The Toro Company reported its fiscal first-quarter results for the period ended January 31, 2025. Net sales for the quarter were $995.0 million, a decrease of 1% compared to the prior year. Reported net earnings were $52.8 million, or $0.52 per diluted share, while adjusted net earnings were $65.9 million, or $0.65 per diluted share, an increase of 2% year-over-year.
The Professional segment demonstrated growth, with net sales increasing and segment earnings growing by 12.8% to $127.2 million, driven by increased output for golf and grounds products and strong channel orders for new zero-turn mowers. Conversely, the Residential segment faced headwinds, with net sales decreasing by 8% to $221 million due to elevated field inventory levels of snow products and the impact of a prior divestiture.
Despite the mixed performance, management maintained its full-year fiscal 2025 guidance, expecting total company net sales growth in the range of 0% to 1% and adjusted diluted EPS in the range of $4.25 to $4.40. The company also returned $100 million to shareholders through share repurchases during the quarter, reflecting confidence in its cash flow and future performance.
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