Overview

• Toro Company's fiscal 2024 net sales rose 0.7% to $4.58 billion, driven by strong performance in the Residential segment, which grew 16.9%.
• The Professional segment, accounting for 77.6% of net sales, saw a 3.2% decline due to lower shipments of lawn care and snow management equipment.
• Fourth-quarter revenue increased 9% year-over-year to $1.08 billion but fell short of analysts' expectations of $1.09 billion.
• Toro's fiscal 2025 guidance projects flat to 1% revenue growth and adjusted EPS of $4.25 to $4.40, below analyst estimates of $4.59.
• The company launched the AMP initiative to improve productivity and reduce costs, targeting $100 million in annualized savings by fiscal 2027.