The Toro Company Reports Second Quarter Results

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Go back to The Toro Company Reports Second Quarter Results

Toro Company (TTC) Misses Q2 EPS by 4c, Revenues Beat; Affirms Q3 EPS Guidance Below Consensus, FY19 EPS Mid-Point Views Below Consensus

May 23, 2019 8:34 AM EDT

Toro Company (NYSE: TTC) reported Q2 EPS of $1.17, $0.04 worse than the analyst estimate of $1.21. Revenue for the quarter came in at $962 million versus the consensus estimate of $958.24 million.

Acquisition of Charles Machine Works completed ahead of schedule with favorable first month resultsSecond quarter sales increase 9.9 percent to $962.0 million, fueled by acquisitionReported quarterly EPS of $1.07; adjusted quarterly EPS of $1.17New full-year EPS guidance of $2.90 to $3.00 and full-year revenue guidance of about $3.2 billion, both inclusive of Charles Machine Works

"The first half of 2019 has been dynamic for... More