Business

MARKET MOVERS

Mild weather puts a crimp in Toro sales

Toro’s annual snowthrower sales fell almost 50 percent.

istockphoto.com

Toro’s annual snowthrower sales fell almost 50 percent.

Advertisement

For some, mild weather is a blessing. But for Toro Co., it hurt sales. The Minnesota company, which makes landscaping equipment, said fourth-quarter net income fell on weak preseason demand for snowthrowers. It earned $129.5 million, or $2.14 per share, for its fiscal year. A year ago, it earned $117.7 million, or $1.85 per share. Fourth-quarter earnings were about $300,000, on a net sales decrease of 7.8 percent. A year ago, it earned $5 million, or about 8 cents per share.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com