Earnings ·
The Toro Company reported fiscal third-quarter results ending July 31, 2026, with net sales increasing 8.4%…
TTCToro Co
The Toro Company reported fiscal third-quarter results ending July 31, 2026, with net sales increasing 8.4% year-over-year to $1.23 billion and diluted EPS rising 50.0% to $0.81. Adjusted diluted EPS grew 7.3% to $1.33. The company raised its full-year guidance, now expecting total net sales growth of 6.3% to 6.6% (up from 4.0%-6.5%) and adjusted EPS of $4.60 to $4.65 (up from $4.50-$4.62). During the quarter, the company returned $110 million to shareholders, bringing year-to-date total returns to $471 million through dividends and share repurchases. The Toro Company is a leading global provider of solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground construction, rental and specialty construction, and irrigation and outdoor lighting solutions.