Toro's Q3 Beats Estimates, Shares Surge

The Toro Companys Q3 results exceeded expectations, with revenue at $1.07 billion and adjusted earnings per share at $0.91. Adjusted EBITDA hit $165.6 million, driven by strong performance in professional, snow, and underground segments. Shares surged 10% post-earnings. Despite operating margins dipping, investors focused on healthy inventories and shorter lead times. Toro guided adjusted earnings per share for FY2026 at $4.43, below estimates. Analysts will monitor AMP savings, Tornado integration, and residential demand stability for potential upside.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.