Quarterly ResultJun 4, 2026, 08:37 AM
Toro Co Q2 Net Sales $1.42B (+8.1%), Adj. EPS $1.60 (+12.7%); Raises FY Guidance
AI Summary
The Toro Company reported strong second-quarter fiscal 2026 results, exceeding expectations with net sales up 8.1% to $1.42 billion and adjusted diluted EPS increasing 12.7% to $1.60. This performance was driven by broad-based customer demand and continued margin expansion. Consequently, Toro Co raised its full-year net sales and adjusted EPS guidance, now expecting net sales growth of 4.0% to 6.5% and adjusted EPS in the range of $4.50 to $4.62.
Key Highlights
- Q2 Net Sales: $1.42 billion, up 8.1% year-over-year.
- Q2 Reported EPS: $1.50, up 9.5% year-over-year.
- Q2 Adjusted EPS: $1.60, up 12.7% year-over-year.
- Professional segment net sales: $1,106.6 million, up 9.1%.
- Residential segment net sales: $310.4 million, up 4.4%.
- Full-year net sales guidance raised to 4.0%-6.5% growth.
- Full-year adjusted EPS guidance raised to $4.50-$4.62.
- Returned $228 million to shareholders via dividends and share repurchases.
Price Impact
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