Toro Bullish on Q2 Numbers
The Toro Company (NYSE: TTC) shares made hay Thursday. The Bloomington, Minnesota-based company, a leading global provider of solutions for the outdoor environment, today reported results for its fiscal second quarter ended May 2.
“Our second-quarter results demonstrate the resilience and agility of The Toro Company and commitment of our dedicated employees and channel partners to deliver innovative solutions and exceptional service to meet our customers’ needs,” said CEO Richard M. Olson.
“While top-line growth was pressured in our Residential segment, we drove continued Professional segment momentum, which helped us exceed our expectations for earnings in the quarter. Our progress exemplifies the success of our strategic and operational actions to create long-term value for all stakeholders.”
"We are taking decisive steps to strategically position the company to navigate near-term headwinds. Our strong portfolio and disciplined execution continue to sustain our performance, and we remain confident in our ability to manage controllable factors while mitigating macroeconomic risks," concluded Olson.
For fiscal 2025, management now expects total company net sales to be in the range of flat to down 3% and adjusted diluted EPS in the range of $4.15 to $4.30.
Toro jumped 33 cents to $75.93.
