The HBSDealer 10-Q Review
From April 8 (WD-40 Company) to June 5 (Toro), HBSDealer has been tracking the top and bottom lines reported by 30 publicly traded industry companies.
The results are in.
The latest earnings season ended on a low note, with Toro reporting sales and earnings declines of 2.3 percent and 5.5 percent, respectively. Those figures were similar to the median declines based on data from all 30 companies.
Toro CEO Richard M. Olson said: “While top-line growth was pressured in our residential segment, we drove continued professional segment momentum, which helped us exceed our expectations for earnings in the quarter.”
The company also lowered its full-year sales and earnings, due to "anticipated tariff impacts."
The CEO added: “We are taking decisive steps to strategically position the company to navigate near-term headwinds.”
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Compared to the previous earnings season (Jan. 10 to March 6), fewer companies reported positive sales and earnings. And the median sales and earnings figures decreased.
Jan. 10 thru March 6
Sales gainers: 14
Earnings gainers: 11
Median sales: negative 0.2 percent
Median earnings: negative 4.7 percent
April 8 thru June 5
Sales gainers: 10
Earnings gainers: 10
Median sales: negative 2.5 percent
Median earnings: negative 6.5 percent
