Toro Company (TTC) Tops Q1 EPS by 3c, Offers Guidance
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The Toro Company Reports Solid First-Quarter Fiscal 2022 Results
March 3, 2022 8:30 AM ESTDrives Quarter over Quarter Sequential Gross Margin Improvement In a Dynamic Operating Environment
First-quarter net sales up 6.8% compared to the same prior year period, to $932.7 million; Professional segment net sales up 3.5%, Residential segment net sales up 17.3% First-quarter reported and *adjusted diluted EPS of $0.66 Gross margin results improved sequentially from the fourth quarter of fiscal 2021, driven by increased net price realization and enhanced operational performance; comparisons to the same prior-year period were affected by increased inflationary pressures and product availability constraintsÂ
BLOOMINGTON, Minn.--(BUSINESS WIRE)-- The Toro... More
