Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTMotley Fool Transcribing, The Motley FoolThu, June 4, 2026 at 6:25 PM GMT+2 37 min readImage source: The Motley Fool.DATEThursday, June 4, 2026 at 11 a.m. ETCALL PARTICIPANTSChairman and Chief Executive Officer — Richard OlsonPresident and Chief Operating Officer — Edric C. FunkVice President and Chief Financial Officer — Angela C. DrakeVice President of Corporate Affairs and Investor Relations — Heather LillyFull Conference Call TranscriptBranden Happel: Good morning, everyone, and thank you for joining us for The Toro Company Second Quarter 2026 Earnings Conference Call. I am Heather Lilly, Vice President of Corporate Affairs and Investor Relations. On the line with me today are Rick Olson, Chairman and Chief Executive Officer; Edric C. Funk, President and chief operating officer, and Angie Drake, vice president and chief financial officer. Rick, Edric and Angie will provide an overview of our second quarter results which were released earlier this morning and discuss our priorities and outlook for the remainder of fiscal 2026. Following their remarks, we will open the phone lines for a question and answer session.Before we begin, please note that any forward looking statements made today are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks are detailed in our earnings release investor presentation and our most recent filings with the SEC. During our remarks, we will also reference certain non GAAP financial measures. We believe these metrics provide useful insight into the company's performance. Reconciliations to the most directly comparable GAAP measures can be found in this morning's press release. Both the release and our second quarter supplemental presentation are available in the Investor Information of our corporate website. With that, I will now turn the call over to Rick.Richard Olson: Thank you, Heather, and good morning, everyone. The Toro Company continued its strong start to the year, exceeding expectations with second quarter top line growth of 8% and adjusted EPS of $1.60. This is the second consecutive quarter of double digit earnings growth driven by strong demand and improving margins. We remain focused on our key strategic priorities. Accelerating profitable growth, driving productivity and operational excellence, and empowering people. This disciplined approach is delivering results. Demand was broad based across our portfolio. Residential net sales grew 4% and professional net sales grew by 9%.Within professional, we drove mid single digit sales growth in golf and grounds, high single digit sales growth in landscape contractor, and we are particularly excited to have achieved low double digit organic sales growth in underground and specialty construction. A key highlight in underground construction continues to be the JT 21 horizontal directional drill. Designed for maximum uptime, it features advanced capabilities that enhances operator efficiency and job site safety. It is built to handle long bores and difficult terrain with ease. And customer response has been strong. With a robust and growing order pipeline. At CONEXPO in March, we highlighted another example of customer driven innovation. Orange Intel is a customizable fleet management and job site intelligence system.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info