The Toro Company (TTC) VP, Golf, Grounds & Irrigation Grant Young reported converting 1,160.434 restricted stock units into common shares on October 12, 2026; 2,320.866 restricted stock units remained afterward. He also reported 533 common shares delivered or withheld for payment of exercise price or tax liability, at a reported $96.65 per share. His reported positions included 2,543.793 performance share units directly and 2,584.866 common shares indirectly through The Toro Company Retirement Plan.
TORO CO (TTC) reported that David W. Huml, a director of the company, has filed an initial statement of beneficial ownership on Form 3. The filing lists no reportable transactions and no specific equity or derivative holdings at this time.
The Toro Company (TTC) expanded its Board of Directors and added a new independent member. On September 21, 2026, the Board increased its size from ten to eleven directors and elected David W. Huml, president and chief executive officer of Tennant Company, to serve as a non-employee director in the class with a term expiring at the 2027 annual meeting of stockholders. He also joins the Board’s Audit Committee and Finance Committee, effective immediately.
Huml will receive customary non-employee director compensation under Toro’s existing plans, and the company states there are no related-party transactions requiring disclosure. Toro highlights his leadership background in global marketing, operations, product management, robotics and smart-connected technologies. The company reports net sales of $4.5 billion in fiscal 2025 and a presence in more than 125 countries.
TORO CO (TTC) director and President & COO Edric C. Funk reported selling 145 shares of common stock on September 8, 2026 at $94.36 per share in an open-market or private transaction, leaving 3,253.539 shares of common stock held directly afterward.
He also reports 6,353.851 shares of common stock held indirectly through The Toro Company Retirement Plan, plus performance and restricted stock units representing additional contingent rights to receive common stock, including units linked to 12,496.096 and 5,591.398 underlying shares that vest in three annual installments. No Rule 10b5‑1 trading plan is indicated.
TORO CO (TTC) received a Rule 144 notice indicating that officer Edric C. Funk plans to sell 145 shares of common stock, held at Fidelity Brokerage Services LLC and listed on the NYSE. These shares arose from restricted stock vesting on September 2, 2026 as compensation from the issuer.
During the prior three months, Edric C. Funk previously sold 1,384 shares of Toro common stock on June 26, 2026 for an aggregate consideration of $135,543.16. The current notice is signed on Funk’s behalf by Fidelity Brokerage Services LLC as attorney-in-fact.
TORO CO (TTC) reports that President & COO Edric C. Funk exercised 6,247.539 restricted stock units into the same number of shares of common stock on September 2, 2026 at a reported value of $99.15 per share. Of these, 2,849 shares were delivered or withheld for payment of exercise price or tax liability. He continues to hold equity awards and shares, including 5,591.398 restricted stock units, 2,123.859 performance share units, and 6,349.18 shares held indirectly through The Toro Company Retirement Plan. No Rule 10b5-1 trading plan is reported.
TORO CO (TTC) reported higher sales and profitability for the quarter and nine months ended July 31, 2026. Net sales were $1,225.8 million for the quarter and $3,686.8 million year-to-date, up from $1,131.3 million and $3,444.2 million in the prior-year periods.
Quarterly net earnings rose to $77.0 million (diluted EPS $0.81) from $53.5 million ($0.54), while nine‑month net earnings increased to $290.3 million (diluted EPS $2.99) from $243.1 million ($2.42). Operating cash flow strengthened to $476.2 million year‑to‑date. Toro completed the $210.3 million acquisition of Tornado Infrastructure Equipment, adding $127.3 million of goodwill and $77.7 million of intangibles to the Professional segment. The company also recorded $43.1 million of non‑cash impairment charges in 2026 and executed substantial capital returns, including $358.1 million in share repurchases and $112.8 million in dividends, ending the period with cash of $175.3 million and total debt of $962.0 million.
The Toro Company (TTC) reported record fiscal third-quarter 2026 results with solid growth and stronger profitability. Net sales for the quarter ended July 31, 2026 were $1.23 billion, up 8.4% year-over-year. Reported net earnings rose to $77.0 million from $53.5 million, and reported diluted EPS increased 50.0% to $0.81. On a non-GAAP basis, adjusted net earnings were $126.8 million and adjusted EPS were $1.33, up 7.3% from $1.24.
The Professional segment remained the main growth driver, with net sales of $1,012.6 million (up 8.8%) and segment earnings of $211.8 million, though margin ticked down to 20.9%. Residential segment sales grew 8.6% to $209.3 million, and segment margin expanded sharply to 5.9%. Company gross margin improved to 34.1%, and adjusted operating margin reached 13.9%.
For the nine months, net sales were $3.69 billion (up 7.0%) and net earnings were $290.3 million. Operating cash flow was $476.2 million, supporting free cash flow of $425.1 million and free cash flow conversion of 127.5%. The company raised full-year guidance to net sales growth of 6.3%–6.6% and adjusted EPS of $4.60–$4.65 and returned $471 million to shareholders year-to-date via dividends and share repurchases.
The Toro Company announced a planned leadership transition, electing Edric C. Funk as President and Chief Executive Officer effective November 1, 2026, and immediately appointing him to the board of directors. The board size was increased from nine to ten directors to accommodate his election, and he will serve in the director class with a term ending at the 2027 annual meeting.
Current Chairman and CEO Richard M. Olson will become Executive Chairman on November 1, 2026, after serving as CEO since 2016 and more than four decades with the company. In connection with the transition, Funk’s annual base salary will rise to $1,000,000 with a fiscal 2027 annual cash incentive target of 120% of base salary, while Olson’s base salary as Executive Chairman will be $763,000 with a 130% incentive target. The company highlighted Olson’s tenure, during which it states it has doubled revenue, expanded into infrastructure markets through acquisitions and invested in electrification, smart connectivity and robotic solutions, and noted fiscal 2025 net sales of $4.5 billion.
Toro Co executive Joanna M. Totsky, VP, GC & Corporate Secretary, converted 20.3050 restricted stock units into common stock on 2026-07-13 at $93.3300 per share. 6.0000 shares were withheld to satisfy tax obligations, leaving 7734.2910 common shares held directly.
She also reports 2725.1250 restricted stock units outstanding, each representing a right to receive one share of Toro common stock. Footnotes state that restricted stock units and related dividend equivalents vest in three equal annual installments commencing on the first anniversaries of June 20, 2023 and December 22, 2025 grant dates. In addition, 1.0400 shares are held indirectly through The Toro Company Retirement Plan, including 0.0040 shares acquired via its dividend reinvestment feature.