The Toro Company Reports Strong Fourth-Quarter and Full-Year Fiscal 2020 Results

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Toro Company (TTC) Tops Q4 EPS by 16c, Revenues Beat; Offers FY21 EPS Guidance Below Consensus

December 16, 2020 9:14 AM EST

Toro Company (NYSE: TTC) reported Q4 EPS of $0.64, $0.16 better than the analyst estimate of $0.48. Revenue for the quarter came in at $841 million versus the consensus estimate of $754.72 million.

Professional Segment Acquisitions and Residential Segment Performance Drive Results

Q4 net sales of $841 million, up 14.5% year over yearFY20 net sales of $3.38 billion, up 7.7% versus last year; residential segment net sales up 24.1%Q4 reported diluted EPS of $0.66; *Adjusted diluted EPS of $0.64, up 33.3% year over yearFY20 reported diluted EPS of $3.03; *Adjusted diluted EPS of $3.02, up 0.7% versus last yearFY21 guidance of... More