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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.
Toro (TTC) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.3 per share. This compares to earnings of $1.24 per share a year ago.
BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company Reports Record Third-Quarter Results.
TTC is using productivity gains, innovation and strategic expansion to drive growth, but inflation, tariffs and weak demand remain risks.