Toro Q4 2024 Earnings Report
Key Takeaways
The Toro Company reported a 9% increase in net sales for the fourth quarter of fiscal 2024, reaching $1.08 billion, and a 30% increase in diluted EPS to $0.87. The company's full-year net sales also increased to $4.58 billion. The company expects total company net sales growth in the range of 0% to 1% and *adjusted diluted EPS in the range of $4.25 to $4.40.
Fourth-quarter net sales increased by 9% to $1.08 billion compared to the same period in fiscal 2023.
Fourth-quarter reported diluted EPS increased by 30% to $0.87, and adjusted diluted EPS increased by 34% to $0.95.
Full-year net sales reached a record $4.58 billion, driven by strength in the residential segment, underground construction, and golf.
The company delivered a significant increase in free cash flow during fiscal 2024, to just over $470 million.
Toro
Toro
Toro Revenue by Segment
Toro Revenue by Geographic Location
Forward Guidance
For fiscal 2025, management expects total company net sales growth in the range of 0% to 1% and *adjusted diluted EPS in the range of $4.25 to $4.40.
Positive Outlook
- continued strong demand and stable supply for our underground construction and golf and grounds businesses
- weather patterns aligned with historical averages
Challenges Ahead
- a continuation of macro factors that have driven increased consumer and channel caution
- remaining adjustments needed to normalize field inventories of lawn care products and snow and ice management solutions
Revenue & Expenses
Visualization of income flow from segment revenue to net income