Toro Posts Record Q3, Raises Full-Year Guidance on Strong Demand
TTC sits 47% above its 52-week low of $67.64.
Summary
Toro delivered record fiscal Q3 results with net sales up 8.4% to $1,225.8M and adjusted EPS of $1.33, beating the prior year's $1.24. Both Professional and Residential segments grew, with Residential swinging to a meaningful profit. Management raised full-year guidance: net sales growth now 6.3%-6.6% (up from 4.0%-6.5%) and adjusted EPS $4.60-$4.65 (up from $4.50-$4.62). This follows the planned CEO succession announced in July, adding operational momentum ahead of the transition. The earnings call is at 10:00 a.m. CT today, where management will likely provide more color on margin expansion and the Tornado acquisition integration.
At the time of this announcement, TTC was trading at $99.70 on NYSE in the Manufacturing sector, with a market capitalization of approximately $9.4B. The 52-week trading range was $67.64 to $105.19. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.