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Broke on Oct 23, 2026 · measured target $116.89 (+11%). Details →
Sep 21, 4:12 PM ET
The Toro Company increased its board from ten to eleven members and elected David W. Huml, president and chief executive officer of Tennant Company, as a director effective immediately. Huml also joins the Audit Committee and Finance Committee, and will serve in the class of directors with a term expiring at the 2027 annual meeting. The appointment is a board change rather than a change in operations or financial results.
- Board size increased from ten to eleven directors on September 21, 2026
- David W. Huml, president and CEO of Tennant Company, elected to the Board and to the Audit and Finance Committees
- Huml will receive customary non-employee director compensation, as described in the proxy statement for the March 17, 2026 annual meeting
- Filing states no arrangements or reportable related-person transactions involving Huml
Read the filing on SEC.gov ↗
Sep 3, 8:44 AM ET
Toro reported fiscal third-quarter 2026 results for the period ended July 31, 2026, with net sales up 8.4% to $1.23 billion and GAAP diluted EPS of $0.81, up from $0.54. The company raised its full-year net sales growth and adjusted EPS guidance, which matters to shareholders because it signals higher expected results for fiscal 2026.
- Third-quarter net sales were $1.23 billion, up 8.4% year over year; GAAP diluted EPS was $0.81 versus $0.54, and adjusted diluted EPS was $1.33 versus $1.24.
- Full-year fiscal 2026 net sales growth guidance was raised to 6.3% to 6.6%, from 4.0% to 6.5%.
- Full-year adjusted EPS guidance was raised to $4.60 to $4.65, from $4.50 to $4.62.
- Toro returned $110 million to shareholders in the quarter, bringing the year-to-date total to $471 million.
Read the filing on SEC.gov ↗
Jul 22, 5:22 PM ET
The Toro Company said its board elected President and Chief Operating Officer Edric C. Funk as president and chief executive officer, effective November 1, 2026, as part of a planned succession. Richard M. Olson, CEO since November 2016, will become executive chairman on the same date, and Funk joined the board immediately.
- Funk was elected by the board on July 21, 2026, joined the company in 1996, and has been president and COO since September 2025.
- Funk's annual base salary rises from $715,000 to $1,000,000 effective November 1, 2026, with a fiscal 2027 cash incentive target of 120% of base salary.
- Olson's base salary will be $763,000 as executive chairman, with a fiscal 2027 cash incentive target of 130% of base salary, effective November 1, 2026.
- The board increased its size from nine to ten directors to seat Funk, whose term ends at the 2027 annual meeting.
Read the filing on SEC.gov ↗
Jun 4, 8:33 AM ET
Toro reported fiscal second-quarter 2026 results, with net sales up 8.1% to $1.42 billion and diluted EPS up 9.5% to $1.50 (adjusted EPS up 12.7% to $1.60). The company raised its full-year adjusted EPS guidance to $4.50 to $4.62 from $4.40 to $4.60, and raised its net sales growth range to 4.0% to 6.5% from 3.0% to 6.5%.
- Q2 net sales rose 8.1% year over year to $1.42 billion; Professional segment sales rose 9.1% to $1.11 billion.
- Diluted EPS was $1.50, up from $1.37; adjusted diluted EPS was $1.60, up from $1.42.
- Full-year fiscal 2026 adjusted EPS guidance was raised to $4.50 to $4.62, from $4.40 to $4.60.
- Company returned $228 million to shareholders through dividends and share repurchases in the quarter, and reported free cash flow of $265.5 million for the first six months.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.