Toro Co (TTC) Q1 2017 10-Q Quarterly Earnings

Short answer

Toro Co (TTC) filed its Q1 2017 10-Q quarterly report on Mar 8, 2017 for the quarter ended Feb 3, 2017.

AI summary of MD&A and risk factor updates

Revenue $515.8M, up 6.1% YoY from $486.4M
Net margin 8.7% vs 8.1%; operating margin 11.7% vs 11.1%
Professional strongest: sales $371.8M, up 9.7%; Residential weakest, sales $140.4M, down 2.7%
Operating cash flow up $10.9M; investing cash use up $27.2M from an acquisition
Outlook: five-percent-plus organic growth goal; commodity costs, currency, and weather headwinds cited

No material changes to 10-K risk factors, per filing
Weather variability, including climate change, could shift demand and reduce seasonal equipment sales
Regulatory compliance, including conflict-minerals rules, may increase costs and create supply-chain reputational risk
Residential segment sales declined 2.7% as zero-turn mower shipments normalized
Seasonal liquidity exposure, $338.3 million long-term debt and term loan due October 2019
Currency risk, exchange rates reduced first-quarter net sales by approximately $3.7 million

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

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