The Toro Company, a leading global provider of solutions for the outdoor environment, reported June 6 2024 results for its fiscal second quarter ended May 3, 2024.
The Toro Co. reported 4th quarter net sales were up 14.2% year over year to $960.7 million. For the quarter Professional segment net sales increased 13.7% and Residential segment net sales up 19.8%.
“Our professional businesses delivered another good quarter, led by strength in landscape contractor sales, increased golf and grounds channel demand, and positive momentum in our BOSS business,” said Richard M. Olson, Toro’s chairman and CEO.
Professional segment net sales for the third quarter were up 3.0% from last year. Residential segment net sales for the third quarter were up 9.5% from last year.
Michael J. Hoffman, chairman of the board, will retire from the company's board of directors, effective November 3, 2017. Toro President and CEO Richard M. Olson has been elected chairman, effective upon Hoffman's retirement.
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Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.