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Toro Corp. is a maritime shipping company specializing in acquiring, owning, operating, and chartering oil tanker vessels. These vessels transport crude oil and refined petroleum products across the globe. Its operations are structured around two main segments: Aframax/LR2 tankers and Handysize tankers. The firm boasts a fleet of eight tankers, collectively capable of carrying 0.7 million deadweight tons (dwt) of cargo. Established in 2022, Toro Corp. maintains its corporate headquarters in Limassol, Cyprus.
LIMASSOL, Cyprus, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro,” or the “Company”), a global energy transportation services provider, announces that it intends to effect a spin-off of its LPG carrier business.
Toro (TTC) could produce exceptional returns because of its solid growth attributes.
The Toro Company delivered a solid Q3 2026, beating revenue and EPS expectations, yet shares dropped nearly 7% on earnings-quality concerns. TTC raised full-year sales and EPS guidance, citing strong demand, AMP program outperformance, and robust residential margin expansion. Professional segment growth was driven by acquisitions and demand, but margin contraction and ongoing input cost pressures remain key risks.
The Toro Company (TTC) Q3 2026 Earnings Call Transcript
Toro NYSE: TTC reported third-quarter fiscal 2026 net sales growth of 8.4% to $1.23 billion, supported by demand across its professional and residential businesses, and raised its full-year adjusted earnings outlook.