Toro Misses The Mark: Q4 Earnings Disappoint Amid 15 Years Of Sales Growth
Toro Misses The Mark: Q4 Earnings Disappoint Amid 15 Years Of Sales Growth
Professional segment sales rose 10.3% YoY to $913.9 million, driven by golf, grounds, and construction equipment sales, offset by lower compact loader and snow product shipments. Professional segment earnings rose 36.3% to $169.7 million (18.6% of sales), driven by productivity, sales leverage, and pricing gains despite higher costs.The Toro Company (NYSE:TTC) shares are trading lower after the company reported worse-than-expected fourth-quarter 2024 sales and earnings.
托罗公司（纽交所：TTC）的股票在公司公布2024年第四季度销售和盈利情况不及预期后，股价下跌。
The quarterly sales increased 9% year-over-year to $1.076 billion, missing the consensus of $1.09 billion. Adjusted EPS of $0.95 (+34% YoY), missing the consensus of $0.96.
季度销售额同比增长9%，达到10.76亿，未能达到预期的10.9亿。调整后的每股收益为0.95美元（同比增长34%），未能达到预期的0.96美元。
Residential segment sales rose 4.5% YoY to $155.1 million, driven by lawn care shipments despite lower shipments of snow products, and reported the segment loss of $13.8 million, down from $4.5 million profit last year, due to higher costs and expenses despite productivity gains.
住宅部门销售额同比增长4.5%，达到15510万，尽管雪类产品的出货量下降，但由于草坪护理出货量增加，报告该部门亏损1380万，低于去年的450万利润，主要是由于成本和费用上升，尽管生产效率有所提高。
Professional segment sales rose 10.3% YoY to $913.9 million, driven by golf, grounds, and construction equipment sales, offset by lower compact loader and snow product shipments. Professional segment earnings rose 36.3% to $169.7 million (18.6% of sales), driven by productivity, sales leverage, and pricing gains despite higher costs.
专业部门销售额同比增长10.3%，达到91390万，主要得益于高尔夫、场地和施工设备的销售，尽管紧凑型装载机和雪类产品的出货量下降。专业部门盈利同比增长36.3%，达到16970万（占销售额的18.6%），主要得益于生产效率、销售杠杆和价格提升，尽管成本上升。
Adjusted gross margin for the quarter decreased to 32.3% from 33.6% last year, impacted by higher costs despite productivity gains.
本季度调整后的毛利率从去年的33.6%降至32.3%，受高成本影响，尽管生产效率有所提高。
Adjusted operating margin for the quarter was 10.9%, up from 10.1% in the same period last year. As of October 31, cash and equivalents stood at $199.5 million.
本季度调整后的营业利润率为10.9%，高于去年同期的10.1%。截至10月31日，现金及现金等价物为19950万。
"We delivered our 15th consecutive year of net sales growth in what remained an extremely dynamic environment," commented Richard M. Olson, chairman and chief executive officer.
理查德·M·奥尔森（Richard M. Olson）董事长兼首席执行官表示："在极其动态的环境中，我们实现了连续第15年的净销售增长。"
"We are well-positioned to capitalize on future growth opportunities in our attractive end markets, while simultaneously driving profitability improvement. Our significant productivity initiative, named AMP, is off to a great start, and we remain on track to deliver $100 million in run-rate cost savings by fiscal 2027," added Olson.
奥尔森补充道："我们在有吸引力的最终市场中能够很好地把握未来增长机会，同时推动盈利能力的提升。我们的重大生产力计划，名为AMP，已取得良好开端，我们仍计划在2027财年前实现10000万的运行成本节省。"
FY25 Outlook: Toro expects company net sales growth to be in the range of 0% -1 % and adjusted EPS of $4.25 – $4.40 versus the $4.58 estimate.
FY25展望：托罗配件预计公司净销售增长将在0%-1%的区间内，调整后的每股收益为4.25美元至4.40美元，而预计为4.58美元。
Price Action: TTC shares are trading lower by 3.34% At $82.46 at the last check Wednesday.
价格动态：TTC股票最新成交价为82.46美元，下跌3.34%。
