Toro (TTC) Company Overview

Toro (TTC) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.98 per share a year ago.

The Toro Company (TTC) Q4 2023 Earnings Call Transcript

Toro's sales and profits are down, but not as much as expected. The company expects modest growth in the upcoming fiscal year, in part due to the launch of an important partnership.

Toro (TTC) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $1.11 per share a year ago.

Toro likes to lean on acquisitions to find new sales growth. The company's high return on invested capital shows these purchases have been effective.

The Toro Company's shares have experienced volatility, with a recent drop to $87, presenting a potential buying opportunity. The company's performance in the third quarter was weaker, leading to a cut in full-year earnings guidance and concerns about the residential segment and electrification efforts. Having some doubts on the quality of the business, I am waiting for a bit more enticing entry point.

The lawn care specialist's third-quarter results didn't impress many investors. Revenue was down, and it posted its first net loss in over 10 years.

The Toro Company (NYSE:TTC ) Q3 2023 Earnings Conference Call September 7, 2023 11:00 AM ET Company Participants Julie Kerekes - Treasurer and Senior Managing Director of Global Tax and Investor Relations Rick Olson - Chairman and Chief Executive Officer Angie Drake - Vice President and Chief Financial Officer Jeremy Steffan - Director of Investor Relations Conference Call Participants Michael Shlisky - D.A. Davidson & Company Tim Wojs - Baird Eric Bosshard - Cleveland Research Company Tom Hayes - C.L.

Toro's revenue fell in the most recent quarter due to low demand in its consumer segment. The company was forced to take an impairment charge on a recent acquisition, robbing it of net income this quarter.