The Toro Company Reports Results for the First Quarter of Fiscal 2024
Residential segment net sales for the first quarter were $240.1 million, down 9.3% from $264.6 million in the same period last year.
- Residential segment net sales for the first quarter were $240.1 million, down 9.3% from $264.6 million in the same period last year.
- SG&A expense as a percentage of net sales for the first quarter was 25.6%, compared with 22.6% in the prior-year period.
- The reported effective tax rate for the first quarter was 19.0%, compared with 18.6% in the same prior year period.
- The Toro Company will conduct its earnings call and webcast for investors beginning at 10:00 a.m. CST on March 7, 2024.