TORO CO
For the period ended May 3, 2024. Filed Jun 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 3, 2024 · Filed Jun 6, 2024
TTC$106.85-1.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Earnings (Unaudited)
(Dollars and shares in millions, except per share data)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| May 3, 2024 | May 5, 2023 | May 3, 2024 | May 5, 2023 | |
| Net sales | $1,349.0 | $1,339.3 | $2,350.9 | $2,488.2 |
| Cost of sales | 896.0 | 859.6 | 1,553.4 | 1,612.6 |
| Gross profit | 453.0 | 479.7 | 797.5 | 875.6 |
| Selling, general and administrative expense | 265.4 | 260.9 | 521.3 | 520.4 |
| Operating earnings | 187.6 | 218.8 | 276.2 | 355.2 |
| Interest expense | (16.7) | (14.7) | (32.9) | (28.8) |
| Other income, net | 8.3 | 6.7 | 16.0 | 15.7 |
| Earnings before income taxes | 179.2 | 210.8 | 259.3 | 342.1 |
| Provision for income taxes | 34.4 | 43.3 | 49.6 | 67.8 |
| Net earnings | $144.8 | $167.5 | $209.7 | $274.3 |
| Basic net earnings per share of common stock | $1.39 | $1.60 | $2.01 | $2.62 |
| Diluted net earnings per share of common stock | $1.38 | $1.59 | $2.00 | $2.60 |
| Weighted-average number of shares of common stock outstanding — Basic | 104.4 | 104.7 | 104.4 | 104.6 |
| Weighted-average number of shares of common stock outstanding — Diluted | 104.9 | 105.6 | 104.9 | 105.6 |
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