09:15 AM EST, 03/07/2024 (MT Newswires) -- Toro (TTC) reported fiscal Q1 adjusted earnings Thursday of $0.64 per diluted share, down from $0.98 a year earlier.

Analysts polled by Capital IQ expected $0.66.

Net sales for the fiscal quarter ended Feb. 2 were $1 billion, down from $1.15 billion a year earlier.

Analysts polled by Capital IQ expected $1 billion.

For fiscal 2024, the turf maintenance company said it continues to expect adjusted earnings of $4.25 to $4.35 per diluted share. Analysts polled by Capital IQ expect $4.29. Net sales for the fiscal year are expected to grow in the low-single-digits range, according to the company.

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