Toro's Earnings Rise in Fiscal Q3, but Professional Sales Dip

Toro (NYSE:TTC), known for its turf maintenance and landscaping products, released results for the third quarter of its fiscal 2024 on Sept. 5. The company reported net sales of $1.156 billion, a 6.9% increase from $1.081 billion in the same period last year, meeting management's expectations. Net income of $119.3 million was a turnaround from its loss of $15.0 million in Q3 2023, with adjusted diluted EPS increasing 24.2% to $1.18. However, the company revised its full-year adjusted EPS guidance down to a range of $4.15 to $4.20 from its previous forecast of $4.25 to $4.35.Source: Guidance from Toro's fiscal Q2 earnings report released June 6.Toro provides a range of products and services in turf maintenance, irrigation, and landscaping. It operates through two main segments: professional and residential.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool