Toro raises fiscal 2026 guidance after first-quarter net sales rise 4% to $1.04 billion
Toro reported first-quarter fiscal 2026 net sales of $1.04 billion, up 4% from a year earlier, and reported EPS of $0.69 versus $0.52, with adjusted EPS up 14% to $0.74. The company raised its full-year net sales growth guidance to 3% to 6.5% and adjusted EPS guidance to $4.40 to $4.60, while the Residential segment's sales and earnings declined.
- Net sales rose 4% to $1.04 billion; Professional up 7.2% to $824.0 million, Residential down 6.8% to $206.0 million
- Reported diluted EPS was $0.69 versus $0.52; adjusted EPS was $0.74 versus $0.65
- Full-year adjusted EPS guidance raised to $4.40 to $4.60 from $4.35 to $4.50
- Company returned $133 million to shareholders in the quarter, including $94.9 million of stock repurchases and $38.3 million of dividends