Welcome to our dedicated page for Toro SEC filings (Ticker: TTC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Toro Company filings document operating results, governance actions, capital structure, and material events for an outdoor-environment equipment manufacturer with Professional and Residential segments.
Recent disclosures include 8-K reports furnished with quarterly and annual results, proxy materials covering executive compensation and stockholder voting matters, stockholder-approved equity plan matters, and charter amendments affecting security-holder rights. The filing record also includes material agreements such as senior unsecured notes and related covenants, along with dividend, share-repurchase, and other governance disclosures.
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.
Toro Co director D. Christian Koch reported routine equity compensation activity and gifts of company stock. On March 10, 2026, he exercised a non-qualified stock option for 4,951 shares of Toro common stock at an exercise price of $47.17 per share, converting an option granted in November 2016 into shares. On the same date, 2,335 shares were withheld at $100.04 per share to cover the exercise price or related tax obligations, leaving 2,616 shares held directly. On March 11, 2026, Koch made two bona fide gifts totaling 5,232 shares of Toro common stock, including a transfer that resulted in 18,191 shares being held indirectly through the Dale Christian Koch Trust. Following these transactions, his direct holdings reported in this filing were reduced to zero, with continued indirect ownership through the trust.
The Toro Company VP & CFO Angela C. Drake exercised restricted stock units and adjusted her shareholdings. On March 10, 2026, she converted 2,730.443 restricted stock units into the same number of common shares at an exercise price of $0.0000, with the common stock valued at $98.93 per share.
To cover tax obligations, 1,387 common shares were disposed of via share withholding, not an open-market sale. After these transactions, she directly holds 9,410.928 common shares and indirectly holds 482.276 shares through The Toro Company Retirement Plan. She also retains 4,159 restricted stock units and 758.09 performance share units for potential future settlement.
The Toro Company Chairman & CEO Richard M. Olson exercised options for 119,400 shares of common stock at $56.54 per share and on the same day sold 119,400 shares in open-market transactions at a weighted average price of about $100.148 per share, within a range of $100.00 to $100.69. Following these transactions, he directly holds 38,186.461 shares of common stock and indirectly holds 17,806.553 shares through The Toro Company Retirement Plan. He also holds 16,916 restricted stock units, each representing a right to receive one share of common stock, and 170,892.685 performance share units, giving him substantial remaining equity exposure to Toro.
TORO CO director James Calvin O'Rourke reported an option exercise and related share sale. He exercised a non-qualified stock option for 4,951 shares of common stock at an exercise price of $47.17 per share and received 4,951 shares of common stock.
On the same date, he sold 4,951 shares of common stock in an open-market transaction at $99.40 per share, effectively converting the option position into cash. After these transactions and related holdings updates, he directly owned 16,252 shares of TORO CO common stock in a brokerage account.
The Toro Company reported higher quarterly results while closing a sizable acquisition. For the three months ended January 30, 2026, net sales reached $1,036.3 million, up from $995.0 million a year earlier. Net earnings were $67.9 million versus $52.8 million, with diluted earnings per share increasing to $0.69 from $0.52.
Professional segment net sales rose to $824.0 million and EBIT to $137.6 million, while Residential segment net sales declined to $206.0 million and EBIT to $13.2 million. Operating cash flow improved to $26.1 million from a use of $48.6 million in the prior-year quarter.
The company completed the acquisition of Tornado Infrastructure Equipment Ltd. on December 8, 2025 for cash consideration of $210.3 million, funded through its revolving credit facility. The deal added preliminary goodwill of $137.6 million and other intangible assets of $63.8 million, and contributed $19.0 million of net sales in the quarter. Total debt rose to $1,071.7 million, while cash and cash equivalents ended the quarter at $189.0 million.
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 executive Kurt D. Svendsen reported several equity-related transactions. On March 2, 2026, he exercised 475.959 restricted stock units, receiving the same number of common shares at $100.29 per share. In a related tax-withholding move, 173 common shares were disposed of at $100.29 to cover obligations. After these transactions, he held 12,117.985 common shares directly, plus 11,530.375 common shares indirectly through The Toro Company Retirement Plan, along with 1,178 restricted stock units and 6,379.722 performance share units.