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The Toro Company (TTC)
NYSE:TTC
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.63Last Year’s EPS
0.64Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 06, 2018
|% Change Since: -1.78%
|Next Earnings Date:Aug 23, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, successful new product launches, and strategic partnerships. However, challenges in the Residential segment, snow and ice management, and workforce reduction were notable lowlights. Overall, the highlights slightly outweigh the lowlights, driven by innovation and strategic initiatives.Company Guidance
During the earnings call for The Toro Company's Q4 2024 results, the executives provided detailed guidance for fiscal 2025. They anticipate total company net sales growth between 0% and 1%, driven by low single-digit growth in the Professional segment and a high single-digit decline in the Residential segment. The company expects adjusted gross margins and adjusted operating earnings margins to improve, with a full-year adjusted diluted EPS projected between $4.25 and $4.40. Capital expenditures are expected to remain steady at about $100 million, with an adjusted effective tax rate of about 20%. The company aims for a free cash flow conversion rate around 100% of reported net income. Key drivers include the continued strength in the underground construction and golf and grounds segments, while noting the need to normalize field inventory levels in lawn care and snow products.Record-Breaking Revenue and Growth
Reported net sales of $4.58 billion for fiscal year 2024, marking a 15th consecutive year of top line growth. Fourth quarter net sales increased by 9.4% over the previous year.
Strong Performance in Professional Segment
Professional segment net sales increased by 10.3% year-over-year in the fourth quarter, driven by higher shipments of golf and grounds products and underground construction equipment.
Significant Free Cash Flow Increase
Free cash flow increased by more than $300 million for the year, enabling nearly $400 million to be returned to shareholders through share repurchases and increased dividends.
New Product Innovations and Strategic Partnerships
Introduction of new products, including the Exmark Lazer Z mowers and a strategic partnership with Lowe's, recognized as Vendor of the Year.
AMP Initiative Success
Productivity initiative AMP delivered $14.5 million in annualized run rate cost savings, slightly ahead of expectations.
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TTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 18, 2024 | $84.91 | $81.06 | -4.53% |
| Sep 05, 2024 | $90.20 | $81.10 | -10.09% |
| Jun 06, 2024 | $78.64 | $89.97 | +14.41% |
| Mar 07, 2024 | $92.19 | $87.08 | -5.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does The Toro Company (TTC) report earnings?
The Toro Company (TTC) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is The Toro Company (TTC) earnings time?
The Toro Company (TTC) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTC EPS forecast?
TTC EPS forecast for the fiscal quarter 2025 (Q1) is 0.63.
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