Welcome to our dedicated page for Toro news (Ticker: TTC), a resource for investors and traders seeking the latest updates and insights on Toro stock.
Company Overview
Toro (TTC) is a global provider of innovative outdoor environment solutions, renowned for its expertise in turf maintenance, landscaping, and irrigation technologies. As a company that has developed a comprehensive range of equipment and systems, Toro addresses the evolving needs of professionals and residential users who manage golf courses, sports fields, and other expansive green spaces. The company’s approach combines deep industry knowledge with a century-old legacy of innovation and quality, making it a respected name in the outdoor equipment manufacturing sector.
Core Business Areas
Toro operates through two primary segments: Professional and Residential. The Professional segment caters to commercial and specialized maintenance of turf and landscapes using advanced reel and rotary riding equipment, precision trim cutting mowers, greens rollers, and turf sprayer systems. These products are valued for their durability, technological integration, and operational efficiency, ensuring that professionals in landscaping, sports field care, and public space maintenance receive robust solutions. Additionally, the Residential segment extends specialized outdoor equipment to homeowners and local service providers, offering user-friendly and reliable products to maintain private gardens and lawns.
Product Portfolio and Technological Innovation
The product offerings from Toro are designed to meet a wide array of outdoor maintenance demands. Their lineup includes high-performance mowers, both ride-on and walk-behind, designed for precision cutting and effective turf care. The company also manufactures underground irrigation systems and sprinkler systems that prioritize water efficiency and ease of use. In winter conditions, Toro’s snow plowers and ice management products play a crucial role in maintaining safety and functionality in outdoor spaces. The integration of advanced engineering with user-oriented design demonstrates the company’s commitment to technological innovation across every product category.
Market Position and Distribution
Toro’s solid market position is significantly strengthened by its extensive global footprint and a robust network of dealers and distributors. This allows the company to serve a diverse customer base, predominantly in the United States, but also across more than 90 countries worldwide. By emphasizing building lasting relationships based on trust and integrity, Toro has successfully maintained a high level of quality control and customer satisfaction. The company’s strategic focus on professional-grade equipment further reinforces its reputation among industry experts, setting it apart in a competitive market that demands reliability and performance.
Operational Excellence and Industry Expertise
The company is widely acknowledged for its operational excellence, which is reflected in its comprehensive product development strategy and consistent focus on improvement. Toro’s manufacturing process is underpinned by advanced quality assurance practices and continuous innovation, ensuring that every piece of equipment meets the rigorous standards expected by professional users. Furthermore, the company’s ability to adapt to varying market requirements—whether it is through enhancing irrigation technologies or optimizing turf maintenance solutions—demonstrates a robust understanding of industry dynamics and customer needs.
Competitive Landscape and Strategic Differentiation
In the crowded market of outdoor equipment, Toro distinguishes itself by its commitment to comprehensive innovation and quality. The company’s diverse product portfolio allows it to cater to niche segments while maintaining broad appeal. Competitors in the industry often specialize in single product categories, but Toro’s integrated approach across turf care, irrigation, and snow management offers customers a one-stop solution. The emphasis on both professional and residential segments further diversifies its revenue streams and reinforces its competitive advantage.
Commitment to Quality and Customer-Centric Innovations
Toro’s commitment to quality is evident in every aspect of its operations—from product research and development to its carefully structured distribution channels. The company has built its reputation on delivering reliable, efficient, and technologically advanced equipment that meets the high standards of professional landscapers and residential users alike. Its enduring focus on customer relationships and continuous product improvement establishes Toro as a trusted partner in the outdoor equipment sector, ensuring sustainable performance and lasting value.
The Toro Company (NYSE: TTC) has appointed Lori A. Riley as its new vice president of human resources, effective April 1, 2025. Riley succeeds Margeaux M. King, who departed in December 2024.
Riley joins TTC from Northern Tool + Equipment, where she served as chief people and administrative officer. Her appointment was announced by Richard M. Olson, chairman and CEO, who highlighted her extensive experience and innovative leadership style.
Throughout her career, Riley has:
- Led global corporate, technology and operations functions
- Modernized talent acquisition practices
- Enhanced employee engagement initiatives
- Demonstrated expertise in succession planning and digital transformation
Prior to Northern Tool + Equipment, Riley held positions as senior vice president of human capital at Optum and chief people officer at Rally Health. She holds multiple degrees from Northern Illinois University, including an MBA and a Master's in Education.
The Toro Company (NYSE: TTC) has announced its Board of Directors' declaration of a regular quarterly cash dividend. Shareholders will receive $0.38 per share of TTC's common stock. The dividend will be paid on April 14, 2025, to shareholders who are on record at the close of business on March 31, 2025.
The Toro Company (NYSE: TTC) reported first-quarter fiscal 2025 results, noting a slight decline in net sales to $1.0 billion from the same period in fiscal 2024. Reported diluted EPS decreased to $0.52 from $0.62, while adjusted diluted EPS increased to $0.65 from $0.64. The company maintained its full-year guidance for net sales growth of 0% to 1% and adjusted diluted EPS of $4.25 to $4.40.
