TORO CO

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.

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.