Toro Co (TTC) Q3 2017 10-Q Quarterly Earnings

Short answer

Toro Co (TTC) filed its Q3 2017 10-Q quarterly report on Sep 8, 2017 for the quarter ended Aug 4, 2017.

AI summary of MD&A and risk factor updates

Revenue $627.9M, up 4.5% from $601.0M YoY
Net earnings $68.4M, up 22.5% YoY; net margin 10.9% vs 9.3%
Professional strongest segment: sales $468.6M, up 9.5%; Residential weakest, sales $152.1M, down 9.3%
Operating cash flow down $32.0M year-to-date; investing cash use up $26.8M due to Perrot acquisition
Outlook: fiscal 2017 tax rate below fiscal 2016; commodity prices expected slightly higher in remaining fiscal 2017

No material changes to previously disclosed risk factors from fiscal 2016 Form 10-K
Product liability litigation: punitive and compensatory damages may arise from product use
Patent litigation: active infringement cases involving competitors remain at varying stages
Seasonal operations: nine-month results cannot be annualized for fiscal 2017
Foreign currency exposure: translation adjustments affected accumulated other comprehensive loss by $13.3 million

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

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