TORO CO
For the period ended Jul 31, 2026. Filed Sep 3, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2026 · Filed Sep 3, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
(Dollars in millions, except per share data)
| July 31, 2026 | August 1, 2025 | October 31, 2025 | |
|---|---|---|---|
| ASSETS | |||
| Cash and cash equivalents | $175.3 | $201.0 | $341.0 |
| Receivables, net | 496.1 | 472.7 | 378.2 |
| Inventories, net | 882.7 | 1,036.2 | 920.8 |
| Prepaid expenses and other current assets | 103.4 | 84.2 | 65.1 |
| Total current assets | 1,657.5 | 1,794.1 | 1,705.1 |
| Property, plant, and equipment, net | 588.8 | 629.1 | 615.8 |
| Goodwill | 576.5 | 450.8 | 450.9 |
| Other intangible assets, net | 439.5 | 398.6 | 390.3 |
| Right-of-use assets | 97.4 | 105.6 | 114.7 |
| Investment in finance affiliate | 39.7 | 41.3 | 41.0 |
| Deferred income taxes | 119.0 | 85.6 | 105.8 |
| Other assets | 17.6 | 14.7 | 15.2 |
| Total assets | $3,536.0 | $3,519.8 | $3,438.8 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||
| Current portion of long-term debt and short-term borrowings | $— | $20.0 | $— |
| Accounts payable | 463.6 | 385.0 | 367.6 |
| Accrued liabilities | 568.2 | 534.3 | 525.5 |
| Short-term lease liabilities | 20.2 | 16.6 | 19.3 |
| Total current liabilities | 1,052.0 | 955.9 | 912.4 |
| Long-term debt, less current portion | 962.0 | 1,012.2 | 921.5 |
| Long-term lease liabilities | 95.8 | 92.8 | 100.3 |
| Deferred income taxes | 19.4 | 0.6 | 0.8 |
| Other long-term liabilities | 70.5 | 47.2 | 50.5 |
| Stockholders’ equity: | |||
| Preferred stock, par value $0.01 per share, authorized 1,000,000 voting and 850,000 non-voting shares, none issued and outstanding1 | — | — | — |
| Common stock, par value $0.01 per share, authorized 175,000,000 shares; issued and outstanding 94,654,390 shares as of July 31, 2026, 97,851,312 shares as of August 1, 2025, and 97,888,105 shares as of October 31, 20251 | 0.9 | 97.9 | 97.9 |
| Retained earnings | 1,359.2 | 1,350.7 | 1,390.5 |
| Accumulated other comprehensive loss | (23.8) | (37.5) | (35.1) |
| Total stockholders’ equity | 1,336.3 | 1,411.1 | 1,453.3 |
| Total liabilities and stockholders’ equity | $3,536.0 | $3,519.8 | $3,438.8 |
1 During the company’s second quarter ended May 1, 2026 the company amended its certificate of incorporation to change the par value of its preferred and common stock from $1.00 per share to $0.01 per share. This change has been adopted prospectively and, therefore, the common stock balances as of August 1, 2025 and October 31, 2025 have not been adjusted and reflect the prior par value $1.00 per share as of each such date.
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