Toro Company (TTC) Tops Q4 EPS by 2c, Revs Miss; Guides

Toro Company (NYSE: TTC) reported Q4 EPS of $0.48, $0.02 better than the analyst estimate of $0.46. Revenue for the quarter came in at $734.4 million versus the consensus estimate of $745.11 million.

“We concluded fiscal 2019 by exceeding the $3 billion revenue milestone and delivering strong gross margin and revenue growth momentum heading into fiscal 2020,” said Richard M. Olson, Toro’s chairman and chief executive officer. “The year was marked by record results, the transformational acquisition of Charles Machine Works and strong demand for snow and ice management products in our professional and residential segments. New product introductions contributed to our growth, such as the stand-on BOSS® Snowrator®, the redesigned Power Clear® snow thrower and the Flex-Force™ lithium-ion battery-powered products with all season capability. I would like to thank our team and channel partners for their dedication, consistent execution, and continued focus on our end customers.”

GUIDANCE:

Toro Company sees FY2020 EPS of $3.33-$3.40, versus the consensus of $3.35.

For earnings history and earnings-related data on Toro Company (TTC) click here.

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