Toro Co reported Q2 earnings of $1.40 EPS and $1.35B revenue, surpassing estimates, and maintained FY24 guidance.
Toro Co reported better-than-expected Q2 earnings, with $1.40 EPS and $1.35B revenue, surpassing Wall Street estimates. The company experienced exceptional growth in its residential segment, reduced dealer field inventories, and maintained its FY24 guidance of $4.25-$4.35 EPS and low-single-digit net sales growth. Despite a flat year-over-year revenue, this was expected due to prior inventory restocking. Toro's shares rose 12.77% to $89.81 at the last check.
June 06, 2024
6 Articles