Every 8-K that Toro Company (The) (TTC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow TTC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TTC filings page.
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.
The Toro Company reported strong fiscal second-quarter results with broad-based growth and higher profitability. Net sales rose 8.1% year-over-year to $1.42 billion, while diluted EPS increased to $1.50 from $1.37. Adjusted diluted EPS grew 12.7% to $1.60, reflecting margin expansion and operational improvements.
Professional segment sales grew 9.1% to $1.11 billion and Residential segment sales rose 4.4% to $310.4 million, with both segments posting higher margins. For the six-month period, free cash flow reached $265.5 million, more than tripling the prior year.
Given this performance, Toro raised its full-year outlook and now expects fiscal 2026 net sales growth of 4.0%–6.5% and adjusted EPS of $4.50–$4.62. Management highlighted resilient demand despite macroeconomic and inflationary headwinds.
The Toro Company reported results of its 2026 Annual Meeting and key governance changes. Stockholders approved the 2026 Equity Plan, which authorizes up to 3,650,000 shares of common stock for equity awards, plus additional shares carried over from the prior 2022 plan. The plan is effective through March 17, 2036 and supports options, restricted stock, restricted stock units, performance shares, and other stock-based awards.
The Board also adopted a new 2026 Annual Incentive Plan providing annual cash incentives tied to short‑term performance goals. Stockholders approved amendments to the Restated Certificate of Incorporation to eliminate or limit officer liability as allowed under Delaware law and to reduce the par value of all capital stock from $1.00 to $0.01 per share. All director nominees were elected, KPMG was ratified as auditor, executive compensation received advisory approval, and all governance proposals passed by the required votes.
The Toro Company reported a strong start to fiscal 2026, with first-quarter net sales of $1,036.3 million, up 4% year over year, and net earnings of $67.9 million, up 29%. Diluted EPS rose to $0.69 from $0.52, while adjusted EPS increased 14% to $0.74.
The Professional segment led growth, with net sales up 7.2% to $824.0 million and slightly higher margins, driven by snow and ice products, underground construction, and the Tornado Infrastructure Equipment acquisition. Residential segment sales fell 6.8% to $206.0 million, pressured by weaker lawn care demand.
Operating margin improved to 8.4%, and adjusted operating margin to 9.8%, helped by cost savings and lower SG&A as a percentage of sales. Free cash flow turned positive at $14.6 million, and the company returned $133 million to shareholders through buybacks and dividends. Management raised full-year guidance to net sales growth of 3%–6.5% and adjusted EPS of $4.40–$4.60, citing continued strength in professional markets and contributions from Tornado.
The Toro Company filed an amended current report to update how it classifies its disclosure about completing the acquisition of Tornado Infrastructure Equipment Ltd. and to describe a new stock repurchase program. Toro completed the purchase of all Tornado shares for CAD $1.92 per share, valuing Tornado at a fully diluted equity value of $279 million (CAD), funded with cash on hand, borrowings under Toro’s unsecured senior revolving credit facility, and additional financial arrangements. The filing also notes that Tornado, based in Calgary, manufactures vacuum trucks and industrial equipment for underground construction, power transmission and energy markets. In addition, Toro’s board authorized a new stock repurchase program for up to an additional 6,000,000 shares of common stock, with no expiration date, bringing total repurchase authorization to 10,391,790 shares as of December 9, 2025.
The Toro Company disclosed that it has announced its financial results for the three- and twelve-month periods ended October 31, 2025. These results cover both the most recent quarter and the full year ending on that date.
The detailed numbers and commentary are provided in a separate press release dated December 17, 2025, which is furnished as Exhibit 99.1. The company notes that this financial information is being furnished under Item 2.02 of the Exchange Act and is not deemed to be “filed” for liability purposes or automatically incorporated into other securities law filings.
The Toro Company completed its previously announced acquisition of Tornado Infrastructure Equipment Ltd. on December 8, 2025. Toro bought all outstanding Tornado shares for CAD $1.92 per share, representing a total fully diluted equity value of $279 million (CAD), using cash on hand, borrowings under its unsecured senior revolving credit facility, and additional financing arrangements. Tornado, based in Calgary, manufactures vacuum trucks and industrial equipment for underground construction, power transmission and energy markets.
On December 9, 2025, Toro’s board authorized a new stock repurchase program for up to an additional 6,000,000 shares of its common stock, through open‑market or privately negotiated transactions. This new authorization has no expiration date and may be suspended, resumed or terminated at any time, bringing Toro’s total share repurchase authorization to 10,391,790 shares of common stock as of December 9, 2025.
The Toro Company reported that it has signed an Arrangement Agreement to acquire Tornado Infrastructure Equipment Ltd., a Canadian manufacturer of vacuum trucks and industrial equipment for underground construction, power transmission and energy markets. Toro will purchase all outstanding Tornado common shares for CAD $1.92 per share, representing a fully diluted equity value of CAD $279 million, and Tornado will become a wholly owned subsidiary of a Toro subsidiary.
The transaction is expected to close during Toro’s fiscal 2026 first quarter, subject to approval by Tornado shareholders, required antitrust and other regulatory approvals, and customary closing conditions, including accuracy of representations and warranties. The deal is not subject to a financing condition, and Toro plans to fund the purchase with cash on hand, borrowings under its unsecured senior revolving credit facility, and/or other additional financing arrangements.
The Toro Company entered into a note purchase agreement and issued $200 million of 5.27% Senior Notes due September 30, 2032 in a private placement. The company plans to use the proceeds primarily to fully repay the entire $200 million outstanding under its April 27, 2022 term loan credit agreement, with the remainder available for general corporate purposes.
The new notes are senior, unsecured obligations with interest payable semiannually on March 30 and September 30, beginning March 30, 2026. Toro can prepay the notes at 100% of principal plus a make-whole premium and accrued interest, and during the 90 days before maturity may prepay without a make-whole premium. If certain change of control events occur, holders can require Toro to repurchase their notes at 100% of principal plus accrued interest.
The note purchase agreement includes customary covenants, such as limits on affiliate transactions, mergers, asset sales, liens and subsidiary debt, along with a maximum leverage ratio and a most favored lender covenant tied to other material credit facilities. It also provides for standard events of default. The notes were issued under Section 4(a)(2) of the Securities Act and are not registered, so they may only be offered or sold under applicable exemptions.
The Toro Company reported that Amy Dahl, its Vice President, International, has notified the company she will be leaving effective September 30, 2025 to pursue other interests. The company states that her departure is not due to any disagreement regarding its operations, policies, or practices, indicating this is described as a voluntary transition rather than a conflict-driven exit.
The Toro Company furnished an update on its financial performance by announcing results for the three- and nine-month periods ended August 1, 2025. The company released these figures through a press release dated September 4, 2025, which is attached as Exhibit 99.1. The disclosure is provided under an informational item and is described as furnished rather than filed, meaning it is not automatically subject to certain liability provisions or incorporated into other securities filings unless specifically referenced.