Second-quarter results for outdoor power equipment OEM Toro Company are expected to exceed prior guidance, with year-to-date revenue growth expected to be 6%.
Given the strong second quarter performance, Toro now anticipates earnings for fiscal 2010 to show a revenue increase of about 7%.
“We have experienced a strong start to the spring selling season and the second quarter exceeded our expectations,” stated Toro Chairman and CEO Michael J. Hoffman. "Our performance reflects solid end user demand, including for our innovative new products. We have also benefited from gross margin improvement, disciplined spending, and a leaner cost structure."
to Daily News