Why Outdoor Equipment Products Provider Toro Shares Are Surging Today
Why Outdoor Equipment Products Provider Toro Shares Are Surging Today
The Toro Company (NYSE:TTC) shares are trading higher after the company reported second-quarter FY24 results.
託羅公司（紐約證券交易所代碼：TTC）公佈24財年第二季度業績後，股價走高。
Sales increased 1% Y/Y to $1.35 billion, beating the consensus of $1.343 billion.
銷售額同比增長1％，達到13.5億美元，超過了市場普遍預期的13.43億美元。
Sales by segments: Professional $1.006 billion (-5.9% Y/Y), and Residential $335.6 million (+26.3 Y/Y).
按細分市場劃分的銷售額：專業銷售額爲10.06億美元（同比下降5.9％），住宅銷售額爲3.356億美元（同比增長26.3％）。
Adjusted gross margin contracted to 33.6% from 35.8% a year ago due to a change in product mix and higher material and manufacturing costs.
由於產品結構的變化以及材料和製造成本的上漲，調整後的毛利率從去年同期的35.8％收縮至33.6％。
Adjusted operating margin declined to 14.2% from 16.3% the prior year. Adjusted EPS of $1.40 (-11% Y/Y) surpassed the consensus of $1.29.
調整後的營業利潤率從去年的16.3％下降至14.2％。調整後的每股收益爲1.40美元（同比下降11％），超過了預期的1.29美元。
As of May 3, cash and equivalents stood at $188.8 million.
截至5月3日，現金及等價物爲1.888億美元。
Richard M. Olson, chairman and chief executive officer, said, "We realized exceptional growth in our residential segment due to our strong mass channel, successful new product introductions, and better weather conditions compared to last year."
董事長兼首席執行官理查德·奧爾森表示：“與去年相比，由於我們強大的大衆渠道、成功推出新產品以及更好的天氣條件，我們的住宅板塊實現了驚人的增長。”
"Importantly, we made significant progress in reducing dealer field inventories of lawn care equipment in both the residential and professional segment, a result of lower shipments to that channel, coupled with spring retail momentum."
“重要的是，我們在減少住宅和專業領域的草坪護理設備的經銷商現場庫存方面取得了重大進展，這是該渠道的出貨量減少以及春季零售勢頭的結果。”
FY24 Outlook: Toro continues to expect low-single-digit total company net sales growth and adjusted EPS of $4.25-$4.35 (vs. consensus: $4.26).
24財年展望：Toro繼續預計公司淨銷售總額將保持較低的個位數增長，調整後的每股收益爲4.25-4.35美元（而市場普遍預期爲4.26美元）。
Olson added, "We expect continued growth in shipments to our residential segment mass channel, and anticipate this growth will help offset our expectations for lower preseason shipments of snow and ice management products given the lack of snow this past winter."
奧爾森補充說：“鑑於去年冬天缺雪，我們預計住宅板塊大衆渠道的出貨量將持續增長，並預計這種增長將有助於抵消我們對冰雪管理產品的季前出貨量下降的預期。”
Investors can gain exposure to the stock via MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) and VanEck Agribusiness ETF (NYSE:MOO).
投資者可以通過MarketDesk重點美國股息ETF（納斯達克股票代碼：FDIV）和VanEck農業企業ETF（紐約證券交易所代碼：MOO）獲得股票敞口。
Price Action: TTC shares are up 12.77% at $89.81 at the last check Thursday.
價格走勢：在週四的最後一次檢查中，TTC股價上漲12.77％，至89.81美元。