Toro Posts Earnings Beat, Raises FY 2026 Guidance

The lawn and garden equipment manufacturer exceeded Q1 earnings expectations and increased its full-year outlook.

Published on Mar. 5, 2026

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Toro (NYSE:TTC), a leading manufacturer of lawn mowers, utility vehicles, and other outdoor equipment, reported its first-quarter earnings results on Thursday. The company posted earnings per share of $0.74, surpassing the consensus estimate of $0.65 by $0.09. Toro's revenue for the quarter came in at $1.04 billion, up 4.2% year-over-year and above the expected $1 billion. The company also raised its full-year fiscal 2026 earnings guidance to a range of $4.40 to $4.60 per share.

Why it matters

Toro's strong quarterly performance and improved outlook reflect continued demand for its products, particularly as consumers and businesses focus on maintaining and upgrading their outdoor spaces. The company's ability to exceed expectations and raise guidance suggests it is effectively navigating supply chain challenges and inflationary pressures impacting the broader industry.

The details

In the first quarter, Toro reported a net margin of 7.01% and a return on equity of 28.90%. The company cited increased sales across its residential and professional segments as driving the revenue growth. Toro also noted that it has been able to pass along price increases to customers to help offset rising costs.

  • Toro reported its Q1 2026 earnings results on Thursday, March 5, 2026.
  • The company's previous quarterly dividend of $0.38 per share was paid on Monday, January 12, 2026.

The players

Toro

A leading manufacturer of lawn mowers, utility vehicles, and other outdoor equipment, headquartered in Bloomington, Minnesota.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Toro's ability to exceed earnings expectations and raise its full-year guidance demonstrates the company's resilience in the face of macroeconomic challenges. The strong performance underscores the continued consumer and commercial demand for outdoor equipment, which could bode well for Toro's future growth prospects.