Toro Raises FY Outlook Following Q1 Sales Growth

Toro raised its outlook for the year after reporting higher profit and sales in its fiscal first quarter, driven by strong demand across various end markets. The company now expects sales to grow between 7% and 9%, up from its previous forecast of 6% to 8%. Toro's sales rose 8% YoY to $674.5m, while net income increased 17% to $141.3m.