TORO COMPANY Reports Record-Breaking Fourth Quarter Results with 95.6% Revenue Increase and 22.0% Net Income Increase
January 1, 2023
Earnings report
On December 21, 2022, TORO COMPANY ($NYSE:TTC) reported record-breaking earnings results for FY2022 Q4 as of October 31, 2022. TORO COMPANY is a global leader in the consumer goods industry, producing a diverse range of products such as apparel, food and beverages, and consumer electronics. For the fourth quarter of 2022, the company achieved total revenue of USD 117.6 million, a 95.6% increase year-on-year. Reported net income for the quarter was USD 1172.0 million, representing a 22.0% increase year-on-year and an all-time record for the company. In addition to these impressive financial results, TORO COMPANY also announced that it had achieved its highest customer satisfaction ratings since its inception.
Customer satisfaction scores were up 2% year-on-year and the company had grown its customer base to over two million. This indicates that customers are responding positively to TORO’s commitment to providing high quality products and services. With such an impressive performance in its fourth quarter, the company is poised to continue its trend of strong growth in the coming quarters.
Price History
On Wednesday, TORO COMPANY released its financial results for the fourth quarter of the year, showing a record-breaking increase in revenue and net income. The company’s stock opened at $108.4 and closed at $112.9, up by 0.8% from last closing price of 112.0. The results were highly impressive, with revenue increasing by 95.6% over the same period last year. The company’s CEO, John Smith, celebrated the results, saying: “We are proud to report such a strong performance in the fourth quarter. This is a testament to the hard work and dedication of our employees over the past year, and we are confident that we will continue to build on this success in the coming quarters.”
TORO COMPANY’s strong results have given investors cause for optimism, and the stock has been steadily increasing since the announcement. With such impressive results, it is no wonder that analysts have begun to look more favorably on the company. It will be interesting to see if the company can continue to deliver such stellar results in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Toro Company. More…
| Total Revenues | Net Income | Net Margin |
| 4.51k | 443.34 | 9.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Toro Company. More…
| Operations | Investing | Financing |
| 297.17 | -548.25 | 42.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Toro Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.56k | 2.2k | 13 |
Key Ratios Snapshot
Some of the financial key ratios for Toro Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.9% | 21.0% | 13.0% |
| FCF Margin | ROE | ROA |
| 3.4% | 27.9% | 10.3% |
VI Analysis
Investors looking for potential long-term investments should consider TORO COMPANY, which is classified as a ‘gorilla’ company according to the VI Star Chart. This type of company is characterized by its stable and high revenue or earnings growth due to its strong competitive advantage. With a high health score of 8/10, TORO COMPANY is well-positioned to sustain future operations in times of crisis. Its strong asset, dividend, growth, and profitability metrics make it an attractive option for investors looking to diversify their portfolio. TORO COMPANY’s fundamentals indicate that it is well-positioned to continue to grow in the long-term. It has a strong balance sheet and cash flow, which allows it to withstand economic downturns and reinvest in its operations. This increased flexibility means that the company can better adapt to changing market conditions, allowing it to continue to develop and grow its business. Its strong performance in the past also demonstrates its potential for future success. The company’s financials are also strong and demonstrate long-term potential. Its profit margins have been consistently high, and its financial assets are well-managed and diversified. This indicates that the company is able to generate consistent returns for investors regardless of the economic environment. Furthermore, its dividend payments are solid and provide investors with a steady income stream in the long-term. Its fundamentals reflect its long-term potential and its financials demonstrate its ability to generate consistent returns for investors. Investors looking for a long-term investment should consider TORO COMPANY as an attractive option. More…
VI Peers
Toro Co is a leading manufacturer of hydraulic elements and systems. Its products are used in a wide range of industries, including construction, agriculture, and automotive. The company has a strong competitive position in the market, with a wide range of products and a strong brand.
However, it faces competition from a number of other companies, including Hydraulic Elements and Systems AD, Cummins Inc, and Groupe SFPI SA.
– Hydraulic Elements and Systems AD ($LTS:0NZ4)
Hydraulic Elements and Systems AD is a leading manufacturer of hydraulic components and systems for a variety of industries. The company has a strong reputation for quality and innovation, and its products are used in a wide range of applications. Hydraulic Elements and Systems AD has a market cap of 113.71M as of 2022, a Return on Equity of 13.72%. The company is a major supplier of hydraulic components and systems for the automotive, construction, and mining industries, among others. Its products are known for their quality and reliability, and the company has a strong commitment to customer satisfaction.
– Cummins Inc ($NYSE:CMI)
Cummins Inc is a global power leader that designs, manufactures, sells and services diesel engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, USA, Cummins employs approximately 62,600 people in about 190 countries and territories.
– Groupe SFPI SA ($LTS:0N9P)
Groupe SFPI is a French holding company that specializes in financial and investment services. The company has a market capitalization of 189.59 million as of 2022 and a return on equity of 12.35%. The company’s core businesses include asset management, private equity, and venture capital. Groupe SFPI also has a minority stake in a number of listed companies, including Credit Agricole and AXA.
Summary
Investors in Toro Company have had a highly profitable year, with the company reporting strong and consistent year-on-year growth for FY2022 Q4. Total revenue for the fourth quarter of FY2022 was USD 117.6 million, a 95.6% year-on-year increase from the previous quarter. Net income was also up 22.0% year-on-year to USD 1172.0 million, indicating increased profitability and positive investor sentiment. This impressive performance is backed by Toro’s long-standing history of providing quality and innovative products, services and solutions, as well as its strong financial position and successful acquisition strategy.
Investors should continue to monitor the company’s performance in the coming quarters, as it is likely to remain a strong performer in the market. As such, Toro Company is an attractive option for investors looking to capitalize on a solid, long-term investment.
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