Toro Will Adjust Operations, Pricing as Tariffs Play Out -- Market Talk

Dow Jones

Mar 07, 2025

1343 ET - Lawn-mower maker Toro has significantly reduced its exposure to China over the past few years, with the country currently accounting for a low-single-digit percent of its total cost of goods sold, CEO Rick Olson says on a call with analysts. Some of the company's residential and irrigation products are produced in Mexico, and it doesn't produce in Canada, he adds. Determining a gross impact from tariffs is a moving target right now, Olson says, though he adds that the company is "prepared to quickly make adjustments to our operations and pricing as appropriate." Toro backs its fiscal 2025 outlook, which includes the first round of Chinese tariffs and calls for sales to be flat to up 1% from last year. Toro falls 6.6% after logging lower profit in its F1Q. (connor.hart@wsj.com)

(END) Dow Jones Newswires

March 06, 2025 13:43 ET (18:43 GMT)

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Some of the company's residential and irrigation products are produced in Mexico, and it doesn't produce in Canada, he adds. Determining a gross impact from tariffs is a moving target right now, Olson says, though he adds that the company is \"prepared to quickly make adjustments to our operations and pricing as appropriate.\" Toro backs its fiscal 2025 outlook, which includes the first round of Chinese tariffs and calls for sales to be flat to up 1% from last year. Toro falls 6.6% after logging lower profit in its F1Q. (connor.hart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 06, 2025 13:43 ET (18:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toro Will Adjust Operations, Pricing as Tariffs Play Out -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToro Will Adjust Operations, Pricing as Tariffs Play Out -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-07 02:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1343 ET - Lawn-mower maker Toro has significantly reduced its exposure to China over the past few years, with the country currently accounting for a low-single-digit percent of its total cost of goods sold, CEO Rick Olson says on a call with analysts. Some of the company's residential and irrigation products are produced in Mexico, and it doesn't produce in Canada, he adds. Determining a gross impact from tariffs is a moving target right now, Olson says, though he adds that the company is \"prepared to quickly make adjustments to our operations and pricing as appropriate.\" Toro backs its fiscal 2025 outlook, which includes the first round of Chinese tariffs and calls for sales to be flat to up 1% from last year. Toro falls 6.6% after logging lower profit in its F1Q. 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Some of the company's residential and irrigation products are produced in Mexico, and it doesn't produce in Canada, he adds. Determining a gross impact from tariffs is a moving target right now, Olson says, though he adds that the company is \"prepared to quickly make adjustments to our operations and pricing as appropriate.\" Toro backs its fiscal 2025 outlook, which includes the first round of Chinese tariffs and calls for sales to be flat to up 1% from last year. Toro falls 6.6% after logging lower profit in its F1Q. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","LU1543694498.USD":"法巴水资源基金RH MD Dis","TTC":"托罗配件","BK4152":"农用农业机械"},"translate_title":"随着关税的实施，托罗将调整运营和定价——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTC":1},"content_text":"1343 ET - Lawn-mower maker Toro has significantly reduced its exposure to China over the past few years, with the country currently accounting for a low-single-digit percent of its total cost of goods sold, CEO Rick Olson says on a call with analysts. Some of the company's residential and irrigation products are produced in Mexico, and it doesn't produce in Canada, he adds. Determining a gross impact from tariffs is a moving target right now, Olson says, though he adds that the company is \"prepared to quickly make adjustments to our operations and pricing as appropriate.\" Toro backs its fiscal 2025 outlook, which includes the first round of Chinese tariffs and calls for sales to be flat to up 1% from last year. Toro falls 6.6% after logging lower profit in its F1Q. (connor.hart@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  March 06, 2025 13:43 ET (18:43 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}