NYSE$TTC

The Toro Company · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

The Toro Company reported Q4 2024 financial results, showing increased net sales and EPS compared to the same period last year.

The Toro Company reported a 9% increase in net sales for the fourth quarter of fiscal 2024, reaching $1.08 billion, and a 30% increase in diluted EPS to $0.87. The company's full-year net sales also increased to $4.58 billion. The company expects total company net sales growth in the range of 0% to 1% and *adjusted diluted EPS in the range of $4.25 to $4.40.

  • Fourth-quarter net sales increased by 9% to $1.08 billion compared to the same period in fiscal 2023.
  • Fourth-quarter reported diluted EPS increased by 30% to $0.87, and adjusted diluted EPS increased by 34% to $0.95.
  • Full-year net sales reached a record $4.58 billion, driven by strength in the residential segment, underground construction, and golf.
  • The company delivered a significant increase in free cash flow during fiscal 2024, to just over $470 million.

Headline financials

Total Revenue

$1.08B

Previous: $983M+9.4%
EPS (adj)

$0.95

Previous: $0.71+33.8%
Adjusted Effective Tax Rate

16.9%

No prior period
FCF Conversion

112.4%

No prior period
Gross Margin

32.4%

Previous: 33.5%-3.3%
Adjusted Operating Margin

10.9%

No prior period
Capital Expenditures

-$39.1M

Previous: -$43.8M+10.7%
Net Income

$89.9M

Previous: $70.3M+27.9%
Operating Income

$109M

Previous: $94.5M+15.3%
Gross Profit

$349M

Previous: $330M+5.9%
Stock-Based Comp

$3.5M

Previous: $5.02M-30.3%

Revenue & EPS history

Toro · Revenue · Quarterly

$1.08B

Q4 2024+9.4%vs Q4 2023
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Toro · $1.42B total across 3 segments · Q2 2026

  • Professional
    $1.11B
  • Residential
    $310M
  • Other
    $7.7M

Forward guidance

For fiscal 2025, management expects total company net sales growth in the range of 0% to 1% and *adjusted diluted EPS in the range of $4.25 to $4.40.

Tailwinds

  • continued strong demand and stable supply for our underground construction and golf and grounds businesses
  • weather patterns aligned with historical averages

Headwinds

  • a continuation of macro factors that have driven increased consumer and channel caution
  • remaining adjustments needed to normalize field inventories of lawn care products and snow and ice management solutions

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.4%

Avg return

Earnings day

-1.0%

Avg return

5 days after

-1.3%

Avg return

30 days after

43%

30 / 69 earnings

Positive

+20.5%

Q2 2024

Best reaction

-17.4%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-2.4%+0.8%
Q1 2026-2.1%-1.8%-8.0%
Q4 2025+10.7%+8.0%+23.3%
Q3 2025-0.0%-2.2%-4.6%
Q2 2025+2.4%+3.1%+8.4%
Q1 2025-4.9%-3.3%-15.7%
Q4 2024-4.9%-6.0%-2.2%
Q3 2024-9.8%-9.0%-7.7%
Q2 2024+20.5%+19.8%+10.7%
Q1 2024-4.8%-5.9%-7.4%
Q4 2023+11.6%+10.7%+4.0%
Q3 2023-17.4%-17.4%-15.4%
Q2 2023-7.6%-6.3%-3.3%
Q1 2023-3.5%-2.4%-10.8%
Q4 2022-0.8%+0.9%-2.3%
Q3 2022-0.3%+2.6%+4.3%
Q2 2022+6.6%+7.7%-5.0%
Q1 2022-6.7%-14.6%-10.6%
Q4 2021+0.9%-4.9%+0.2%
Q3 2021+1.2%-1.4%-9.5%
Q2 2021-4.2%-2.8%+1.2%
Q1 2021-1.7%-2.7%+5.1%
Q4 2020+0.8%+1.7%+5.2%
Q3 2020+2.6%+2.4%+8.0%
Q2 2020+2.1%+1.4%-6.4%
Q1 2020-2.4%-4.7%-19.3%
Q4 2019-5.4%-1.6%+2.7%
Q3 2019-1.2%-1.7%+0.5%
Q2 2019-6.5%-7.9%-1.4%
Q1 2019+3.3%+2.6%+9.5%
Q4 2018-1.8%-2.9%-5.1%
Q3 2018-2.9%-0.9%+1.1%
Q2 2018+0.8%+0.2%-1.0%
Q1 2018+2.4%+3.3%-3.9%
Q4 2017+2.9%+0.8%+4.1%
Q3 2017-10.8%-12.6%-10.7%
Q2 2017+0.4%+1.2%+5.5%
Q1 2017-1.0%-0.8%+0.4%
Q4 2016+3.9%+1.5%+5.0%
Q3 2016+3.8%+5.0%+0.2%
Q2 2016-3.4%
Q1 2016+5.3%
Q4 2015+0.7%
Q3 2015-0.7%
Q2 2015+0.5%
Q1 2015-1.5%
Q4 2014-6.0%
Q3 2014+2.4%
Q2 2014+2.4%
Q1 2014-0.3%
Q4 2013-1.2%
Q3 2013+10.0%
Q2 2013+2.5%
Q1 2013-0.4%
Q4 2012-6.6%
Q3 2012+1.2%
Q2 2012-1.2%
Q1 2012+1.1%
Q4 2011+1.7%
Q3 2011-4.5%
Q2 2011-2.5%
Q1 2010-2.8%
Q1 2011-1.6%
Q4 2008-1.7%
Q4 2010-1.7%
Q2 2010-1.7%
Q4 2009+2.8%
Q3 2010+2.8%
Q3 2009+2.8%

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