The Toro Company Earnings Recaps
Q1 2026
Mar 5, 2026
The Toro Company reported strong first quarter results for 2026, with consolidated net sales increasing by 4.2% to $1.04 billion and adjusted earnings per share reaching $0.74, surpassing expectations.
Key takeaways
- Net sales growth driven by strong demand for snow and ice products in both Professional ($824 million) and Residential ($216 million) segments.
- Adjusted EPS increased to $0.74, up from $0.65 year-over-year, attributed to operational efficiencies and productivity improvements.
- Positive free cash flow of $14.6 million and a 22% free cash flow conversion rate, highlighting robust financial discipline and shareholder value return.
- Acquisition of Tornado Infrastructure Equipment expands growth opportunities in hydrovac excavation solutions and aligns with strategic initiatives.
- Continued implementation of AMP program contributing $95 million in cost savings, supporting profit margin preservation amidst rising costs.
Q4 2025
Dec 17, 2025
The Toro Company reported stronger-than-expected fourth quarter earnings, driven by impressive sales and improved margins, while achieving record free cash flow and reaffirming growth strategies for 2026.
Key takeaways
- Fourth quarter consolidated net sales reached $1.07 billion, reflecting solid performance in the underground construction and snow management sectors.
- Full-year adjusted EPS rose to $4.20, outperforming both the company's guidance and the previous year, despite a 1.6% decline in total sales primarily due to strategic divestitures.
- The company generated a record free cash flow of $578 million with a conversion rate of 146%, demonstrating strong operational efficiency.
- Toro is increasing its Amplifying Maximum Productivity program savings target to $125 million by 2026, up from the previous target of $100 million.
- Recent acquisition of Tornado Infrastructure Equipment is expected to enhance Toro's service capabilities in complex infrastructure projects while expanding its geographic presence.