Toro Co. Boosts FY26 Outlook - Update

Group 1 - The Toro Company (TTC) raised its adjusted earnings and net sales guidance for the full-year 2026, projecting adjusted earnings between $4.40 and $4.60 per share and net sales growth of 3 to 6.5 percent from last year's $4.51 billion, implying net sales between $4.65 billion and $4.80 billion [1][2] - Previously, the company had expected adjusted earnings in the range of $4.35 to $4.50 per share on net sales growth of 2 to 5 percent [2] - The impact of the Tornado acquisition is expected to add approximately 2 percent to total company net sales and be modestly accretive to adjusted earnings per share [3] Group 2 - The company is investing in innovation to enhance customer productivity, capitalizing on market opportunities and customer demand, and leveraging its diverse portfolio of leading brands for profitable growth and competitive advantage, as stated by Richard Olson, chairman and CEO [2] - In pre-market trading, TTC is trading on the NYSE at $102.89, up $2.09 or 2.07 percent [3]