The Toro Company reported its fiscal second-quarter results for the period ended May 2, 2025. Consolidated net sales decreased by 2.3% to $1,317.9 million compared to the prior year. Reported net earnings were $136.8 million, or $1.37 per diluted share, while adjusted net earnings were $141.8 million, or $1.42 per diluted share, an increase of 1% year-over-year.
The Professional segment continued to show strength, with net sales increasing by 0.8% and segment earnings growing by 6.0%, driven by demand in golf and grounds and underground construction. In contrast, the Residential segment experienced significant headwinds, with net sales decreasing by 11.4% and segment earnings falling by 55.4%, primarily due to weak consumer confidence and elevated field inventories.
Based on these results and current market visibility, The Toro Company revised its full-year fiscal 2025 guidance. The company now anticipates total net sales to be in the range of flat to down 3% compared to fiscal 2024, and adjusted diluted EPS is projected to be in the range of $4.15 to $4.30. This revised outlook incorporates anticipated tariff impacts and continued macroeconomic caution affecting homeowners.
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