Toro Company TTC Professional — Goodwill
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Where this comes from
Reported directly by Toro Company in its filing.
Tagged under the XBRL concept us-gaap:Goodwill.
The source filing: Toro Company’s 10-Q, filed June 4, 2026.
- Filed
- Jun 4, 2026, 12:19 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000737758-26-000018
The goodwill recognized is primarily attributable to the value of the workforce, the reputation of Tornado Infrastructure Equipment, expected future cash flows, and expected synergies, including customer and dealer growth opportunities, integrating and expanding existing product lines, and cost reduction initiatives. Key areas of expected cost reduction synergies include increased purchasing power for commodities, components, parts, and supply chain consolidation. The goodwill resulting from the acquisition of Tornado Infrastructure Equipment was recognized within the company's Professional segment and is the primary driver for the increase in the company's Professional segment goodwill to $581.0 million as of May 1, 2026 from $440.9 million as of October 31, 2025. Goodwill is non-deductible for tax purposes.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Toro Company's professional — goodwill?
- Toro Company (TTC) reported professional — goodwill of $581M in Q1 2026.
- How has Toro Company's professional — goodwill changed year-over-year?
- Toro Company's professional — goodwill increased by 31.8% year-over-year, from $440.8M to $581M.
- What is the long-term trend for Toro Company's professional — goodwill?
- Over 4 years (2021 to 2025), Toro Company's professional — goodwill has grown at a 1.7% compound annual growth rate (CAGR), from $1.65B to $1.76B.
- What does professional — goodwill mean?
- This represents the intangible asset value recorded when the Professional segment acquires another business for a price exceeding the fair value of its net identifiable assets. It reflects the premium paid for brand reputation, customer relationships, and intellectual property within the professional turf and landscaping equipment market.
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