Toro Sales Increase 7% in Q3

August 24, 2015



Toro Company third quarter sales increased 7.4 percent to $609.6 million. Toro delivered net earnings of $50 million, or $0.87 per share, on net sales of $567.5 million in the 2014 third fiscal quarter.

For the first nine months, Toro reported net earnings of $178 million, or $3.13 per share, on a net sales increase of 8.6 percent to $1.910 billion. In the comparable fiscal 2014 period, the company posted net earnings of $163 million, or $2.82 per share, on net sales of $1.759 billion.

The company has raised its full-year earnings outlook to about $3.50. Similarly, expected full-year revenue for fiscal 2015 has been refined to about 10%, a change from the previous expectation of about 8 to 10 percent.