Toro's (NYSE: TTC) stock surged 7.40% during intraday trading on Wednesday following the company's better-than-expected fourth-quarter financial results and upbeat fiscal 2026 guidance.

The lawn equipment maker reported adjusted earnings of $0.91 per share, surpassing the analyst consensus estimate of $0.87, while quarterly sales of $1.066 billion also exceeded expectations of $1.048 billion. Despite a slight year-over-year decline in earnings and sales, the results beat forecasts, bolstering investor confidence. Toro also projected fiscal 2026 adjusted earnings of $4.35 to $4.50 per share and net sales growth of 2% to 5%.

Strength in Toro's Professional segment, driven by net price realization and productivity improvements, along with cost-saving measures that offset higher material costs, contributed to the positive performance. The company's ability to mitigate tariff impacts and maintain margins further supported the stock's rally.