Quarterly ResultJun 4, 2026, 12:26 PM
Toro Company Q3 Sales Up 8.1% to $1.42B; Net Earnings $145.4M
AI Summary
The Toro Company reported a strong third quarter with net sales increasing by 8.1% year-over-year to $1.42 billion and net earnings rising to $145.4 million, or $1.50 per diluted share. For the first six months of the fiscal year, net sales grew 6.4% to $2.46 billion, with net earnings up to $213.3 million, or $2.18 per diluted share. The company also completed the acquisition of Tornado Infrastructure Equipment for $210.3 million, which is expected to enhance its Professional segment. Inventory levels have decreased compared to the previous year.
Key Highlights
- Toro Company reported Q3 net sales of $1.42B, up 8.1% YoY.
- Q3 net earnings increased to $145.4M, or $1.50 per diluted share, up from $136.8M, or $1.37 per share YoY.
- Six-month net sales reached $2.46B, a 6.4% increase compared to the prior year.
- Six-month net earnings were $213.3M, or $2.18 per diluted share, up from $189.6M, or $1.88 per share YoY.
- Acquisition of Tornado Infrastructure Equipment for $210.3M completed on December 8, 2025.
- Goodwill from Tornado acquisition was $138.1M, increasing Professional segment goodwill to $581.0M.
- Inventories decreased to $923.4M as of May 1, 2026, down from $1,119.8M YoY.
- Total assets were $3.71B as of May 1, 2026, down from $3.79B YoY.
Price Impact
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