Toro Company reports Q1 adjusted EPS 74c, consensus 65c

Reports Q1 revenue $1.04B, consensus $1B. “We delivered first-quarter net sales and adjusted earnings that exceeded our expectations, as strong execution in both Professional and Residential segments enabled us to capitalize on incremental demand for snow and ice products,” said Richard Olson, chairman and chief executive officer. “Our Underground Construction business continued its sustainable growth and was further strengthened by our acquisition of Tornado Infrastructure Equipment. Additionally, our ongoing operational efficiency and working capital improvement efforts helped us outperform our typical cash flow generation at this point in the year.”