The Toro Company Reports Third-Quarter Fiscal 2020 Results

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Toro Company (TTC) Tops Q3 EPS by 27c, Revenues Beat

September 3, 2020 8:31 AM EDT

Toro Company (NYSE: TTC) reported Q3 EPS of $0.82, $0.27 better than the analyst estimate of $0.55. Revenue for the quarter came in at $841 million versus the consensus estimate of $772.58 million.

THIRD-QUARTER AND YEAR-TO-DATE FISCAL 2020 FINANCIAL HIGHLIGHTS

Net sales of $841.0 million, up 0.3% from $838.7 million in the third quarter of fiscal 2019; year-to-date fiscal 2020 net sales were $2.54 billion, up 5.6% from $2.40 billion in the same prior-year period.Net earnings of $89.0 million, up 46.8% from $60.6 million in the third quarter of fiscal 2019; *adjusted net earnings of $88.7 million, down 1.2% from $89.8 million in... More