Toro 2Q Net Rises 14%, Helped By Early Spring

The company raised its full-year earnings outlook by 10 cents, now seeing $4.30 a share. It also sees revenue growth of 7% to 8%, from its previously guided projections of 6% to 7% growth.

May 29, 2012

Toro Co.'s fiscal second-quarter earnings rose 14% as unseasonably warm weather helped sales of grounds-care equipment.

"While a portion of our results was the benefit of an accelerated spring, we are hopeful the early start will extend the selling season and drive incremental sales," said Chief Executive Michael J. Hoffman. "Our product line-up is strong, our core businesses are well positioned, and our investments in light construction, hardscapes and rental products will contribute to future growth."

The company raised its full-year earnings outlook by 10 cents, now seeing $4.30 a share. It also sees revenue growth of 7% to 8%, from its previously guided projections of 6% to 7% growth.

For more about Toro's second-quarter financial performance...

The Toro Company

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