10-Q quarterly report · filed Mar 2, 2016

Toro Co (TTC) Q1 2016 10-Q Quarterly Report

Short answer

Toro Co (TTC) filed its Q1 2016 10-Q quarterly report on Mar 2, 2016 for the quarter ended Jan 29, 2016.

Toro Co Q1 2016 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $486.4M, up 2.6% YoY from $474.2M
  • Gross margin 37.6% vs 35.6%; operating margin 11.1% vs 9.4%
  • Best segment Residential sales $144.3M, up 7.1%; Professional sales $338.8M, down 0.3%
  • Operating cash flow $1.2M vs $(23.4)M YoY; dividend increased to $0.30 per share
  • Headwinds: weak snowfall, unfavorable currency, higher inventory, international sales down 11.0%

Risk Factors

  • No material changes to previously disclosed risk factors
  • Global market exposure remains a significant carried-forward risk
  • Business-specific risks could materially affect operating results
  • Forward-looking statements remain subject to actual results differing materially

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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