It has been six months since I last covered The Toro Company (NYSE: TTC ), rating it a Hold due to concerns about slow growth. Since then, the stock traded sideways inI retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions I already hold or am considering changing. I prefe ...

Shares of outdoor equipment business The Toro Company (TTC -4.90%) dropped on Thursday after the company reported financial results for its fiscal first quarter of 2025. As of 2 p.m. ET, The Toro Company stock was down 5% and had hit four-year lows earlier in the day -- disappointing for a stock that had perennially been a long-term market-beater.Just a slow quarter for ToroIn Q1, Toro had net sales of $995 million, which was down less than 1% year over year. Not only is it disappointing to see revenue go d ...

Core Insights - The Toro Company held its Q1 2025 Earnings Conference Call on March 6, 2025, with key participants including the CEO and CFO [1][3]. Group 1: Earnings Release and Presentation - The earnings release for Q1 2025 was issued on the same day as the conference call, and it is available on the company's corporate website [3]. - A first quarter earnings presentation was also posted to supplement the earnings release [3]. Group 2: Participants and Structure - The call featured several company executives, including Rick Olson (Chairman and CEO), Angie Drake (VP and CFO), and Jeremy Steffan (Director, Investor Relations) [3]. - The conference call was structured to include a question-and-answer session towards the end [1].

Toro (TTC) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.17%. A quarter ago, it was expected that this landscaping, maintenance and irrigation equipment maker would post earnings of $0.96 per share when it actually produced earnings of $0.95, delivering a surprise of -1.04%.Over t ...

Toro's Professional segment helped it surpass EPS estimates in Q1 2025, but total revenue missed expectations.Outdoor maintenance solutions provider Toro (TTC -4.49%) reported mixed fiscal 2025 first-quarter financial results on Thursday, March 6. Adjusted EPS of $0.65 surpassed analysts' consensus expectations of $0.63. However, Q1 revenue was $995 million, falling short of the anticipated $1 billion. Challenges in the Residential segment contributed to this shortfall. Overall, the quarter showcased strong ...

Core Viewpoint - Toro Corp. has announced a spin-off of its Handysize tanker business, creating a new subsidiary named Robin Energy Ltd., which will hold one Handysize tanker and Xavier Shipping Co. [1][2] Group 1: Spin-Off Details - The spin-off will allow Toro shareholders to receive one common share of Robin for every eight common shares of Toro they own [1][2] - Robin has applied for its shares to be listed on the Nasdaq Capital Market, with Toro's CEO, Petros Panagiotidis, appointed as Robin's Chairman and CEO [1][2] Group 2: Strategic Benefits - The spin-off is expected to enhance operational efficiencies and allow both Toro and Robin to focus on their respective business lines [2] - The transaction aims to attract new investors and provide shareholders with flexibility in managing their equity holdings in the shipping sectors [2] Group 3: Shareholder Actions - Toro shareholders will not need to take any action to receive their Robin shares, and no payment or exchange of Toro shares is required [3] - Fractional shares of Robin will not be distributed; instead, they will be aggregated and sold in the market, with net proceeds distributed to shareholders [3] Group 4: Regulatory and Filing Information - Robin has filed a registration statement on Form 20-F with the SEC, detailing the terms of the spin-off [4] - The completion of the spin-off is subject to the effectiveness of the registration statement and the approval of Robin's share listing on Nasdaq [4] Group 5: Company Overview - Toro Corp. is an international energy transportation services company with a fleet that includes five vessels, comprising one Handysize tanker and four LPG carriers [5] - The company operates under the laws of the Republic of the Marshall Islands and trades on the Nasdaq Capital Market under the symbol "TORO" [6]

Group 1 - The Toro Company (NYSE: TTC) is insulated from tariffs as the majority of its products are manufactured in the U.S.A [1] - The company is focusing on enhancing its portfolio by offering higher-margin products through brand consolidation [1] Group 2 - The emphasis of equity research is on intrinsic value, prioritizing undervalued and growing companies, particularly those in early development stages [2]

