The Toro Company Reports Q2 Fiscal 2025 Results: Net Sales Down 2%, Adjusted EPS Up 1%

Reuters
06/05
The Toro Company Reports Q2 Fiscal 2025 Results: Net Sales Down 2%, Adjusted EPS Up 1%

The Toro Company has reported its financial results for the second quarter of fiscal 2025, highlighting a slight decline in net sales to $1.32 billion, down from $1.349 billion in the same period of fiscal 2024. The company's reported diluted earnings per share $(EPS)$ were $1.37, a marginal decrease from $1.38 in the prior-year period. However, the adjusted diluted EPS improved to $1.42, up from $1.40 in the same period last year. Net earnings for the second quarter were $136.8 million, a decrease from $144.8 million in fiscal 2024. The professional segment saw a reduction in gross margin, attributed to higher material and manufacturing costs, as well as inventory valuation adjustments. The company's interest expense was reduced to $15.8 million due to lower average interest rates. For the full fiscal year 2025, The Toro Company has updated its guidance, expecting total company net sales to range from flat to a decrease of 3%. The adjusted diluted EPS for the year is projected to be between $4.15 and $4.30. This outlook considers various factors, including anticipated tariff impacts, macroeconomic conditions affecting homeowner and channel behavior, and sustained demand in the underground construction and golf and grounds businesses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Toro Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20250605844822) on June 05, 2025, and is solely responsible for the information contained therein.

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