(Adds Outlook, share movement)
For the full-year 2025, The Toro Company (TTC) has reaffirmed its guidance, citing strong demand and positive market cues.
For the year, the company continues to expect adjusted income per share of $4.25 to $4.40 with sales growth of 0 percent to 1 percent. Last year, TTC had recorded adjusted income per share of $4.17 on sales of $4.58 billion.
TTC was down by 3.20 percent at $75.51 in the pre-market trade on the New York Stock Exchange.
Q1 Results:
Toro Co announced a profit for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $52.8 million, or $0.52 per share. This compares with $64.9 million, or $0.62 per share, last year.
Excluding items, Toro Co reported adjusted earnings of $65.9 million or $0.65 per share for the period.
Analysts on average had expected the company to earn $0.63 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 0.6% to $995 million from $1.001 billion last year.
Toro Co earnings at a glance (GAAP) :
-Earnings: $52.8 Mln. vs. $64.9 Mln. last year.
-EPS: $0.52 vs. $0.62 last year.
-Revenue: $995 Mln vs. $1.001 Bln last year.
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