Toro Company (NYSE:TTC) posts $1.35B in Q2 sales, maintains full year outlook

The Toro Company (NYSE:TTC), a prominent global provider of outdoor environment solutions, today announced its financial outcomes for the fiscal second quarter, which concluded on May 3, 2024.

The company recorded second-quarter net sales of $1.35 billion, showing a slight increase from $1.34 billion reported in the same period last year.

Despite the modest rise in sales, Toro observed a dip in earnings.

The reported diluted earnings per share (EPS) for the quarter stood at $1.38, down from $1.59 in the fiscal second quarter of 2023.

Similarly, the adjusted diluted EPS was $1.40, slightly lower than the $1.58 recorded a year earlier.

Following the quarter's performance, the company has reaffirmed its full-year guidance, anticipating low single-digit growth in net sales and an adjusted diluted EPS ranging from $4.25 to $4.35.