Jul 2026 (Q3 FY26) — Sep 3, 2026
The Toro Company Q3 FY26 — Strong Sales Momentum and Raised Full-Year Guidance
Read the full callTORO (TTC) earnings
- Jul 2026
- Jul 2026 (Q3 FY26)
- Oct 2025
TORO earnings: last reported Thu, 3 Sep 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,226 | +8.4% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 9.4 | +3.7 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 77.0 | +43.9% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
26 of 28 judged targets kept · 26 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS growth | mid-single-digit adjusted earnings per share growth | Jan 2026 | As a net result for the second quarter, we increased adjusted EPS 13% to $1.60. | Achieved |
| Adjusted diluted EPS | $4.35 to $4.50 | Oct 2025 | We are raising full year adjusted earnings per share to be in the range of $4.50 to $4.62, up from the prior range of $4.40 to $4.60. | Revised Up |
| Adjusted diluted EPS growth | up mid-single digits | Apr 2026 | As a result of these factors, we expect third quarter total company adjusted EPS up mid-single digits. | New |
2 of TORO CO's 54 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 51 more targets are in the full ledger.
Claimed
- Net sales increased 8.4% to $1.23 billion, with both professional and residential segments growing over 8%.
- Adjusted EPS grew to $1.33, driven by operational performance and share repurchases.
- Adjusted operating margin expanded by 30 basis points to 13.9%.
- Generated $425 million in free cash flow year-to-date, with a conversion rate of 128%.
- Raised full-year adjusted EPS guidance to $4.60-$4.65, reflecting strong Q3 outperformance and improved Q4 outlook.
Qualified
- Professional segment adjusted operating margin decreased by 40 basis points year-over-year due to product mix and higher manufacturing costs.
- Adjusted tax rate was 22.4%, higher than expected due to geographic mix of earnings, impacting EPS by $0.08.
- Full-year IEEPA refunds guidance reduced to $7 million from $12 million, as $5 million was reclassified outside Phase 2 with uncertain timing.
Price
$100.41 −0.17% · −$0.17
Performance +35.4% 1Y
1Y: $74.14 on 17 Oct 2025 → $100.41. High $101.76 (20 Feb 2026), low $67.99 (20 Nov 2025).
- Previous close
- $100.58
- 52-week range
- $67.99 – $101.76
- One year
- +34.56%
Overview
- Symbol
- TTC
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
26 of 28 judged targets kept · 26 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS growth | mid-single-digit adjusted earnings per share growth | Jan 2026 | As a net result for the second quarter, we increased adjusted EPS 13% to $1.60. | Achieved |
| Adjusted diluted EPS | $4.35 to $4.50 | Oct 2025 | We are raising full year adjusted earnings per share to be in the range of $4.50 to $4.62, up from the prior range of $4.40 to $4.60. | Revised Up |
| Adjusted diluted EPS growth | up mid-single digits | Apr 2026 | As a result of these factors, we expect third quarter total company adjusted EPS up mid-single digits. | New |
Claimed
- Net sales increased 8.4% to $1.23 billion, with both professional and residential segments growing over 8%.
- Adjusted EPS grew to $1.33, driven by operational performance and share repurchases.
- Adjusted operating margin expanded by 30 basis points to 13.9%.
- Generated $425 million in free cash flow year-to-date, with a conversion rate of 128%.
- Raised full-year adjusted EPS guidance to $4.60-$4.65, reflecting strong Q3 outperformance and improved Q4 outlook.
Qualified
- Professional segment adjusted operating margin decreased by 40 basis points year-over-year due to product mix and higher manufacturing costs.
- Adjusted tax rate was 22.4%, higher than expected due to geographic mix of earnings, impacting EPS by $0.08.
- Full-year IEEPA refunds guidance reduced to $7 million from $12 million, as $5 million was reclassified outside Phase 2 with uncertain timing.
The full ledger
Open TORO CO’s full ledger
A free account opens 5 company ledgers a month. All 54 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q2 FY26) — Jun 4, 2026
The Toro Company Q2 FY26 — Strong Performance Driven by Professional Segment and Productivity Gains
Read the full callJan 2026 (Q1 FY26) — Mar 5, 2026
The Toro Company Q1 FY26 — Strong Snow Demand and Productivity Drive Sales and EPS Beat
Read the full callEvery analysed call
TORO earnings calls (TTC)
Financials
What the filings say
Net profit, year on year: +44% (quarter to jul 2026 against aug 2025).
