TORO CO (TTC) Form 8-K — Sep 3, 2026

$TTCForm 8-KItems 2.02, 9.01Filed Sep 3, 2026, 8:44 AM ET0000737758-26-000041Original filing

The Toro Company reported record fiscal third-quarter results on September 3, 2026, with net sales up 8.4% year-over-year to $1,225.8 million and reported diluted EPS up 50.0% to $0.81. Adjusted diluted EPS rose 7.3% to $1.33, and the company returned $110 million to shareholders in the quarter, bringing the year-to-date total to $471 million. Management raised full-year fiscal 2026 guidance, now expecting total company net sales growth of 6.3% to 6.6%, up from the prior 4.0% to 6.5% range, and adjusted EPS of $4.60 to $4.65, up from $4.50 to $4.62. CEO Richard M.

Key figures

Eps: $0.81 reported diluted (Q3); $1.33 adjusted diluted; $2.99 reported diluted (nine months)
Revenue: $1,225.8 million (fiscal Q3 2026 net sales; nine-month $3,686.8 million)
Guidance: FY2026 net sales growth of 6.3%-6.6% (raised from 4.0%-6.5%); FY2026 adjusted EPS of $4.60-$4.65 (raised from $4.50-$4.62)
Net Income: $77.0 million reported Q3; $126.8 million adjusted Q3; $290.3 million reported nine months
Total Debt: $962.0 million long-term debt (no current portion) as of July 31, 2026
Revenue Yoy: +8.4% (Q3); +7.0% (nine months)
Total Assets: $3,536.0 million as of July 31, 2026
Cash Position: $175.3 million as of July 31, 2026
Gross margin q3: 34.1% reported; 35.0% adjusted
Adjusted eps yoy q3: +7.3%
Interest expense q3: $13.8 million (down $1.3 million YoY)
Reported eps yoy q3: +50.0%
Impairment charge q3: $43.1 million non-cash (facility and product line exits)
Effective tax rate q3: 28.0% reported; 22.4% adjusted (vs 7.4% and 17.3% prior year)
Shareholder returns q3: $110 million; $471 million year-to-date
Organic sales growth q3: 6.2% total; Professional 6.1%; Residential 8.5%
Acquisitions nine months: $210.3 million (Tornado Infrastructure Equipment, completed December 8, 2025)
Dividends paid nine months: $112.8 million
Free cash flow nine months: $425.1 million (127.5% conversion)
Residential segment sales q3: $209.3 million (+8.6%)
Professional segment sales q3: $1,012.6 million (+8.8%)
Residential segment margin q3: 5.9% (up from 1.9% prior year)
Share repurchases nine months: $358.1 million
Professional segment margin q3: 20.9% (down from 21.3% prior year)
Prior year fiscal2025 net sales: $4.5 billion

Price after filing

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