Toro Co

TTC

Equity

ISIN US8910921084 / Valor 978376

New York Stock Exchange, Inc (2025-03-14)

USD 73.14+1.78%

Toro Co
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About company

The Toro Company, founded in 1914, is a leading global provider of innovative solutions for the outdoor environment. The company offers a wide range of products including turf maintenance, snow and ice management, landscape equipment, irrigation solutions, and outdoor lighting solutions. Through a network of distributors, dealers, and retailers in over 125 countries, Toro serves a variety of customers including golf courses, professional contractors, groundskeepers, agricultural growers, rental companies, government institutions, educational institutions, homeowners, sports venues, and historic sites. With a tradition of quality and caring relationships, Toro is dedicated to helping customers enhance the beauty, productivity, and sustainability of the land.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Record Net Sales

The Toro Company reported record full-year net sales of $4.58 billion for fiscal 2024, marking an increase from $4.55 billion in fiscal 2023. This growth was driven by strong performance in the residential segment, underground construction, and golf sectors.

Fourth-Quarter Performance

In the fourth quarter of fiscal 2024, Toro Co achieved net sales of $1.08 billion, up from $0.98 billion in the same period of fiscal 2023. The increase was attributed to higher shipments of golf and grounds products and underground construction equipment.

Earnings Per Share

Toro Co reported a full-year diluted EPS of $4.01 and an adjusted diluted EPS of $4.17 for fiscal 2024, compared to $3.13 reported and $4.21 adjusted diluted EPS in fiscal 2023. For the fourth quarter, the reported diluted EPS was $0.87, with an adjusted diluted EPS of $0.95.

Cash Flow and Shareholder Returns

The company generated over $470 million in free cash flow during fiscal 2024, supporting nearly $400 million in returns to shareholders. This included an increase in regular dividend payouts and approximately $250 million in share repurchases.

Fiscal 2025 Outlook

For fiscal 2025, Toro Co expects adjusted diluted EPS to range between $4.25 and $4.40. The company anticipates continued strong demand in its underground construction and golf and grounds businesses, with a focus on normalizing field inventories and launching new autonomous products.

Summarized from source with an LLMView Source

Key figures

-17.3%1Y

-10.9%3Y

4.53%5Y

Performance

30.4%1Y

29.6%3Y

29.8%5Y

Volatility