Toro公司（NYSE:TTC）股價在公司報告的2024年第四季度銷售和收益低於預期後下跌。
季度銷售收入按年增長9%達到10.76億美元，低於預期的10.9億美元。調整後的每股收益(EPS)為0.95美元（按年增長34%），低於預期的0.96美元。
住宅部門銷售額按年增長4.5%至1.551億美元，主要得益於草坪護理產品的出貨量，儘管雪產品的出貨量減少。該部門報告虧損1380萬美元，較去年450萬美元的利潤有所下降，原因是儘管生產率有所提高，但成本和費用增加。
專業部門銷售額按年增長10.3%至9.139億美元，主要通過高爾夫、園區和建築設備的銷售推動，但緊湊型裝載機和雪產品的出貨量下降。這一部門的收益增長了36.3%至1.697億美元（佔銷售額的18.6%），受到生產率、銷售槓桿和價格上漲的推動，儘管成本增加。
季度調整後的毛利率從去年的33.6%下降至32.3%，受到儘管生產率提高但成本增加的影響。
季度調整後的營業利潤率為10.9%，高於去年同期的10.1%。截至10月31日，現金和等價物為1.995億美元。
「我們在一個極其動態的環境中實現了連續15年的淨銷售額增長，」董事長兼首席執行官Richard M. Olson評論道。
「我們有良好的定位能夠在我們有吸引力的最終市場中抓住未來的增長機會，同時推動盈利能力的提高。我們的重大生產率提高計劃（名為AMP）開局良好，我們有望在2027財年之前實現1億美元的年度成本節約目標，」Olson補充道。
2025財年展望：Toro預計公司淨銷售額增長在0%到1%之間，調整後的每股收益為4.25美元到4.40美元，低於預期的4.58美元。
股價變動：截止周三最後一次檢查時，TTC股價下跌3.34%，至82.46美元。
以上內容來自Benzinga Earnings專欄，原文如下：
The Toro Company (NYSE:TTC) shares are trading lower after the company reported worse-than-expected fourth-quarter 2024 sales and earnings.
The quarterly sales increased 9% year-over-year to $1.076 billion, missing the consensus of $1.09 billion. Adjusted EPS of $0.95 (+34% YoY), missing the consensus of $0.96.
Residential segment sales rose 4.5% YoY to $155.1 million, driven by lawn care shipments despite lower shipments of snow products, and reported the segment loss of $13.8 million, down from $4.5 million profit last year, due to higher costs and expenses despite productivity gains.
Professional segment sales rose 10.3% YoY to $913.9 million, driven by golf, grounds, and construction equipment sales, offset by lower compact loader and snow product shipments. Professional segment earnings rose 36.3% to $169.7 million (18.6% of sales), driven by productivity, sales leverage, and pricing gains despite higher costs.
Adjusted gross margin for the quarter decreased to 32.3% from 33.6% last year, impacted by higher costs despite productivity gains.
Adjusted operating margin for the quarter was 10.9%, up from 10.1% in the same period last year. As of October 31, cash and equivalents stood at $199.5 million.
「We delivered our 15th consecutive year of net sales growth in what remained an extremely dynamic environment,」 commented Richard M. Olson, chairman and chief executive officer.
「We are well-positioned to capitalize on future growth opportunities in our attractive end markets, while simultaneously driving profitability improvement. Our significant productivity initiative, named AMP, is off to a great start, and we remain on track to deliver $100 million in run-rate cost savings by fiscal 2027,」 added Olson.
FY25 Outlook: Toro expects company net sales growth to be in the range of 0% -1 % and adjusted EPS of $4.25 – $4.40 versus the $4.58 estimate.
Price Action: TTC shares are trading lower by 3.34% At $82.46 at the last check Wednesday.