TTC - Why Outdoor Equipment Products Provider Toro Shares Are Surging Today | Benzinga
The Toro Co (NYSE: TTC) shares are trading higher by around 8% after the company reported Q4 results and issued FY24 guidance.
The company reported a sales decline of 16% Y/Y to $983.2 million, beating the consensus of $973.7 million.
Richard M. Olson, chairman and chief executive officer said, "Demand for our innovative products was robust across much of our professional segment this year, with notable strength in our underground and specialty construction, and golf and grounds businesses."
"This strength offset the sharp year-over-year reduction in homeowner ...