Core Insights - The Toro Company reported fourth-quarter fiscal 2024 results with both revenues and earnings falling short of the Zacks Consensus Estimate, although both metrics improved compared to the same quarter last year [1][4][5] Financial Performance - Adjusted earnings were reported at 95 cents per share, slightly below the consensus estimate of 96 cents, but up from 71 cents in the prior year [4] - Net sales reached $1,076 million, missing the consensus estimate of $1,086 million, but reflecting a 9.4% increase year-over-year [5] - Adjusted gross profit increased by 5.1% year-over-year to $347.8 million, while gross margin contracted by 130 basis points to 32.3% due to rising costs [6] - SG&A expenses improved by 2.1% year-over-year to $240 million, with a decrease in this metric as a percentage of net sales by 160 basis points to 22.3% [7] - Adjusted operating earnings were $117 million, compared to $99.5 million in the same quarter last year, with an adjusted operating margin of 10.9%, up 80 basis points year-over-year [8] Segment Performance - Professional segment net sales were $913.9 million, a 10.3% increase from $828.9 million in the prior year, driven by higher shipments of golf and grounds products [9] - Residential segment net sales reached $155.1 million, a 4.5% increase from $148.4 million in the previous year, supported by greater shipments of lawn care products [10] Financial Position - As of the end of the fiscal fourth quarter, the company had cash and cash equivalents of $199.5 million, long-term debt of $911.8 million, and shareholders' equity of $1.55 billion [12] - Net inventories declined by 4.5% year-over-year, with net cash provided by operating activities at $569.9 million and free cash flow at $470.7 million [12] Future Outlook - For fiscal 2025, the company projects net sales growth of 0% to 1% and adjusted EPS between $4.25 and $4.40, supported by strong demand in underground construction and golf segments [13]

Core Viewpoint - Toro (TTC) reported quarterly earnings of $0.95 per share, slightly missing the Zacks Consensus Estimate of $0.96 per share, but showing an increase from $0.71 per share a year ago, indicating a year-over-year growth in earnings despite the miss [1][2] Financial Performance - The company posted revenues of $1.08 billion for the quarter ended October 2024, which was below the Zacks Consensus Estimate by 0.94%, but up from $983.2 million in the same quarter last year, reflecting a year-over-year revenue growth [2] - Over the last four quarters, Toro has surpassed consensus EPS estimates only once, indicating mixed performance in earnings expectations [2][7] Stock Performance - Toro shares have declined approximately 11.1% since the beginning of the year, contrasting with the S&P 500's gain of 26.9%, highlighting underperformance relative to the broader market [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.82 on revenues of $1.08 billion, while for the current fiscal year, the estimate is $4.59 on revenues of $4.77 billion, suggesting cautious expectations moving forward [8] - The Zacks Rank for Toro is currently 3 (Hold), indicating that the stock is expected to perform in line with the market in the near future [7] Industry Context - The Tools - Handheld industry, to which Toro belongs, is currently ranked in the top 2% of over 250 Zacks industries, suggesting a favorable industry outlook that could positively influence Toro's performance [9]

Core Viewpoint - Toro Corp. has announced a $100 million senior term loan facility to Castor Maritime Inc., secured by 10 vessels valued at approximately $235 million, with a tenor of 5 years and an interest rate of SOFR plus 1.80% per annum [1] - Additionally, Toro is increasing its investment in Castor's Series D Preferred Shares by 50,000 shares for a total of $50 million, bringing its total holdings to 100,000 shares [2] Group 1: Financial Transactions - The $100 million term loan facility is secured by 10 vessels owned by Castor, which are valued at around $235 million based on third-party valuations [1] - The term loan has a duration of 5 years and an interest rate of SOFR plus 1.80% per annum [1] - Toro is investing an additional $50 million in Castor's 5.00% Series D cumulative perpetual convertible preferred shares, increasing its total holdings to 100,000 shares [2] Group 2: Company Background - Toro Corp. is an international energy transportation services company with a fleet that includes tankers and LPG carriers, currently owning five vessels with a total capacity of 0.1 million deadweight tons [5] - Castor Maritime Inc. is a Nasdaq-listed maritime entity controlled by Petros Panagiotidis, who is also the CEO of Toro [3]