:00:31.335 -- 00:00:35.780 During the Q&A, please limit yourself to one question and one follow-up. 00:00:35.780 -- 00:00:40.365 Please note this event is being recorded. I would now like to turn the conference over 00:00:40.365 -- 00:00:44.769 to Douglas Yearley, CEO. Please go ahead. 00:00:44.769 -- 00:00:49.274 Thank you, Drew. Good morning. Welcome and thank you all for joining us. 00:00:49.274 -- 00:00:55.121 With me today are Rob Parahouse, President and Chief Operating Officer, Wendy Marlette, 00:00:55.121 -- 00:00:57.811 Chief Marketing Officer, and Greg Ziegler. 00:00:57.811 -- 00:01:03.517 our new Chief Financial Officer. While Greg has been on these calls for many years, 00:01:03.517 -- 00:01:07.482 this is his first as our CFO. Congratulations, Greg. 00:01:07.482 -- 00:01:13.308 Thank you, Doug. As usual, I caution you that many statements on this call are forward-looking, 00:01:13.308 -- 00:01:18.634 based on assumptions about the economy, world events, housing and financial markets, 00:01:18.634 -- 00:01:23.699 interest rates, the ...