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.

With the acquisition of the Intimidator Group, the company is now a market leader in the zero-turn mowers space. As supply chain constraints eases, higher priced backlog conversion should accelerate its revenue growth.

The Toro Company's Growth Prospects Look Compelling

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The Toro Company blew earnings out of the water in Q3.

A Screaming Buy After Earnings

The Toro Company (NYSE:TTC ) Q3 2022 Earnings Conference Call September 1, 2022 11:00 AM ET Company Participants Julie Kerekes - Investor Relations Rick Olson - Chairman and Chief Executive Officer Renee Peterson - Vice President and Chief Financial Officer Conference Call Participants David MacGregor - Longbow Research Eric Bosshard - Cleveland Research Timothy Wojs - Baird Tom Hayes - Northcoast Research Operator Good day, ladies and gentlemen and welcome to the Toro Company's Third Quarter Earnings Conference Call. My name is Latif and I will be your coordinator for today.

The Toro Company (TTC) Q3 2022 Earnings Call Transcript

Toro (TTC) delivered earnings and revenue surprises of 5.31% and 1.98%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?

Toro (TTC) Beats Q3 Earnings Estimates

Shares of Toro Co. TTC, -1.09% fell 0.5% in premarket trading Thursday, after the maker of lawn care equipment reported fiscal third-quarter profit that beat expectations but sales that came up a bit shy, as constrained supply made it a challenge to fulfill heightened order levels. Net income for the quarter to July 29 rose to $125.2 million, or $1.19 a share, from $96.3 million, or 89 cents a share, in the year-ago period.

Toro stock slips after profit beats views but sales comes up shy, as supply constraints weigh

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) today reported results for its fiscal third-quarter ended July 29, 2022. “We delivered record results while advancing our strategic initiatives during the third quarter,” said Richard M. Olson, chairman and chief executive officer. “Our ability to achieve this performance despite the broader macro uncertainty is a testament to the strength of our portfolio, disciplined execution, and collaborative approach. Our team continued to

The Toro Company Reports Record Third-Quarter Fiscal 2022 Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) will release its fiscal 2022 third quarter results on Thursday, September 1.

The Toro Company to Announce Fiscal 2022 Third Quarter Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) today announced that Margeaux M. King has joined the company as its top human resources officer, effective August 1, 2022. King succeeds Amy E. Dahl, who continues to serve as vice president, general counsel and corporate secretary. “I am very pleased to welcome Margeaux to the company and our enterprise leadership team,” said Richard M. Olson, chairman and chief executive officer. “She is an exceptional human resources professio

New Leadership Appointment Enhances Focus on Talent Development, Employee Engagement and Strategic Organizational Design

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) is pleased to announce that Savoy Magazine has named Kevin Carpenter, vice president, global operations and integrated supply chain, to the 2022 list of Most Influential Black Executives in Corporate America. Also recognized was Jill Pemberton, chief financial officer, North America, for LVMH Moet Hennessy Louis Vuitton, who serves on the Board of Directors of The Toro Company. “Savoy is proud to present the 2022 Most Influential

Kevin Carpenter Named Among Savoy's 2022 Most Influential Black Executives in Corporate America

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company releases 2021 Sustainability Report, highlighting new sustainability goals and initiatives to drive strategic actions and impact.

The Toro Company Releases 2021 Sustainability Report

Toro (TTC) possesses solid growth attributes, which could help it handily outperform the market.

Looking for a Growth Stock? 3 Reasons Why Toro (TTC) is a Solid Choice

In the near term, the company's revenue growth is expected to be driven by a strong backlog order and higher price realization. While the cost headwinds are expected to continue, margins should improve sequentially in 2H FY22 vs. 1H FY22, and longer-term margin prospects also look good.

The Toro Company Looks Attractive At The Current Levels

IRON MOUNTAIN, Mich.--(BUSINESS WIRE)--BOSS Products, a division of The Toro Company, today announced that it has acquired the liquid deicing assets of Voigt Smith Innovation.

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Toro (TTC) could produce exceptional returns because of its solid growth attributes.

3 Reasons Why Growth Investors Shouldn't Overlook Toro (TTC)

The Toro Company (NYSE:TTC ) Q2 2022 Results Conference Call June 2, 2022 11:00 AM ET Company Participants Julie Kerekes - Treasurer and Sr. MD, Global Tax and IR Rick Olson - Chairman and CEO Renee Peterson - VP and CFO Conference Call Participants Tim Wojs - Baird Sam Darkatsh - Raymond James David MacGregor - Longbow Research Eric Bosshard - Cleveland Research Operator Ladies and gentlemen, thank you standing by and welcome to The Toro Company's Fiscal Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

The Toro Company (TTC) CEO Rick Olson on Q2 2022 Results - Earnings Call Transcript

Toro (TTC) delivered earnings and revenue surprises of -3.10% and 3.07%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

Toro (TTC) Misses Q2 Earnings and Revenue Estimates

Shares of Toro Co. TTC, -1.82% were little changed in premarket trading Thursday, after the lawn care equipment company reported fiscal second-quarter sales that missed expectations, while profit topped forecasts and the full-year outlook was raised, as supply chain challenges affected the company's ability to meet strong demand. Net earnings for the quarter to April 29 fell to $131.1 million, or $1.24 a share, from $142.2 million, or $1.31 a share, in the year-ago period.

Toro misses on sales but beats on profit, and raises full-year outlook

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company reports solid second quarter fiscal 2022 results with net sales up 8.7% year-over year to $1.25 billion.

The Toro Company Reports Solid Second-Quarter Fiscal 2022 Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company to announce fiscal 2022 second quarter results on Thursday, June 2.

The Toro Company to Announce Fiscal 2022 Second Quarter Results

The Toro Company (NYSE:TTC) is an American company that primarily manufactures lawn mowers, snow blowers, and irrigation system supplies for commercial, public, and residential uses.

Toro Company Stock Continues to Get Pummeled

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company today announced the election of Eric Hansotia and Jill Pemberton to its Board of Directors.

News for Toro Stock (TTC)