The Toro Company Reports Strong First-Quarter Fiscal 2021 Results

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Toro Company (TTC) Tops Q1 EPS by 10c, Revenues Beat; Offers FY21 EPS Guidance Below Consensus

March 4, 2021 8:32 AM EST

Toro Company (NYSE: TTC) reported Q1 EPS of $0.85, $0.10 better than the analyst estimate of $0.75. Revenue for the quarter came in at $873 million versus the consensus estimate of $851.38 million.

FIRST-QUARTER FISCAL 2021 FINANCIAL HIGHLIGHTS

Net sales of $873.0 million, up 13.7% from $767.5 million in the first quarter of fiscal 2020.Net earnings of $111.3 million, up 58.8% from $70.1 million in the first quarter of fiscal 2020; *adjusted net earnings of $93.2 million, up 33.8% from $69.7 million in the first quarter of fiscal 2020.Reported EPS of $1.02 per diluted share, up 56.9% from $0.65 per diluted share in the first quarter of fiscal 2020;... More