Toro stocks up for a hot summer

China 2870 Earnings 644 Industrials - Capital Goods 553 Quote Watch 414 U.S. 5146

Outdoor tools maker The Toro Company reported FQ2’21 (to April 30) revenues which climbed 23.6% year over year due to “robust broad-based demand” across the firm’s professional and residential products according to CEO Richard Olson. The firm has also had to deal with “escalating supply chain and inflation challenges”. The rapid rate of growth can be seen in U.S. seaborne imports linked to the firm which rose by 160.7% year over year in the three months to April 30. As well as raising prices the firm is looking to offset cost inflation via efficiency programs. That may be driving a shift...

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