BLOOMINGTON, Minn. - The Toro Company (NYSE: TTC ) reported fourth-quarter earnings and revenue that missed expectations. TTC shares plunged 7.2% Wednesday after the company issued disappointing guidance for fiscal 2025.

The outdoor equipment manufacturer posted adjusted earnings per share of $0.95 for the quarter ended October 31, missing the analyst consensus of $0.97. Revenue rose 9.4% year-over-year to $1.08 billion, slightly below estimates of $1.09 billion.

Toro's outlook for the upcoming fiscal year also fell short of Wall Street projections. The company expects full-year 2025 adjusted EPS between $4.25 and $4.40, well below the $4.58 analysts were anticipating.

"We delivered our 15th consecutive year of net sales growth in what remained an extremely dynamic environment," said Richard M. Olson, chairman and CEO. He noted strong performance in the residential segment and underground construction business.

For the full fiscal 2024 year, Toro reported net sales of $4.58 billion, up slightly from $4.55 billion in 2023. Adjusted EPS came in at $4.17, compared to $4.21 the previous year.

The company highlighted significant improvement in cash generation, which supported increased share repurchases. Free cash flow rose to over $470 million for the year.

Looking ahead, Olson expressed confidence in Toro's ability to deliver earnings growth, supported by the company's diverse portfolio and productivity initiatives. However, the weak guidance suggests challenges may persist in the near-term.

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