Toro braces for inflation after steady summer

Cons. Discr. - Durables 455 Earnings 668 Quote Watch 439 U.S. 5209

Toro, a maker of lawn and garden equipment, released FQ3 earnings, reporting a 16.2% year over year increase in revenues. Panjiva data shows that imports associated with the firm increased by 77.4% year over year in the same three month period. CEO Richard Olson noted that the company was experiencing “robust demand in both our professional and residential segments” while CFO Renee Peterson noted “increasing supply chain, inflation and labor pressures.” Imports increased across the board for Toro, with the volume of imports of home equipment and hand tools increasing by 325.5% and 216.1%...

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