Toro CoTTC
▲ PositiveDemandrelevance
Strong Q3 sales growth and raised outlook driven by broad-based demand across segments.
Impact on stocks 1
Climate Adaptation & Water
Toro CoToro Company reported third-quarter fiscal 2026 net sales growth of 8.4% to $1.23 billion, with adjusted earnings per share of $1.33 and adjusted operating margin improving to 13.9%. The company raised its full-year sales growth outlook to 6.3%–6.6% and adjusted EPS to $4.60–$4.65, citing broad-based demand across professional and residential segments. Toro's AMP productivity program is expected to exceed its $125 million run-rate savings target, and year-to-date free cash flow reached $425 million, supporting $358 million in share repurchases. Management highlighted sustained demand for underground construction, golf technology, and select equipment products, while noting that residential sales are expected to be roughly flat for the full year.
Toro CoStrong Q3 sales growth and raised outlook driven by broad-based demand across segments.