Lawn Mower Maker Toro Stock Sinks on Weaker-Than-Expected Results, Outlook [Yahoo! Finance]
Toro Company (The) (TTC)
Last toro company (the) earnings: 3/5 08:30 am
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Source: Yahoo! Finance
The maker of lawn mowers and snowblowers also reduced its full-year profit and sales forecasts. CEO Richard Olsen said the results were impacted by macroeconomic pressures. Toro Company ( TTC ) shares sank Thursday as the manufacturer of lawn mowers and snowblowers reported worse-than-expected results and guidance on falling demand for its products amid what Chief Executive Officer (CEO) Richard Olson called a "very dynamic environment." The company posted fiscal 2024 third-quarter earnings per share (EPS) of $1.14, with revenue rising 6.9% year-over-year to $1.16 billion. Both were short of consensus estimates of analysts compiled by Visible Alpha. Sales at the Professional segment fell 1.7% to $880.9 million, "primarily driven by lower shipments of snow and ice management products, lawn care equipment, and compact utility loaders." Sales jumped 52.6% to $267.5 million at its Residential division, mostly the result of higher shipments to its mass channel. Toro 'Saw Increas
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News
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TTC
Earnings
- 9/5/24 - Miss
TTC
Sec Filings
- 11/14/24 - Form SC
- 11/5/24 - Form 4
- 11/5/24 - Form 4
- TTC's page on the SEC website