Toro Company ( (TTC) ) has released its Q2 earnings. Here is a breakdown of the information Toro Company presented to its investors.
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The Toro Company is a global leader in providing innovative solutions for the outdoor environment, specializing in turf and landscape maintenance, snow and ice management, underground utility construction, and irrigation and outdoor lighting solutions. In its latest earnings report for the second quarter of fiscal 2025, Toro Company reported net sales of $1.32 billion, a slight decrease from the previous year, with adjusted diluted EPS rising to $1.42 from $1.40. The company highlighted growth in its Professional segment, which saw an increase in net sales and earnings, driven by higher shipments of golf and grounds products. However, the Residential segment experienced a decline in net sales and earnings due to lower shipments of mowers and portable power products. Despite these challenges, Toro Company maintained a strong operating performance with a gross margin of 33.1% and adjusted operating earnings margin of 13.7%. Looking ahead, Toro Company remains confident in its strategic positioning to navigate near-term headwinds and expects fiscal 2025 net sales to range from flat to a 3% decrease, with adjusted diluted EPS between $4.15 and $4.30.