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The Toro Company reported strong fourth-quarter results, driven by continued sales growth in the residential segment and a rebound in the professional segment. Q4 net sales increased by 14.5% year over year to $841 million.
Q4 net sales of $841 million, up 14.5% year over year
Residential segment net sales up 24.1%
Q4 reported diluted EPS of $0.66; Adjusted diluted EPS of $0.64, up 33.3% year over year
Liquidity of about $1.1 billion as of October 31, 2020
For fiscal 2021, management expects total net sales growth in the range of 6.0% to 8.0% and adjusted EPS in the range of $3.35 to $3.45 per diluted share.
Visualization of income flow from segment revenue to net income