Toro Reports Strong Q2 Results, Raises Full-Year Outlook
The Toro Company (NYSE:TTC) reported better-than-expected fiscal second-quarter results with an 8% increase in net sales and adjusted earnings per share of $1.60, marking the company’s second consecutive quarter of double-digit adjusted earnings growth. The Professional segment led performance with a 9.1% rise in sales and improved margins to 20.3%. Toro raised its full-year outlook citing strong demand across both professional and residential businesses.
Tickers: $TTC
Topics: adjusted_eps earnings free_cash_flow margin_improvement sales_growth