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Toro Company Issues FY22 Guidance

While reporting fourth-quarter results on Wednesday, The Toro Company (TTC) said it expects fiscal 2022 net sales growth in the range of 8% to 10% and adjusted earnings per share in the range of $3.90 to $4.10. Analysts polled by Thomson Reuters expect the company to report profit per share of $3.85. Analysts' estimates typically exclude special items.

Fourth quarter adjusted EPS declined to $0.56 from $0.64, a year ago. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.53, for the quarter.

Net earnings declined to $60.1 million from $72.2 million, prior year. Reported EPS was $0.56 compared to $0.66.

Net sales increased to $960.7 million from $841.0 million, prior year. Analysts on average had estimated $955.53 million in revenue.

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