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.

The Toro Company announced a leadership transition where Edric C. Funk will succeed Richard M. Olson as President and Chief Executive Officer, effective November 1, 2026. Mr. Olson will transition to the role of Executive Chairman on the same date. The Board of Directors increased its size from nine to ten members. The Toro Company is a global provider of solutions for the outdoor environment, including turf and landscape maintenance and irrigation.