The Toro Company raised its full-year fiscal 2026 guidance, now expecting net sales growth of 6.3% to 6.6% and adjusted earnings per share between $4.60 and $4.65, up from prior ranges of 4% to 6.5% and $4.50 to $4.62, respectively. In the third quarter, net sales increased 8.4% to $1.23 billion, with adjusted EPS of $1.33. Adjusted operating margin was 13.9%, up 30 basis points year-over-year. The company's adjusted earnings exclude a noncash impairment charge of $43 million as part of its AMP-related network optimization and product portfolio rationalization. CFO Angela Drake noted that AMP will exceed its target of $125 million in run-rate savings by year-end and has helped mitigate tariff impacts. CEO Richard Olson expressed confidence in the company's future under President and COO Edric Funk, who is set to lead the company.
Toro CoToro raised fiscal 2026 guidance to $4.60-$4.65 adjusted EPS and 6.3%-6.6% sales growth after Q3 sales rose 8.4% to $1.23B with 13.9% adjusted operating margin.
