Toro

The Toro Co. is in the business of designing, manufacturing, marketing, and selling professional turf maintenance equipment and services. It operates through the following segments: Professional and Residential. The Professional segment consists of turf and landscape equipment, rental, specialty, and underground construction equipment, snow & ice management equipment, and irrigation and lighting products. The Residential segment includes walk power mowers, zero-turn riding mowers, snow throwers, replacement parts, and home solutions products, including grass trimmers, hedge trimmers, leaf blowers, blower-vacuums, chainsaws, string trimmers, and underground, hose, and hose-end retail irrigation products sold in Australia and New Zealand. The company was founded by John Samuel Clapper and Henry Clay McCartney on July 10, 1914, and is headquartered in Bloomington, MN.

Earnings data Q1 2021

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Toro (TTC) reports record Q1 earnings, anticipates sustained growth

Toro's Q1 2023 performance reflects robust growth driven by innovative products and strong demand in key markets. Despite supply chain challenges and weather-related impacts, the company remains optimistic about margin improvement and sustained profitability. Strategic investments in alternative solutions and a diversified market presence position Toro well for future growth and resilience.

Toro reports record Q2 results, eyes margin improvement and acquisitions

Toro (TTC) delivered record Q2 results driven by the professional segment, while facing challenges in the residential segment due to weather and macroeconomic factors.
Strong order backlog in construction and golf products, along with a focus on margin improvement and battery products, present growth opportunities.
Revised full-year guidance, inventory management strategies, and acquisition plans position Toro for continued performance and strategic growth.

Toro (TTC) faces Q3 challenges but eyes growth opportunities

Toro's Q3 performance was impacted by reduced demand for lawn care products, leading to lower net sales and adjusted EPS, with challenges in the residential segment.
Despite the setbacks, Toro highlighted strengths in the professional segments, a strategic partnership with Lowe's, and improvements in the supply chain.
Opportunities lie in leveraging the Lowe's partnership, normalizing inventory levels, and addressing back orders to drive future growth and operational efficiency.

Toro Company reports steady Q4 performance and outlines growth strategies

Toro Company's Q4 performance met expectations, with a focus on professional segment growth and cost-saving initiatives. Challenges include elevated inventories and manufacturing variances, offset by positive signs in rental and retail sectors.
Fiscal 2024 outlook includes growth opportunities in the professional segment and a focus on cost improvements. The company aims to drive productivity and innovation through strategic initiatives and market-based pricing.

Toro (TTC) reports resilient Q1 results and optimistic growth outlook

Toro's Q1 performance reflected solid results amidst challenges, with a strategic focus on innovation and market leadership. The company remains optimistic about growth opportunities in key end markets and cost-saving initiatives.

Toro reports record Q2 sales, focuses on inventory optimization

Toro Company's Q2 performance reflects record net sales driven by residential segment growth, with adjusted diluted earnings per share at $1.40. The company is focused on reducing field inventories and normalizing inventory levels to align with consumer demand.
Despite challenges in certain mower categories and one-time implementation costs, Toro remains optimistic about continued growth. Strategic initiatives like AMP and reinvestment plans from cost savings position Toro for future success.
Opportunities lie in continued growth in underground construction and golf markets, with a focus on innovation and productivity gains. Toro's strong retail sales growth and positive outlook indicate a promising future for the company.

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The Toro Co. engages in the provision of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. It operates through the following segments: Professional, Residential, and Other. The Professional segment includes designing professional turf maintenance, landscape and lighting, rental, specialty, and underground construction, snow and ice management, and agricultural products. The Residential segment is involved in marketing and selling products to homeowners through a variety of distribution channels including outdoor power equipment distributors and dealers, mass retailers, hardware retailers, home centers, and online and direct to end-users. The Other segment focuses on its wholly owned domestic distribution company, certain corporate activities, and the elimination of intersegment revenues and expenses. The company was founded by John Samuel Clapper and Henry Clay McCartney on July 10, 1914 and is headquartered in Bloomington, MN.

Toro stock dropped after a short report raised concerns about inventory buildup in the dealer channel, but rebounded after 2Q earnings. The company appears to be managing the dealer channel inventory destocking and phase-out at Home Depot with little hit to sales. Although short seller worries have been addressed, slower growth and margin pressure going forward makes TTC stock a Hold around $90.

The Toro Company Answers The Shorts, But Still Not Cheap

Toro beat top- and bottom-line estimates, though revenue was flat and earnings were down year over year. The company is dealing with difficult comparisons from last year and high inventory levels in some channels.

Why Toro Stock Is Moving Higher Today

Toro (TTC) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.58 per share a year ago.

