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The Toro Company reported strong first-quarter 2026 results, with consolidated net sales rising 4.2% to $1.04 billion. Adjusted earnings per share increased to $0.74 from $0.65 year-over-year, driven by performance in the professional segment. The professional segment generated $824 million in net sales and $137.6 million in earnings, whilst the residential segment posted $206 million in sales and $13.2 million in earnings. The company's AMP cost-savings programme has achieved $95 million towards its $125 million goal. However, challenges persist in international markets, particularly Europe and Asia, whilst the residential segment faces flat to 3% decline expectations. The company returned $133 million to shareholders through dividends and share repurchases, maintaining a leverage ratio of 1.5 times.

The Toro Company reported fourth-quarter revenue of $1.04 billion, up 4.2% year on year and exceeding analyst estimates by 3.5%. The outdoor equipment manufacturer's adjusted earnings per share of $0.74 beat consensus forecasts by 14.2%. Management raised full-year adjusted EPS guidance to $4.50 at the midpoint, a 1.7% increase. Operating margin held steady at 8.4%, whilst free cash flow improved to $14.6 million from negative $67.7 million in the prior-year quarter. The company's Professional segment, representing 79.5% of revenue, grew 3% over the past two years, whilst Residential revenue declined 11.8%. Analysts expect revenue to grow 3.3% over the next 12 months, though this remains below sector averages.

Toro's Green Blazer Award goes to Reesink's Jon Cole. The award for Toro Equipment Sales is presented during the company's annual worldwide distributor business meeting. Jon Cole, Divisional Business Manager for Reesink Turfcare, exclusive distributor for Toro commercial machinery in the UK, has been named the recipient of the Toro Green Blazer Award for 2025. This isn't ordinary Toro attire, a green blazer has to be earned. The award for Toro Equipment Sales is presented during the company's annual worldwide distributor business meeting,which is held in conjunction with the GCSAA show in America, and recognises individuals who are contributing to the industry, demonstrating leadership and showing commitment to customers and customer relationships, all with commercial success. Greg Lawrence, General Manager of the International Division of The Toro Company, who presented the award to Jon, says: "Throughout his career, Jon has demonstrated unwavering commitment to customers, colleagues, and the Toro brand. "He played a pivotal role in securing the landmark ten-year Total Solutions partnership with The Grove. Working closely with Toro, he helped develop a partnership proposition that extended well beyond equipment, including residual value strategies, customer engagement initiatives, education programmes, and the use of The Grove as a flagship showcase venue. These combined efforts overcame strong competition and secured long-term success." The Toro Green Blazer Award is presented to a member of the Toro channel who has demonstrated excellence and achievement in selling Toro commercial equipment. It is awarded just once a year and represents a high level of performance, customer impact, and outstanding accomplishment. Alastair Rowell, Managing Director of Reesink UK, says: "Jon's career began with John Shaw Machinery in 2007 and progressed through Reesink following its acquisition in 2014, ultimately becoming Divisional Business Manager in 2022. A natural leader, Jon keeps teams aligned and informed, ensuring confidence across the sales organisation. "It is an honour for this award to come to the EMEA and to win is a great achievement, not only for Jon personally but also for Reesink UK as a company. I have worked with Jon for many years and to see his hard work recognised on this level is fantastic. He deserves huge congratulations." The award also shows recognition to the top level of Commercial Equipment sales and development of new business opportunities. For Jon, "it was a surprise and an honour to have my name read out at Toro's distributor awards during the GCSAA show in Orlando. I'm extremely proud to have received this recognition from Toro and although it is an individual award, it is in my eyes more of a reflection on the effort and dedication shown by the whole team at Reesink UK." Reesink UK is the main importer and distributor of Toro commercial golf and grounds machinery and irrigation equipment in the UK. It is based at 1-3 Station Road, St Neots PE19 1QF. Call 01480 226800, email [email protected] or visit reesinkuk.co.uk. What did you think of this article?