By Connor Hart

Toro raised its outlook for the year after logging higher profit and sales in its fiscal first quarter, boosted by continued strong demand across multiple end markets.

The company, which provides turf-maintenance and snow-management solutions, on Thursday said it now expects sales to grow 3% to 6.5% this year, up from a prior forecast of up 2% to 5%. Analysts polled by FactSet are expecting sales to climb 3.2%.

Toro also raised its adjusted earnings outlook to $4.40 to $4.60 a share, from a prior view of $4.35 to $4.50 a share. Wall Street is modeling adjusted earnings of $4.43 a share.

The new outlooks reflect continually strong demand and stable supplies across Toro's underground-construction, golf and grounds, and professional-landscape contractor businesses, it said. The company additionally stands to receive a sales boost from a recent acquisition.

"Looking ahead, we are investing in technology and innovation that enhance customer productivity, capitalizing on market opportunities and customer demand, and leveraging our diverse portfolio of leading brands for profitable growth and competitive advantage," Chief Executive Richard Olson said.

Shares ticked 2.1% higher, to $102.89, in premarket trading.

The new outlooks came as Toro posted a profit of $67.9 million, or 69 cents a share, for its three months ended Jan. 30, compared with $52.8 million, or 52 cents a share, a year earlier.

Stripping out one-time items, earnings were 74 cents a share. Analysts were looking for adjusted earnings of 65 cents a share.

Net sales climbed 4.2% to $1.04 billion, just ahead of the $1 billion that Wall Street modeled.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

March 05, 2026 09:08 ET (14:08 GMT)

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