The Toro Company reported its third-quarter results for fiscal 2025, highlighting strength in the professional segment.
Third-quarter net sales were $1.13 billion, with a 2% decrease from the same period in fiscal 2024, partly impacted by prior year divestitures.
Adjusted diluted earnings per share were up 5% year-over-year to $1.24, driven by improved professional segment profits.
Strong Professional Segment Growth
Professional segment achieved 6% growth and 250 basis points of margin expansion.
Cost Reductions and Efficiency Improvements
Deliberate actions to improve efficiency are delivering meaningful cost reductions, with the AMP program on track to save at least $100 million by 2027.
Resilience and Accelerated Performance
Decisive actions, including the AMP program, tariff mitigation, and capacity alignment, aim to deliver earnings growth independent of revenue expansion.
- The third quarter reflected strength in underground construction and golf and grounds, offsetting challenges in the residential segment.
- The company's efforts towards innovation, productivity, and cost savings are positioning it to enhance profitability and shareholder returns as markets recover.
The Toro Company remains focused on driving resilience, innovation, and efficiency to navigate challenges in the residential segment while capitalizing on opportunities in the professional segment.