Toro Company (TTC) Tops Q1 EPS by 4c, Beats on Revenues

February 22, 2018 8:33 AM EST

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Toro Company (NYSE: TTC) reported Q1 EPS of $0.48, $0.04 better than the analyst estimate of $0.44. Revenue for the quarter came in at $548.2 million versus the consensus estimate of $538.92 million.

  • First quarter sales increase 6.3 percent to a record $548.2 million
  • Professional businesses deliver strong results driving quarterly performance
  • Reported EPS of $0.21, which includes a one-time $0.30 EPS reduction due to U.S. tax reform
  • Adjusted EPS of $0.48, a 29.7 percent increase over the prior year adjusted EPS of $0.37
  • Revised 2018 guidance includes the ongoing lower corporate tax rate but excludes the one-time charges associated with U.S. tax reform and also excludes the benefit of the excess tax deduction for share-based compensation

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

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