Toro shares slide 7% on weak steerage, disappointing This autumn outcomes

BLOOMINGTON, Minn. – The Toro Firm (NYSE:TTC) reported fourth-quarter earnings and income that missed expectations. TTC shares plunged 7.2% Wednesday after the corporate issued disappointing steerage for fiscal 2025.

The out of doors tools producer posted adjusted earnings per share of $0.95 for the quarter ended October 31, lacking the analyst consensus of $0.97. Income rose 9.4% year-over-year to $1.08 billion, barely under estimates of $1.09 billion.

Toro’s outlook for the upcoming fiscal 12 months additionally fell in need of Wall Road projections. The corporate expects full-year 2025 adjusted EPS between $4.25 and $4.40, effectively under the $4.58 analysts have been anticipating.

“We delivered our fifteenth consecutive 12 months of internet gross sales development in what remained an especially dynamic setting,” mentioned Richard M. Olson, chairman and CEO. He famous robust efficiency within the residential section and underground development enterprise.

For the total fiscal 2024 12 months, Toro reported internet gross sales of $4.58 billion, up barely from $4.55 billion in 2023. Adjusted EPS got here in at $4.17, in comparison with $4.21 the earlier 12 months.

The corporate highlighted important enchancment in money era, which supported elevated share repurchases. Free money stream rose to over $470 million for the 12 months.

Trying forward, Olson expressed confidence in Toro’s capability to ship earnings development, supported by the corporate’s numerous portfolio and productiveness initiatives. Nevertheless, the weak steerage suggests challenges could persist within the near-term.

This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.