The Toro Company Fiscal 2025 Full-Year Results Announcement
The Toro Company (NYSE: TTC), a global leader in outdoor environment solutions, announced it will release its fiscal 2025 full-year results soon.
Recent Performance Highlights
In the fiscal 2025 third quarter, The Toro Company achieved net sales of approximately $1.13 billion, marking a 2% decrease compared to the same period in fiscal 2024. Despite this, the company reported adjusted earnings that exceeded expectations, driven primarily by a 6% growth in its Professional segment alongside a 250 basis points margin improvement. Momentum was strong particularly in underground construction, and golf and grounds businesses. However, the Residential segment faced headwinds leading to cautious outlooks in that area.
Management Commentary
Richard M. Olson, chairman and CEO, noted that ongoing AMP productivity initiatives and innovation leadership have helped exceed earnings forecasts despite challenges in certain segments. The company is focusing on strengthening resilience and accelerating performance through these efforts while expecting total company net sales to remain flat to down 3% for fiscal 2025. Adjusted diluted earnings per share are projected at the lower end of prior guidance ranges.
Financial Metrics Snapshot
- Gross profit for recent quarters ranged around $381.8 million to $402.8 million, with gross margins near 33.7% to 34.8%.
- Selling, general, and administrative expenses slightly increased but remain managed relative to sales.
- The Professional segment showed profitability improvement to nearly 20% of net sales.
- The Residential segment experienced earnings decline due to higher material and manufacturing costs.
“We delivered third-quarter adjusted earnings that exceeded our expectations, with our Professional segment achieving 6 percent growth and 250 basis points of margin expansion.” — Richard M. Olson, Chairman and CEO
Outlook
The Toro Company aims to improve profitability and shareholder returns as market conditions recover, leveraging productivity programs and innovation. While challenges persist, especially in Residential markets, the company remains focused on delivering value and sustaining growth.
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