Short answer
Toro Co (TTC) filed its Q2 2018 10-Q quarterly report on Jun 6, 2018 for the quarter ended May 4, 2018.
Toro Co Q2 2018 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $875.3M, up 0.3% YoY from $872.8M
- Operating margin 19.5% vs 18.2%; net margin 15.0% vs 13.8%
- Professional strongest: sales $660.4M, up 8.1%; Residential weakest: sales $212.2M, down 17.8%
- Operating cash flow declined $29.3M; investing cash use increased $20.4M, including L.T. Rich acquisition
- Near-term headwinds: unfavorable weather, higher commodity costs, elevated inventory $53.2M, anticipated higher component costs
Risk Factors
- No material changes to 10-K risk factors, per Item 1A disclosure
- Regulatory and compliance exposure: Tax Act provisional accounting remained incomplete as of May 4, 2018
- Near-term market risk: Residential sales declined 17.8% from unfavorable spring weather
- Financial liquidity risk: $91.0 million term loan due October 2019
- Currency risk: $70.0 million forward contracts hedging foreign-exchange exposure
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Toro Co quarterly reports
- Q3 2019 10-QFiled Sep 5, 2019
- Q2 2019 10-QFiled Jun 5, 2019
- Q1 2019 10-QFiled Mar 6, 2019
- Q3 2018 10-QFiled Sep 5, 2018
- Q1 2018 10-QFiled Mar 7, 2018
- Q3 2017 10-QFiled Sep 8, 2017
- Q2 2017 10-QFiled Jun 7, 2017
- Q1 2017 10-QFiled Mar 8, 2017
- Q3 2016 10-QFiled Aug 31, 2016
- Q2 2016 10-QFiled Jun 2, 2016
- Q1 2016 10-QFiled Mar 2, 2016
- Q3 2015 10-QFiled Sep 2, 2015
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