Toro posts 4Q loss but beats expectations

12/9/2009 | American City Business Journals

Outdoor maintenance-equipment manufacturer Toro Corp. said weaker sales hurt its results in the fourth quarter. The company reported a loss of $532,000 compared with a profit of $13,000 in the same period last year. The company said it experienced soft demand from golf courses, municipalities and landscape contractors. Meanwhile, company executives say demand is stabilizing. "We have taken measures to adjust our cost structure, improve our overall operating effectiveness, and will be more flexible to react to retail demand in the year ahead," added CEO Michael Hoffman.

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