Toro announces 6.8% growth over Q1
In March 2022, Toro reported its financial performance in the 2022 first quarter where the company reported growth in the period. The company reported $932.7 million in the period, which represents a 6.8% increase over fiscal 2021. Toro’s expansion was driven by its residential division, which climbed 17.3% to $255.4 million. However, its professional division is still the largest, generating $672.9 million, representing 3.5% growth.
M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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