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.

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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.

Toro (TTC) reports solid Q4 earnings, outlines growth strategies

Toro's strong financial performance in Q4 and full year, coupled with strategic initiatives, positions the company for continued success.
While facing challenges like modest growth projections and workforce reductions, Toro's focus on profitability and productivity presents opportunities for future growth.
Investors can look forward to improved margins, cost savings, and potential earnings growth, signaling a positive outlook for Toro.

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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.

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company reports record full-year fiscal 2021 results with double-digit net sales growth in both professional and residential segments.

The Toro Company Reports Record Full-Year Fiscal 2021 Results

Toro (NYSE:TTC) is set to give its latest quarterly earnings report on Wednesday, 2021-12-15. Here's what investors need to know before the announcement.

Earnings Preview For Toro

Toro (TTC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Toro (TTC) Q4 Earnings Expected to Decline

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company to announce fiscal 2021 full-year results

The Toro Company to Announce Fiscal 2021 Full-Year Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) announces new leadership appointments. Highlights commitment to operational excellence and sustainability.

The Toro Company New Leadership Appointments Highlight Commitment to Operational Excellence and Sustainability

BofA analyst Ross Gilardi downgraded Toro Co (NYSE:TTC) to Underperform from Neutral and lowered the price target to $85 (implying a downside of 10%), from $118.  Gilardi says the company faces secular challenges in its Residential segment, while the combination of soaring input costs, acute gas lawnmower engine shortages, and rising competition should result in margin headwinds going into 2022.

BofA Cuts Toro Price Target By 28%

WASHINGTON--(BUSINESS WIRE)-- #Award--The Toro Company is recognized by the EPA with the WaterSense Excellence Award for efforts in promoting water efficiency and conservation.

The Toro Company Recognized by EPA With WaterSense® Excellence Award

Toro's emphasis on technology and innovation will continue to enable long-term sustainable growth. Toro has a strong purpose statement and cultural identity that has resulted in historical S&P 500 beating total returns; this trend is projected to continue.

Toro Autonomous Technology Is Enriching Sustainable Growth

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company declares 150th consecutive quarterly cash dividend.

The Toro Company Declares 150th Consecutive Quarterly Cash Dividend

The Toro Company (TTC) CEO Rick Olson on Q3 2021 Results - Earnings Call Transcript

Toro Co (NYSE: TTC) reported third-quarter FY21 sales increased by 16.2% year-over-year to $976.84 million, beating the consensus of $937.1 million. Sales by segments: Professional $718.48 million (+15.2% Y/Y), and Residential $252.12 million (+23% Y/Y).

Toro Stock Gains On Q3 Beat, Raised FY21 Outlook

Toro (TTC) delivered earnings and revenue surprises of 21.05% and 2.83%, respectively, for the quarter ended July 2021. Do the numbers hold clues to what lies ahead for the stock?

Toro (TTC) Tops Q3 Earnings and Revenue Estimates

Shares of Toro Co. TTC, -1.33% rose 0.6% in premarket trading Thursday, after the lawn care equipment company reported fiscal third-quarter profit and sales that rose above expectations, as strength in the residential business helped offset a miss in professional, and raised its full-year outlook as strong demand was expected to offset continued supply chain, inflation and labor pressures. Net income for the quarter to July 30 rose to $96.3 million, or 89 cents a share, from $89.0 million, or 82 cents a share, in the year-ago period.

Toro stock gains after profit and revenue rise above expectations, and outlook lifted

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company reports record third quarter fiscal 2021 results on broad-based demand across Professional and Residential Segments

The Toro Company Reports Record Third-Quarter Fiscal 2021 Results

Earnings Preview: Toro (TTC) Q3 Earnings Expected to Decline

BLOOMINGTON, Minn.--(BUSINESS WIRE)---- $TTC #earnings--The Toro Company to announce fiscal 2021 third quarter results on September 2, 2021.

The Toro Company to Announce Fiscal 2021 Third Quarter Results

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Toro (TTC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About Toro (TTC) Rating Upgrade to Buy

23% CAGR free cash flow in the past 5 years shows management's commitment to growth. 24% average return on invested capital shows management is achieving growth sustainably & efficiently.

Toro: Continued Outperformance And Stability Justifies Valuation

The Toro Company has seen impressive revenue growth over the past decade, and this has accelerated over the past year. It maintains high profitability, and looking forward, Toro should see benefits from increased infrastructure spend and demand for water management.

If You Are Searching For A Fast-Grower, Then Consider Toro

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Toro (TTC) is well positioned to outperform the market, as it exhibits above-average growth in financials.

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The Toro Company's (TTC) CEO Rick Olson on Q2 2021 Results - Earnings Call Transcript

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company reports strong fiscal 2021 Q2 results driven by broad-based demand across professional and residential segments.

News for Toro Stock (TTC)