Toro Company raises fiscal 2026 outlook after third-quarter earnings beat

  • The Toro Company reported third-quarter adjusted earnings and sales above analyst estimates.
  • Sales reached $1.223 billion, up 8.4% year over year, including 6.2% organic growth.
  • Toro raised fiscal 2026 adjusted EPS and sales guidance, while shares fell 6.70% to $92.50.

The Toro Company reported third-quarter adjusted earnings of $1.33 per share and sales of $1.223 billion, exceeding analyst estimates of $1.31 and $1.191 billion, respectively. Sales increased 8.4% year over year, including 6.2% organic growth, while adjusted operating margin expanded 30 basis points to 13.9%. Toro raised its fiscal 2026 adjusted EPS guidance to $4.60-$4.65 and its sales outlook to $4.794 billion-$4.808 billion, above consensus estimates. The company said its AMP productivity initiative has reached its $125 million run-rate savings target, although tariffs and commodity inflation have absorbed some benefits. Shares were down 6.70% at $92.50 at the time of publication Thursday, according to Benzinga Pro data.

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