Toro beats Q1 sales, adjusted profit expectations, lifts annual sales forecast

Toro Co

05/03/2026 13:42

Overview

Outdoor solutions provider's fiscal Q1 net sales rose 4%, beating analyst expectations

Adjusted EPS for fiscal Q1 rose 14% yr/yr, beating analyst expectations

Company raised full-year guidance for net sales and EPS

Outlook

Toro raises full-year net sales growth guidance to 3%-6.5%

Toro expects full-year adjusted EPS between $4.40 and $4.60

Company sees strong demand in underground construction and professional landscape businesses

Result Drivers

PROFESSIONAL SEGMENT GROWTH - Driven by price realization, increased shipments of snow, ice, and underground construction products, and the Tornado acquisition

RESIDENTIAL SEGMENT DECLINE - Lower shipments of lawn care products offset by higher snow and ice product shipments

OPERATIONAL EFFICIENCY - Improvements in operational efficiency and working capital helped outperform typical cash flow generation

Company press release: ID:nBwzf61Ba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$1.04 bln
$1 bln (5 Analysts)
Q1 Adjusted EPS
Beat
$0.74
$0.65 (5 Analysts)
Q1 EPS
$0.69
Q1 Adjusted Net Income
$72.6 mln
Q1 Net Income
$67.9 mln
Q1 Gross Margin
32.5%
Q1 Gross Profit
$336.5 mln
Q1 Operating earnings
$87.1 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

Wall Street's median 12-month price target for Toro Co is $97.00, about 3.7% below its March 4 closing price of $100.73

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)