The Toro Company (TTC) Earnings Call Transcripts

The Toro Company's Latest Earnings Call - Q2 FY2026

In the second quarter of fiscal 2026, The Toro Company (TTC:US) reported revenue of $1.42 billion, reflecting an 8.1% increase year-over-year, and adjusted EPS of $1.60, surpassing expectations. Management raised full-year guidance for sales growth to a range of 4% to 6.5% and adjusted EPS to $4.50 to $4.62, up from the previous range of $4.40 to $4.60. This strong performance was driven by broad-based demand across its portfolio, particularly in the Professional segment, which saw a 9.1% increase in net sales.

Reported metrics

Guidance from management

Management raised full-year sales growth guidance to 4% to 6.5% and adjusted EPS guidance to $4.50 to $4.62, reflecting strong performance in the first half of 2026.

What management said

Let's say the best way to describe it, David, is that we were back to a more normal situation. So -- as you recall, the commentary from the last couple of years, we had a higher field inventory that we're working through. We had maybe just a little tail of that left as we entered the spring season, but we were in good shape to supply the demand. Demand was even beyond what we expected, but we had good flow coming out...

Parts and service goes with it. And one of the things that Edric and team has been focused on is really making sure that we get all of our parts as a percentage of total sales. So we see even more opportunity to accelerate that. We get a good share today, but we see even more opportunity to grow in that area. And obviously, it's a important contributor to our profitability and helps us invest in future innovation as ...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of demand in the residential segment and potential impacts from inflation and tariffs on future margins. There were questions about the ability to maintain profitability amidst rising costs and how weather conditions might affect sales going forward.

Main topics on the call

• Revenue Growth Acceleration — The Toro Company achieved second quarter revenue of $1.42 billion, up 8.1% year-over-year, with organic growth of 5.7%. CEO Rick Olson stated, "Demand was broad-based across our portfolio," highlighting strong performanc...
• Margin Improvement — Adjusted operating margins improved to 14.4%, the highest in 12 quarters, driven by productivity initiatives. CFO Angie Drake noted, "This growth, combined with our focus on productivity and operational excellence drove ...
• Guidance Raise — Management raised full-year sales growth guidance to 4% to 6.5% and adjusted EPS to $4.50 to $4.62. Drake emphasized that the tighter range reflects their outperformance in the first half of the year, stating, "This refl...
• Strong Demand in Professional Segment — The Professional segment reported net sales of $1.1 billion, up 9.1%. Olson remarked, "In underground construction... customer response has been strong, with a robust and growing order pipeline," indicating sustained dem...

Read the full The Toro Company transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 The Toro Company earnings call transcripts on record, spanning March 5, 2020 to September 3, 2026. Based on this history, The Toro Company reports quarterly. The most recent call on file is dated September 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TTC

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Machinery

Calls on record

33

First call

March 5, 2020

Most recent

September 3, 2026

Reporting cadence

quarterly