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US Toro reports USD251,000 profit in Q4, on lower sales  Join our daily free Newsletter

MENAFN - 06/12/2012

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(MENAFN) Minnesota snow removal equipment firm Toro Co. reported a decline in quarterly profit as revenue dropped largely due to soft preseason demand for snowthrowers, AP reported.

The company said it made USD251,000 net profit during its fiscal fourth quarter, down from USD5 million a year earlier.

The company also reported an 8 percent drop in quarterly revenue to USD339.3 million from USD368.1 million a year ago.

Toro made USD129.5 million net profit for the full fiscal year, up from USD117.7 million a year earlier.

Full year revenue grew by 4 percent to USD1.96 billion from USD1.88 billion a year ago.

 






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