The Toro Company reported fiscal third-quarter net sales of $1.23 billion, up 8.4% year-over-year, with adjusted EPS of $1.33, and raised its full-year adjusted EPS guidance to $4.60-$4.65. Both the professional and residential segments posted over 8% sales growth, with residential margins improving 400 basis points to 5.9%. The company generated $425 million in free cash flow and repurchased $358 million in shares. Management highlighted the AMP initiative's progress toward its $125 million savings target and strong demand for new products, while noting a $43 million impairment charge and a higher-than-expected tax rate of 22.4% as headwinds.
Toro CoToro beat on Q3 sales/EPS, raised full-year guidance, and repurchased $358M in shares.
Central Holding Group Co Ltd