While reporting financial results for the first quarter on Thursday, The Toro Company (TTC) raised its adjusted earnings and net sales guidance for the full-year 2026, based on the better-than-expected first-quarter performance, , while also reflecting the persistent and dynamic inflationary environment.
For fiscal 2026, the company now projects adjusted earnings in the range of $4.50 to $4.62 per share on net sales growth of 4 to 6.5 percent from with last year's $4.51 billion, implying net sales between $4.69 billion and $4.80 billion.
Previously, the company expected adjusted earnings in a range of $4.40 to $4.60 per share on net sales growth of 3 to 6.5 percent
"We continue to capitalize on market opportunities in underground construction, landscape contractor and golf, while successfully executing our margin improvement initiatives," said Richard Olson, chairman and CEO.
In Thursday's pre-market trading, TTC is trading on the NYSE at $96.86, up $5.88 or 6.46 percent.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.