| Line item | Oct 2024 | Jan 2025 | May 2025 | Aug 2025 | Oct 2025 | Jan 2026 | May 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,076 | 995 | 1,318 | 1,131 | 1,066 | 1,036 | 1,425 | 1,226 |
| Operating profit | 109 | 78 | 175 | 65 | 93 | 87 | 195 | 115 |
| Operating margin | 10.1% | 7.8% | 13.3% | 5.7% | 8.7% | 8.4% | 13.7% | 9.4% |
| Interest | 15 | 15 | 16 | 15 | 13 | 14 | 15 | 14 |
| Profit before tax | 109 | 66 | 169 | 58 | 85 | 87 | 183 | 107 |
| Tax rate | 17.8% | 20.1% | 18.9% | 7.4% | 14.1% | 21.9% | 20.7% | 28.0% |
| Net profit | 90 | 53 | 137 | 54 | 73 | 68 | 145 | 77 |
| EPS ($ per share) | — | 0.52 | 1.37 | 0.54 | — | 0.69 | 1.51 | 0.81 |
| Line item | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 106 | 107 | 108 | 105 | 104 | 104 | 102 | 98 |
| Reserves | 587 | 785 | 1,042 | 1,072 | 1,281 | 1,444 | 1,496 | 1,391 |
| Total liabilities | 902 | 1,471 | 1,738 | 1,785 | 2,204 | 2,133 | 2,031 | 1,986 |
| Fixed assets | 271 | 437 | 468 | 488 | 572 | 642 | 645 | 616 |
| Total assets | 1,571 | 2,331 | 2,853 | 2,936 | 3,556 | 3,644 | 3,583 | 3,439 |
| Line item | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 365 | 337 | 539 | 556 | 297 | 307 | 570 | 662 |
| Cash from investing | -128 | -773 | -216 | -128 | -548 | -158 | -60 | -77 |
| Cash from financing | -252 | 299 | 2 | -504 | 42 | -147 | -505 | -446 |
| Net cash flow | -21 | -137 | 328 | -74 | -217 | 5 | 6 | 142 |
| Capital expenditure | -90 | -93 | -78 | -104 | -143 | -149 | -103 | -84 |
| Free cash flow | 275 | 244 | 461 | 452 | 154 | 157 | 466 | 578 |
TTC revenue by segment
Professional grew from 76% to 82% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Professional | 76% | 77% | 77% | 82% | 79% | 78% | 76% | 81% | +6.2% |
| Residential | 23% | 22% | 23% | 17% | 14% | 20% | 22% | 17% | +8.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q3 FY2026 · share of revenue
- US 81%
- Non Us 19%
As TTC cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
80 filings between Nov 3, 2025 and Oct 12, 2026.
Open market
decisions to buy or sellPurchases
$14.4K
1 purchase by 1 insider
Sales
$14.19M
14 sales by 7 insiders
Compensation
not trading decisions- 16
- Award — granted as compensation
- 22
- Option exercise — converted options into shares
- 15
- Tax withheld — shares kept back by the company to cover tax
Also filed: 12 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Olson Richard M | — | $11.96M | Mar 10, 2026 |
| Svendsen Kurt D | — | $614.4K | Jun 23, 2026 |
| O'Rourke James Calvin | — | $492.1K | Mar 10, 2026 |
| Ellis Gary Lee | — | $455.0K | Jun 9, 2026 |
| JANEY GREGORY S | — | $334.1K | Mar 24, 2026 |
| MOELLER PETER D | — | $186.8K | Jun 11, 2026 |
| Funk Edric C | — | $149.2K | Sep 8, 2026 |
| Drake Angela C | $14.4K | — | Jun 16, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 12, 2026 | Young Grant VP, Golf, Grounds & Irrigation | Tax withheld | 533 | $51.5K |
| Oct 12, 2026 | Young Grant VP, Golf, Grounds & Irrigation | Option exercise | 1,160 | $0 |
| Sep 8, 2026 | Funk Edric C President & COO | Sale | 145 | $13.7K |
| Sep 2, 2026 | Funk Edric C President & COO | Option exercise | 6,248 | $619.4K |
| Sep 2, 2026 | Funk Edric C President & COO | Tax withheld | 2,849 | $282.5K |
| Jul 13, 2026 | Totsky Joanna M. VP, GC & Corp Secretary | Option exercise | 20 | $1.9K |
| Jul 13, 2026 | Totsky Joanna M. VP, GC & Corp Secretary | Tax withheld | 6 | $560 |
| Jun 26, 2026 | Funk Edric C President & COO | Sale | 280 | $27.4K |
| Jun 26, 2026 | Funk Edric C President & COO | Sale | 247 | $24.2K |
