Toro Company sees FY24 adjusted EPS $4.25-$4.35, consensus $4.30

The company said, “For fiscal 2024, management expects low-single-digit total company net sales growth and *adjusted diluted EPS1 in the range of $4.25 to $4.35. The company’s guidance is based on current visibility and reflects expectations for continued strong demand and more stable supply for businesses with elevated order backlog, the continuation of macro factors that have driven increased consumer and channel caution, and manufacturing inefficiencies as production and inventory levels continue to be adjusted to market conditions. This guidance also considers the below-average snowfall activity fiscal year-to-date, assumes more typical weather patterns for the upcoming spring and summer seasons, and includes the expected incremental impact of an expanded residential segment mass channel.”