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Oct 31, 2024
Toro Q4 2024 Earnings Report
The Toro Company reported Q4 2024 financial results, showing increased net sales and EPS compared to the same period last year.
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
Revenue by Segment
Professional Revenue
CapyFin.comResidential Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
International Revenue
CapyFin.com 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