| Jun 26, 2026 | Funk Edric C President & COO | Sale | 856 | $83.9K |
| Jun 23, 2026 | Svendsen Kurt D VP, Technology | Sale | 6,600 | $614.4K |
| Jun 23, 2026 | Svendsen Kurt D VP, Technology | Option exercise | 6,600 | $373.2K |
| Jun 22, 2026 | Totsky Joanna M. VP, GC & Corp Secretary | Tax withheld | 2,168 | $199.9K |
| Jun 22, 2026 | Totsky Joanna M. VP, GC & Corp Secretary | Option exercise | 4,859 | $448.0K |
| Jun 16, 2026 | Drake Angela C VP & CFO | Purchase | 160 | $14.4K |
| Jun 11, 2026 | MOELLER PETER D Group VP, Undg, Spec Con & Inl | Sale | 480 | $44.9K |
| Jun 11, 2026 | MOELLER PETER D Group VP, Undg, Spec Con & Inl | Sale | 100 | $9.3K |
| Jun 11, 2026 | MOELLER PETER D Group VP, Undg, Spec Con & Inl | Sale | 100 | $9.3K |
| Jun 11, 2026 | MOELLER PETER D Group VP, Undg, Spec Con & Inl | Sale | 1,320 | $123.3K |
| Jun 11, 2026 | MOELLER PETER D Group VP, Undg, Spec Con & Inl | Option exercise | 2,000 | $113.1K |
| Jun 9, 2026 | Ellis Gary Lee Director | Sale | 4,951 | $455.0K |
| Jun 9, 2026 | Ellis Gary Lee Director | Option exercise | 4,951 | $233.5K |
| Apr 14, 2026 | Riley Lori VP, Human Resources | Option exercise | 14 | $1.4K |
| Apr 14, 2026 | Riley Lori VP, Human Resources | Tax withheld | 5 | $489 |
| Apr 1, 2026 | Riley Lori VP, Human Resources | Tax withheld | 1,745 | $163.1K |
| Apr 1, 2026 | Riley Lori VP, Human Resources | Option exercise | 3,494 | $326.7K |
| Mar 24, 2026 | JANEY GREGORY S Group VP, Landscapes & Contrac | Sale | 1,750 | $167.0K |
| Mar 24, 2026 | JANEY GREGORY S Group VP, Landscapes & Contrac | Option exercise | 1,750 | $98.9K |
| Mar 24, 2026 | JANEY GREGORY S Group VP, Landscapes & Contrac | Option exercise | 1,750 | $98.9K |
| Mar 24, 2026 | JANEY GREGORY S Group VP, Landscapes & Contrac | Sale | 1,750 | $167.1K |
| Mar 11, 2026 | KOCH D CHRISTIAN Director | Gift | 2,616 | $0 |
| Mar 11, 2026 | KOCH D CHRISTIAN Director | Gift | 2,616 | $0 |
| Mar 10, 2026 | Drake Angela C VP & CFO | Option exercise | 2,730 | $270.1K |
| Mar 10, 2026 | KOCH D CHRISTIAN Director | Tax withheld | 2,335 | $233.6K |
| Mar 10, 2026 | KOCH D CHRISTIAN Director | Option exercise | 4,951 | $233.5K |
| Mar 10, 2026 | O'Rourke James Calvin Director | Option exercise | 4,951 | $233.5K |
| Mar 10, 2026 | Drake Angela C VP & CFO | Tax withheld | 1,387 | $137.2K |
| Mar 10, 2026 | O'Rourke James Calvin Director | Sale | 4,951 | $492.1K |
| Mar 10, 2026 | Olson Richard M Chairman & CEO | Sale | 119,400 | $11.96M |
| Mar 10, 2026 | Olson Richard M Chairman & CEO | Option exercise | 119,400 | $6.75M |
| Mar 2, 2026 | Svendsen Kurt D VP, Technology | Tax withheld | 173 | $17.4K |
| Mar 2, 2026 | Svendsen Kurt D VP, Technology | Option exercise | 476 | $47.7K |
| Mar 2, 2026 | MOELLER PETER D Group VP, Undg, Spec Con & Inl | Tax withheld | 291 | $29.2K |
| Mar 2, 2026 | MOELLER PETER D Group VP, Undg, Spec Con & Inl | Option exercise | 951 | $95.4K |
| Dec 23, 2025 | MOELLER PETER D Group VP, Undg, Spec Con & Inl | Gift | 600 | $0 |
| Dec 23, 2025 | MOELLER PETER D Group VP, Undg, Spec Con & Inl | Gift | 600 | $0 |
| Dec 17, 2025 | Svendsen Kurt D VP, Technology | Award | 421 | $0 |
| Dec 17, 2025 | JANEY GREGORY S Group VP, Landscapes & Contrac | Award | 732 | $0 |
| Dec 17, 2025 | Funk Edric C President & COO | Award | 621 | $0 |
| Dec 17, 2025 | Young Grant VP, Golf, Grounds & Irrigation | Award | 266 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for TORO CO
Free account. Everything above stays public.
Write why you follow TORO CO and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading