Toro Company revises FY25 adjusted EPS forecast to $4.15, down from $4.15-$4.30 range.
Fiscal 2025 Revenue Outlook: The company has revised its fiscal 2025 revenue expectations to the lower end of its previous guidance, projecting net sales to be flat to down 3%.
Earnings Per Share Forecast: Management anticipates adjusted diluted earnings per share to be approximately $4.15, also aligning with the lower end of prior guidance ranges.
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Douglas Dynamics Benefits from Northeast Snowfall, Projected 2026 EBITDA of $84M
- Northeast Snowfall Boost: According to D.A. Davidson, major cities in the Northeast saw approximately 6 inches of snow in December, slightly above the long-term average and three times last year's levels, providing strong support for Douglas Dynamics' sales of snowplows and de-icing equipment.
- Midwest Harsh Winter Impact: The Midwest experienced 12.8 inches of snowfall in December, the highest since 2013-14 and over three times last year's amount, further driving market demand for Douglas Dynamics' products.
- EBITDA Forecast Increase: Analysts project that normalized Attachments EBITDA for Douglas Dynamics could reach $84 million, significantly higher than the current estimate of $59 million for 2026, indicating substantial growth potential in the coming years.
- M&A Expansion Opportunities: The company is pursuing M&A expansions outside of Snow & Ice for the first time in over a decade, laying a solid foundation for future growth and enhancing its competitive position in the market.
AI Stocks Decline as Nvidia Reaches 3-Month Low: What’s Influencing Markets on Wednesday?
Tech Stock Selloff: Investors sold off tech and AI-linked stocks, leading to a significant decline in the Nasdaq 100 and semiconductor ETFs, with notable drops in companies like Nvidia and Oracle.
Sector Performance: The semiconductor sector experienced its worst stretch since April, with chipmakers falling 9% over four days, while energy stocks like the Energy Select Sector SPDR Fund showed some resilience.
Precious Metals Rally: Silver prices surged over 4%, reaching $66.50 an ounce, while gold also rose, inching closer to its October record high, indicating a shift in investor interest towards precious metals.
Market Indices Overview: Major US indices, including the Dow Jones and S&P 500, experienced slight declines, reflecting a fragile risk appetite in the market, with Bitcoin also down 1.2%.
