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THE TORO COMPANY Q2 2024 EARNINGS PRESENTATION June 6, 2024
Q2 2024 EARNINGS PRESENTATION
THE TORO COMPANY 2Q2 2024 EARNINGS PRESENTATIONSafe Harbor
This presentation contains forward -looking statements, which are being made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These
forward -looking statements are based on management's current assumptions and
expectations of future events and often can be identified by words such as "believe," "forward," "future," "goal," "guidance," "improve," "may," "outlook," "plan," "should," "target" and "would," variations of such words or the negative thereof, and similar expressions or future dates. Forward -looking statements in this presentation include our
fiscal 2024 financial guidance and expectations regarding demand trends, supply chain
stabilization and AMP . Forward -looking statements involve risks and uncertainties that could
cause actual events and results to differ materially from those projected or implied. Such risks and uncertainties include: adverse worldwide economic conditions; the effect of
abnormal weather patterns; customer, government and municipal revenue, budget spending levels and cash conservation efforts; loss of any substantial customer; inventory adjustments or changes in purchasing patterns by customers; fluctuations in the cost and availability of commodities, components, parts, and accessories; disruption at or in proximity to our facilities or certain third parties; risks associated with acquisitions and dispositions; impacts of ou r AMP initiative and any future restructuring activities or
productivity or cost savings initiatives; and other risks and uncertainties described in our
most recent annual report on Form 10 -K, subsequent quarterly reports on Form 10 -Q or
current reports on Form 8 -K, and other filings with the Securities and Exchange
Commission. We make no commitment to revise or update any forward- looking statements
in order to reflect events or circumstances occurring or existing after the date of this presentation.
This presentation also contains non -GAAP financial measures and more information about
our use of such non- GAAP financial measures, as well as a reconciliation of the most directly
comparable historical U.S. GAAP financial measures to the corresponding historical non -
GAAP financial measures, which can be found in our related financial filings in the section
titled “Non -GAAP Financial Measures”.
All financial results contained within this presentation are based on fiscal quarter ending May 3 figures
THE TORO COMPANY Q2 2024 EARNINGS PRESENTATION THE TORO COMPANY 3
OverviewTHE TORO COMPANY Q2 2024 EARNINGS PRESENTATION
Relationships and Our Legacy of ExcellenceOUR
the beauty, productivity
outdoor environment.
Every day. Everywhere.OUR
THE TORO COMPANY 5Q2 2024 EARNINGS PRESENTATIONQ2 2024 Key Messages
Record net sales driven by exceptional growth in Residential
segment and underground construction; significant progress
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