Toro reported a net sales increase of 27.9 percent to $838.7 million for its third quarter ended August 2, 2019. In the comparable fiscal 2018 period, the company delivered net earnings of $79.0 million on net sales of $655.8 million. Adjusted 2019 third quarter net earnings were $89.8 million, compared to adjusted net earnings of $73.5 million.
For the first nine months, Toro reported net earnings of $235.7 million, on a net sales increase of 15.6 percent to $2,403.7 million. For the first nine months, adjusted net earnings were $272.4 million, an increase of 7.2 percent.
The professional segment net sales for Q3 were $676.8 million, up 40.3 percent from $482.5 million last year. For the first nine months, professional segment net sales were $1,855.3 million, up 20.0 percent from 2018. The addition of Charles Machine Works and growth in rental and specialty construction businesses, all contributed to the results.
Source: Toro
