TORO CO
For the period ended Oct 31, 2024. Filed Dec 18, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Dec 18, 2024
TTC$107.91+2.9%Stored close · as of Nov 9, 2026
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Consolidated Statements of Earnings
(Dollars and shares in millions, except per share data)
| Fiscal Years Ended October 31 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | $4,583.8 | $4,553.2 | $4,514.7 |
| Cost of sales | 3,034.5 | 2,975.6 | 3,010.1 |
| Gross profit | 1,549.3 | 1,577.6 | 1,504.6 |
| Selling, general and administrative expense | 1,016.0 | 995.6 | 928.9 |
| Non-cash impairment charges | — | 151.3 | — |
| Operating earnings | 533.3 | 430.7 | 575.7 |
| Interest expense | (61.9) | (58.7) | (35.7) |
| Other income, net | 41.4 | 28.5 | 12.5 |
| Earnings before income taxes | 512.8 | 400.5 | 552.5 |
| Provision for income taxes | 93.9 | 70.8 | 109.2 |
| Net earnings | $418.9 | $329.7 | $443.3 |
| Basic net earnings per share of common stock | $4.04 | $3.16 | $4.23 |
| Diluted net earnings per share of common stock | $4.01 | $3.13 | $4.20 |
| Weighted-average number of shares of common stock outstanding – Basic | 103.8 | 104.4 | 104.8 |
| Weighted-average number of shares of common stock outstanding – Diluted | 104.4 | 105.3 | 105.6 |
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