10-Q quarterly report · filed Aug 31, 2016

Toro Co (TTC) Q3 2016 10-Q Quarterly Report

Short answer

Toro Co (TTC) filed its Q3 2016 10-Q quarterly report on Aug 31, 2016 for the quarter ended Jul 29, 2016.

Toro Co Q3 2016 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Third-quarter revenue $601.0M, down 1.4% YoY from $609.6M
  • Gross margin 36.0% vs 35.5%; operating margin 13.6% vs 13.0% YoY
  • Professional strongest: sales $427.8M, up 1.4%; operating margin 20.8% vs 19.5%
  • Residential weakest: sales $167.8M, down 4.6%; operating margin 7.6% vs 11.7%
  • Nine-month operating cash flow up $120.9M, or 72.0%; fiscal 2016 capital expenditures expected at approximately $60M
  • Outlook: slightly lower commodity costs anticipated; headwinds from weather, foreign exchange and residential demand

Risk Factors

  • Risk Factors section absent from provided text, preventing identification of new or changed risks since fiscal 2015 Form 10-K
  • No regulatory, legal, operational, competitive, market, liquidity, debt, currency, or concentration risk details provided

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

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