Growth in Toro’s professional segment and cost-saving initiatives helped the company surpass adjusted earnings expectations despite residential market challenges.
The Toro Company has reported results for the second quarter of its fiscal year 2025, ended May 2, reporting the following highlights by professional segment growth and profitability improvement for the global outdoor power equipment (OPE) manufacturer.
Toro delivered profitability gains in Q1, driven by strong demand for professional equipment, improved margins, and disciplined execution despite lower residential sales.
The Toro Company, a leading global provider of solutions for the outdoor environment, today reported results for its fiscal fourth-quarter and full-year ended October 31, 2024.
The Toro Company, a leading global provider of solutions for the outdoor environment, reported June 6 2024 results for its fiscal second quarter ended May 3, 2024.
The Toro Co. reported 4th quarter net sales were up 14.2% year over year to $960.7 million. For the quarter Professional segment net sales increased 13.7% and Residential segment net sales up 19.8%.
“Our professional businesses delivered another good quarter, led by strength in landscape contractor sales, increased golf and grounds channel demand, and positive momentum in our BOSS business,” said Richard M. Olson, Toro’s chairman and CEO.
Professional segment net sales for the third quarter were up 3.0% from last year. Residential segment net sales for the third quarter were up 9.5% from last year.
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