TTC
The Toro Company72.65
-0.83-1.13%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Reaffirms beat, flags intl softness
Q&A largely reaffirmed prepared remarks on Q1's sales beat and raised FY26 guidance, pinpointing snow/ice as the largest growth driver alongside ~5% organic Professional sales excluding Tornado's 1-2% contribution. International softness broadly offset some upside, yet healthy field inventories and snow-landscape contractor overlap signal H2 strength. Autonomous golf mowers gain traction amid labor shortages; Golf/Grounds outlook brightened versus last quarter. M&A process continues with valuations easing slightly. Confident tone persists; watch international rebound.
Key Stats
Market Cap
7.17BP/E (TTM)
22.08Basic EPS (TTM)
3.29Dividend Yield
0.02%Recent Filings
8-K
Q1 beat, guidance raised
The Toro Company reported Q1 fiscal 2026 net sales up 4% to $1.04 billion, beating expectations on snow demand and Professional segment strength, while Residential dipped. Adjusted EPS rose 14% to $0.74. Raised full-year guidance to 3-6.5% sales growth and $4.40-$4.60 adjusted EPS. Tornado acquisition bolsters Underground Construction.
10-Q
Q1 FY2026 results
Toro kicked off fiscal 2026 with net sales up 4.2% y/y to $1,036.3M, driven by Professional segment strength (+7.2% to $824.0M) while Residential dipped 6.8%; operating earnings climbed 12.0% to $87.1M with gross margin at 32.5% versus 33.7%, diluted EPS held steady at $0.69 on fewer shares (98.3M diluted, consistent). Tornado acquisition closed Dec 2025 for $210.3M cash, adding $137.6M goodwill and $63.8M intangibles to Professional, contributing $19.0M sales. Cash fell to $189.0M after the deal, offset by $26.1M operating cash flow; free cash flow was $14.6M (operating cash minus $11.5M capex). Debt steady at $1,071.7M with $747.9M revolver availability. Share repurchases trimmed shares outstanding. Competition remains a persistent drag.
10-K
FY2025 results
Toro's FY2025 net sales dipped 1.6% to $4.51B, with Professional up 1.9% to $3.62B on golf/grounds and underground strength, yet Residential plunged 14.0% to $858M from weak demand. Q4 momentum shone in Professional via higher shipments and 19.4% EBIT margin (up from 18.0%), fueled by pricing and productivity, while Residential margins shrank to 4.2%. Gross margin slipped to 33.4% on costs and inventory tweaks, but AMP delivered $78.5M savings. Strong liquidity at $1.24B funded $441M returns via dividends (up 5.6%) and buybacks. Weather volatility threatens quarterly demand.
8-K
Toro beats FY25 EPS, records FCF
The Toro Company reported fiscal 2025 results on December 17, 2025, with full-year net sales at $4.51 billion, down 2% from prior year due to divestitures, yet adjusted diluted EPS hit $4.20, topping expectations via Professional segment's 19.4% earnings margin. Record free cash flow reached $578 million from working capital gains; returned $441 million to shareholders. Cash flow crushed it. AMP savings target rose to $125 million by 2027; fiscal 2026 guides 2-5% sales growth and $4.35-$4.50 adjusted EPS.
8-K
Toro closes Tornado deal
The Toro Company completed its acquisition of Tornado Infrastructure Equipment Ltd. on December 8, 2025, for CAD $279 million, adding vacuum truck manufacturing to its underground construction lineup. Tornado posted CAD $161 million in trailing 12-month net sales through September 30, 2025. Deal funds EPS neutrality in year one, yet targets $3 million USD annual cost synergies over three years. Integration risks loom.
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