Snow may be tiresome for many, but it means profits for Toro

Patrick Kennedy, Star Tribune (Minneapolis) on

Published in Weather News

Heavy snow in some regions of the U.S. helped boost sales for Toro Co., which makes snowblowers.

The snow helped boost the company's quarterly sales by 10 percent.

The Bloomington, Minn.-based company said its $603 million in sales for its first quarter, which ended Feb. 1, were partly achieved by shipping strategies that moved snowblowers to regions where retail demand was higher.

Toro profit for the quarter was up 16 percent, to $59.5 million.

The company also said it hopes the snow will have an effect through the spring. It predicted that landscapers and small contractors that picked up additional revenue from plowing snow will have more money for spring spending.


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