EPS Exceeds Expectations
Adjusted earnings per share grew to $1.42, exceeding expectations despite a challenging macroeconomic environment and unfavorable weather conditions.
Professional Segment Growth
Professional segment net sales for the second quarter were just over $1 billion, up about 1% year over year, driven by higher shipments of golf and grounds products.
AMP Program Success
The AMP program generated $70 million in run-rate savings, with a goal of achieving $100 million by 2027.
Strong Cash Flow and Shareholder Returns
Free cash flow through the second quarter was $84.7 million, and the company deployed $200 million towards share repurchases year-to-date.
ACE Hardware Vendor of the Year Award
The Toro Company was awarded the 2024 ACE Hardware Vendor of the Year for substantial sales growth and innovative products.