Toro (TTC) Q2 Earnings and Revenues Beat Estimates

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company reports Q2 results for fiscal 2024. Record net sales driven by strong growth in residential segment and underground construction.

The Toro Company Reports Results for the Second Quarter of Fiscal 2024

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of The Toro Company (“Toro” or the “Company”) (NYSE: TTC). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com  or 646-581-9980, ext. 7980.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of The Toro Company – TTC

NEW YORK--(BUSINESS WIRE)---- $TTC #Investor--The law firm of Kirby McInerney LLP is investigating potential claims against The Toro Company (“Toro” or the “Company”) (NYSE: TTC). The investigation concerns whether Toro and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [Click here to learn more about the investigation] On May 21, 2024, Jehoshaphat Research published a report alleging, among other things, that Toro “has borrowed revenues a.

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against The Toro Company (TTC)

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of The Toro Company (“Toro” or the “Company”) (NYSE: TTC) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Toro investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of The Toro Company (TTC) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of The Toro Company (“Toro” or the “Company”) (NYSE: TTC) investors concerning the Company's possible violations of federal securities laws. On May 21, 2024, Jehoshaphat Research published a report alleging, among other things, that Toro “has borrowed revenues and earnings from the future by selling excessive product into its dealer channel” and that the Company “set up a cliff” in its near-term.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of The Toro Company (TTC) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of The Toro Company (“Toro” or the “Company”) (NYSE: TTC) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On May 21, 2024, Jehoshaphat Research published a report alleging, among other things, that Toro “has borrowed revenues and earnings from the future by selling excessive product into.

The Law Offices of Frank R. Cruz Announces Investigation of The Toro Company (TTC) on Behalf of Investors

ExScientia Ltd

BOSTON--(BUSINESS WIRE)-- #FamilyBusiness--BanyanGlobal Family Business Advisors elects Ben Francois as managing partner, succeeding Rob Lachenauer, co-founder of the firm.

BanyanGlobal Family Business Advisors Elects Ben Francois as New Managing Partner

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) announced that it will release its fiscal 2024 second quarter results on Thursday, June 6.

The Toro Company to Announce Fiscal 2024 Second Quarter Results

The Toro Company (NYSE:TTC) Q1 2024 Earnings Conference Call March 7, 2024 11:00 AM ET

The Toro Company (TTC) Q1 2024 Earnings Call Transcript

Toro (TTC) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.98 per share a year ago.

Toro (TTC) Lags Q1 Earnings Estimates

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company reports results for the first quarter of fiscal 2024 with continued strength in demand across construction, golf and grounds markets.

The Toro Company Reports Results for the First Quarter of Fiscal 2024

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) announced today that it will release its fiscal 2024 first quarter results on Thursday, March 7, 2024.

The Toro Company to Announce Fiscal 2024 First Quarter Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company has been recognized by Fortune as one of the World's Most Admired Companies for 2024.

The Toro Company Named to Fortune's List of World's Most Admired Companies

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24 dividend increases are expected next week, including Nucor's 50th annual dividend increase. Consistently increasing dividend payouts leads to better performance for companies.

24 Upcoming Dividend Increases, Including A New Dividend King, To Finish 2023

Toro's Q4 results show that the company is managing the demand shortfall that caused an earnings miss in the prior quarter. Modest EPS growth projections for 2024 have possible upside from a stabilizing housing market and buybacks enabled by improved free cash flow. Valuation is not expensive relative to history. The stock deserves a higher multiple given management's efforts to right the ship this quarter.

Toro Has Been Cut Low Enough (Rating Upgrade)

The Toro Company (TTC) Q4 2023 Earnings Call Transcript

Toro's sales and profits are down, but not as much as expected. The company expects modest growth in the upcoming fiscal year, in part due to the launch of an important partnership.

Why Toro Stock Popped Today

Toro (TTC) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $1.11 per share a year ago.

Toro (TTC) Surpasses Q4 Earnings and Revenue Estimates

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company reports fourth-quarter and full-year fiscal 2023 results; Strength in professional segment drives full-year net sales growth.

The Toro Company Reports Fourth-Quarter and Full-Year Fiscal 2023 Financial Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company Board of Directors Increases Regular Quarterly Cash Dividend.

The Toro Company Board of Directors Increases Regular Quarterly Cash Dividend

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) today announced the election of Dianne Craig to its Board of Directors, effective January 1, 2024.

The Toro Company Elects Dianne Craig to Board of Directors

Toro likes to lean on acquisitions to find new sales growth. The company's high return on invested capital shows these purchases have been effective.

News for Toro Stock (TTC)