Toro Posts 5.7% Growth in Fiscal Q3
(NYSE:TTC), a global leader in turf, landscape, and irrigation equipment, reported its fiscal 2025 third-quarter earnings on Sept. 4, 2025. The results highlighted a notable divide: the Professional segment posted robust growth and margin expansion, while the Residential unit experienced significant declines. Adjusted diluted earnings per share (EPS) reached $1.24, exceeding the analyst estimate of $1.22 (non-GAAP), and improving from $1.18 last year (adjusted, third quarter fiscal 2024). However, net sales were $1.13 billion, down 2% from $1.16 billion in the prior year, and slightly below previous guidance. An $81 million non-cash impairment tied to slower recovery in the Spartan business held reported diluted EPS to $0.54.
Management commented: "Our Professional segment continues to perform well, our innovation pipeline remains robust, and our strong cash generation supports our investments in continued growth as well as returning capital to shareholders. We are navigating today's environment from a position of strength, supported by our market leadership, operational excellence, and the financial flexibility to create long-term value. This disciplined approach to managing through cycles while investing in our future is how we build enduring value for all stakeholders."
Results broadly matched the lower end of revised expectations.
Source Fool.com
