Toro Co

These company initiatives also drive robust free cash flow and value creation for our shareholders, through dividends and share repurchases .

SEC original ↗Toro Co — Earnings release (8-K exhibit)EX-99Sep 3, 2026

This decrease was primarily due to lower average interest rates and lower average outstanding borrowings.

SEC original ↗Toro Co — Earnings release (8-K exhibit)EX-99Sep 3, 2026

The company considers free cash flow and free cash flow conversion percentage to be non-GAAP liquidity measures that provide useful information to management and investors about the company's ability to convert net earnings into cash resources that can be used to pursue opportunities to enhance shareholder value, fund ongoing and prospective business initiatives, and strengthen the company's Consolidated Balance Sheets, after reinvesting in necessary capital expenditures required to maintain and grow the company's business.

SEC original ↗Toro Co — Earnings release (8-K exhibit)EX-99Sep 3, 2026

The company funded the purchase price with borrowings under its existing revolving credit facility.

SEC original ↗Toro Co — 10-Q Quarterly report10-QSep 3, 2026

Strong momentum continued in the third quarter, supported by sustained demand across our portfolio and our consistent focus on operational excellence and margin expansion, said Richard M.

SEC original ↗Toro Co — Earnings release (8-K exhibit)EX-99Sep 3, 2026

These company initiatives also drive robust free cash flow and value creation for our shareholders, through dividends and share repurchases .

SEC original ↗Toro Co — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Productivity initiatives are delivering margin expansion and the team is effectively managing inventory.

SEC original ↗Toro Co — Earnings release (8-K exhibit)EX-99Sep 3, 2026

The Toro Company uses these non-GAAP financial measures in making operating decisions and assessing liquidity because it believes these non-GAAP financial measures provide meaningful supplemental information regarding core operational performance and cash flows, as a measure of the company's liquidity, and provide the company with a better understanding of how to allocate resources to both ongoing and prospective business initiatives.

SEC original ↗Toro Co — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Forward-looking statements in this release include the company s fiscal 2026 financial guidance, expectations regarding demand trends, our recent strategic acquisition, and the success of new products, supply chain stabilization and AMP, and other statements made under the Outlook section of this release.

SEC original ↗Toro Co — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Due to the uncertainty of the amount or timing of these future excluded items, management does not forecast them for internal use and therefore cannot create a quantitative adjusted diluted EPS for fiscal 2026 to diluted EPS reconciliation without unreasonable efforts.

SEC original ↗Toro Co — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Forward-looking statements involve risks and uncertainties that could cause actual events and results to differ materially from those projected or implied.

SEC original ↗Toro Co — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Legal Proceedings 47 Item 1A.

SEC original ↗Toro Co — 10-Q Quarterly report10-QSep 3, 2026

Forward-looking statements are only projections and involve risks and uncertainties that could cause actual results to differ materially from those projected or implied in the forward-looking statements.

SEC original ↗Toro Co — 10-Q Quarterly report10-QSep 3, 2026

For more information regarding these and other uncertainties and factors that could cause our actual results to differ materially from what we have anticipated in our forward-looking statements or otherwise could materially adversely affect our business, financial condition, or operating results, see our most recently filed Annual Report on Form 10-K, Part I, Item 1A, "Risk Factors;" and our subsequent filings with the Securities and Exchange Commission ("SEC").

SEC original ↗Toro Co — 10-Q Quarterly report10-QSep 3, 2026

Actual results could differ materially from those anticipated in the forward-looking statements and from historical results, due to the risks and uncertainties described above, the risks described in our most recent Annual Report on Form 10-K, Part I, Item 1A, "Risk Factors," and our subsequent SEC filings, as well as others that we may consider immaterial or do not anticipate at this time.

SEC original ↗Toro Co — 10-Q Quarterly report10-QSep 3, 2026