Toro Company

Benzinga - Dec 18th, 2024

Score 7.0

Toro Misses The Mark: Q4 Earnings Disappoint Amid 15 Years Of Sales Growth

The Toro Company (NYSE:TTC) shares are trading lower after the company reported worse-than-expected fourth-quarter 2024 sales and earnings.The quarterly sales increased 9% year-over-year to $1.076 billion, missing the consensus of $1.09 billion. Adjusted EPS of $0.95 (+34% YoY), missing the consensus of $0.96.Residential segment sales rose 4.5% YoY to $155.1 million, driven by lawn care shipments despite lower shipments of snow products, and reported the segment loss of $13.8 million, down from $4.5 million profit last year, due to higher costs and expenses despite productivity gains.Professional segment sales ...Full story available on Benzinga.com