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The Toro Company reports strong Q2 results, raises FY Guidance
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The Toro Company reports strong Q2 results, raises FY Guidance

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The Toro Company (NYSE:TTC) reported strong financial results for its fiscal second quarter ended May 1, 2026, as the company benefited from sustained demand across its professional and residential segments during the critical spring selling season.

The Bloomington, Minnesota-based provider of outdoor environment solutions achieved net sales of $1.42 billion, an 8.1% increase compared to the same period in the prior year.

Profitability metrics also saw significant improvement, with reported earnings per share (EPS) rising 9.5% year-over-year to $1.50.

On an adjusted basis, EPS reached $1.60, representing a 12.7% increase from the second quarter of 2025.

The company’s financial performance was bolstered by disciplined operational execution and margin improvement initiatives, which helped offset ongoing macroeconomic headwinds, including inflationary pressures and geopolitical volatility.

Reflecting confidence in the business, The Toro Company returned $228 million to shareholders during the quarter through a combination of regular dividends and share repurchases.

The company’s management signaled continued optimism for the remainder of the fiscal year, citing strong performance in key end markets such as underground construction, landscape contracting, and golf course maintenance.

Based on these results, Toro raised its full-year fiscal 2026 outlook.

The company now expects total net sales growth in the range of 4% to 6.5%, up from its previous guidance, and anticipates adjusted EPS in the range of $4.50 to $4.62.

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