Filing Flows › Toro (TTC) › Q2 FY25
Toro (TTC) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jun 5, 2025
Toro (TTC) reported revenue of $1.3B for the second quarter fiscal 2025 (Q2 FY25), -2% from a year earlier and +32% from the quarter before. Operating margin was 13.3%, net earnings $137M (10.4% of revenue).
Toro, Q2 FY25: revenue $1.3B (-2% year over year), operating margin 13.3%, net earnings $137M, operating cash flow $172M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +32% | -2% |
| Gross profit | $437M | +30% | -4% |
| Operating profit | $175M | +125% | -7% |
| Net earnings | $137M | +159% | -6% |
| Operating cash flow | $172M | — | -24% |
| Free cash flow | $152M | — | -26% |
What changed
Revenue was $1.3B in Q2 FY25, down 2% year over year and up 32% from the previous quarter. Equipment was the largest line at 91% of revenue. Equipment lost $0.02B year over year (down 2%), 72% of the total change.
Gross margin was 33.1%, down 0.4 points from a year earlier. Operating profit was $0.17B, a 13.3% margin (down 0.6 points year over year). Operating expenses fell 1% while revenue fell 2%. Net earnings were $0.14B, down 6% year over year. The effective tax rate was 18.9%.
Operating cash flow was $0.17B (down 24% year over year), 126% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.02B left free cash flow of $0.15B.
Questions
What was Toro's revenue in the second quarter fiscal 2025?
Toro (TTC) reported revenue of $1.3B for the second quarter fiscal 2025 (Q2 FY25), -2% from a year earlier and +32% from the quarter before.
Was Toro profitable in the second quarter fiscal 2025?
Operating profit was $175M (13.3% of revenue) and net earnings $137M.
Source: Toro 10-Q on SEC EDGAR.