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

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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