The Toro Company reports news around its outdoor-environment equipment portfolio, including turf and landscape maintenance, snow and ice management, underground construction, rental and specialty construction, irrigation, and outdoor lighting solutions.
Recurring updates for TTC cover Professional and Residential segment results, dividend and share-repurchase actions, product and brand portfolio developments, and completed acquisitions such as Tornado Infrastructure Equipment. Company announcements also address customer markets that include golf courses, sports fields, construction sites, public green spaces, commercial and residential properties, and agricultural operations.
The Toro Company (TTC) appointed Neal M. Lackritz vice president and chief technology officer, effective November 2, 2026.
In the newly created role, he will lead enterprise technology strategy and oversee global engineering and the Center for Technology, Research and Innovation. His responsibilities include commercializing autonomous, alternative power and connected solutions. Toro expects the structure to align technology priorities and investments across its portfolio.
The Toro Company (TTC) declared a regular quarterly cash dividend of $0.39 per share on its common stock.
The dividend is scheduled to be paid on October 20, 2026 to shareholders who are on record as of the close of business on October 6, 2026.
The Toro Company (TTC) has elected David Huml, president and chief executive officer of Tennant Company (TNC), to its Board of Directors, effective immediately.
Huml has spent 12 years at Tennant in roles including chief operating officer, senior vice president for APAC and EMEA, and senior vice president of global marketing. He previously held executive leadership positions at Pentair and holds a BA from Wittenberg University and an MBA from the University of Minnesota’s Carlson School of Management.
The Toro Company (TTC) announced that President and Chief Operating Officer Edric Funk will participate in a fireside chat at the D.A. Davidson 25th Annual Diversified Industrials & Services Conference at 10:30 a.m. ET on Friday, September 25, 2026.
A live webcast and replay of the event will be available through the company’s website at www.thetorocompany.com/news-events/events.
The Toro Company (TTC) reported record fiscal third-quarter 2026 results, with net sales of $1.23 billion, up 8.4% year-over-year, and reported diluted EPS of $0.81, up 50.0%.
Adjusted diluted EPS increased 7.3% to $1.33, while net earnings rose 43.9% to $77.0 million on a reported basis and 3.5% to $126.8 million on an adjusted basis. Professional segment net sales grew 8.8% to $1,012.6 million and Residential segment net sales rose 8.6% to $209.3 million, with Residential segment margin expanding from 1.9% to 5.9%.
Gross margin improved to 34.1%, adjusted gross margin to 35.0%, and adjusted operating margin to 13.9%. The company returned $110 million to shareholders in the quarter, $471 million year-to-date, and raised full-year net sales growth guidance to 6.3%-6.6% and adjusted EPS guidance to $4.60-$4.65.
The Toro Company (NYSE:TTC) announced it will release its fiscal 2026 third quarter results on Thursday, September 3, at approximately 7:30 a.m. CT. The full earnings release and related materials will be available at the company’s investor website.
An earnings conference call is scheduled for 10:00 a.m. CT the same day, with a live listen-only webcast and replay accessible via www.thetorocompany.com/invest. Visitors are encouraged to register and install any required audio software in advance.
The Toro Company (NYSE:TTC) announced a planned leadership succession. On July 21, 2026, the board elected president and chief operating officer Edric C. Funk to become president and chief executive officer, effective November 1, 2026, and to join the board immediately.
Funk, a 30-year company veteran, will succeed Richard M. Olson, who will transition to executive chairman after serving as CEO since 2016. According to The Toro Company, Olson’s tenure as CEO has seen revenue double, expansion into infrastructure markets via acquisitions such as Charles Machine Works, and increased investment in electrification, smart connectivity and robotic solutions.
Summary not available.
The Toro Company (NYSE:TTC) reported fiscal Q2 2026 results that exceeded expectations and raised full-year guidance. Net sales rose 8.1% year-over-year to $1.42 billion. Reported diluted EPS increased 9.5% to $1.50, and adjusted EPS grew 12.7% to $1.60.
Professional segment sales grew 9.1%, residential 4.4%. Gross margin improved to 33.9%, with adjusted gross margin at 34.5%. Operating margin also expanded. The company returned $228 million to shareholders through dividends and share repurchases and now expects full-year net sales growth of 4.0%–6.5% and adjusted EPS of $4.50–$4.62.
The Toro Company (NYSE:TTC) will release its fiscal 2026 second quarter results on Thursday, June 4 at approximately 7:30 a.m. CT. The earnings release and a live, listen-only webcast of the 10 a.m. CT conference call will be available on the company’s investor website.