Key highlights include:
- Professional segment net sales rose 1.6% to $768.8 million, driven by higher shipments of golf and grounds products and zero turn mowers.
- Residential segment net sales fell 8.0% to $221.0 million due to lower shipments of snow products and portable power products.
- Gross margin decreased to 33.7%, impacted by higher material and manufacturing costs.
- SG&A expenses increased to 25.9% of net sales.
- $100 million was returned to shareholders through share repurchases.
Despite macroeconomic uncertainties, the company remains optimistic about its market leadership and operational efficiency, supported by its AMP initiative and strong demand in key markets.
The Toro Company (NYSE: TTC) has announced a new recycling partnership with Call2Recycle, the nation's largest consumer battery stewardship and collection program. This collaborative initiative aims to advance battery recycling and drive waste reduction for high-energy batteries used in outdoor power equipment.
The program is a joint effort with the Outdoor Power Equipment Institute, the Power Tool Institute, and manufacturers including Chervon, Husqvarna, Makita, Stanley Black & Decker, STIHL, and Techtronic Industries. Through this partnership, consumers will have access to responsible end-of-life solutions for high-energy batteries exceeding 300-watt hours that power products like lawnmowers and snow blowers.
Under the new program, eligible retailers will receive safety training and recycling materials. Consumers can return end-of-life high-energy batteries to participating collection sites for proper assessment, shipping, and recycling, supporting a circular economy while protecting people, property, and the environment.
The Toro Company (NYSE: TTC) has announced it will release its fiscal 2025 first quarter results on Thursday, March 6, at approximately 7:30 a.m. CST. The company, which specializes in outdoor environment solutions, will make the full earnings release available on their investor relations website. Additionally, TTC will host an earnings conference call at 10 a.m. CST on the same day.
A live, listen-only webcast of the earnings call will be accessible through the company's investor website. Interested participants are advised to register in advance and install any required audio software. A replay of the call will be made available on the website shortly after the event concludes.
HammerHead Trenchless, a division of The Toro Company (NYSE: TTC), has acquired the assets of ProKASRO Services USA, a market leader in robotic solutions and rehabilitation equipment for underground water and wastewater infrastructure repair. Based in Centennial, Colorado, ProKASRO is known for its robotics, UV pipe lining solutions, and lateral rehabilitation technologies that enable contractors to repair underground pipelines without digging.
The acquisition expands HammerHead's product portfolio in the trenchless pipe rehabilitation and replacement market, covering both CIPP and pipe bursting markets. HammerHead will continue marketing these products under the ProKASRO USA brand name, maintaining operations in Colorado. With service facilities in both Wisconsin and Colorado, the company aims to maintain quality standards and expand customer service capabilities.
Simpson Manufacturing Co. (NYSE: SSD) has appointed Angela Drake as an independent director, effective January 1, 2025. Drake will serve on the company's Audit and Finance and Compensation and Leadership Development Committees. She brings nearly 30 years of financial and business management experience, currently serving as Chief Financial Officer at The Toro Company (NYSE: TTC) since March 2023.
Drake's extensive background includes leadership positions at The Toro Company between 2019-2023, including Vice President of Finance, Vice President of Construction, and Senior Managing Director, Integration Co-Lead. She previously served as CFO at Charles Machine Works before its acquisition by Toro. Drake is a Certified Public Accountant with a BS in Accounting from the University of Central Oklahoma and serves on the board of First Bank & Trust Company.
EMCOR Group (NYSE: EME) announced the election of Amy E. Dahl to its Board of Directors, effective December 18, 2024. Dahl, 50, currently serves as Vice President of International Business & Strategy at The Toro Company (NYSE: TTC), overseeing operations across 125+ countries. Her extensive experience spans strategic planning, legal compliance, mergers and acquisitions, and human resources.
Since joining Toro in 2007, Dahl has held various leadership positions including Vice President, General Counsel and Corporate Secretary. Prior to Toro, she practiced law specializing in securities, corporate governance, and M&A at Norton Rose Fulbright and Lathrop GPM. She holds a B.A. in Political Science from The University of Minnesota and a J.D. from The University of North Dakota School of Law.
The Toro Company (TTC) reported strong fiscal 2024 results with record full-year net sales of $4.58 billion, up from $4.55 billion in 2023. The company achieved full-year reported diluted EPS of $4.01 and adjusted diluted EPS of $4.17. Fourth-quarter performance showed significant improvement with net sales of $1.08 billion and diluted EPS of $0.87.
The company demonstrated exceptional growth in its residential segment through mass channel partnerships, particularly with Lowe's, and successful new product launches. Professional segment saw strong demand in underground construction and golf equipment. The company generated substantial free cash flow of over $470 million and returned nearly $400 million to shareholders through dividends and share repurchases.
Looking ahead, TTC provided fiscal 2025 guidance projecting net sales growth of 0% to 1% and adjusted diluted EPS between $4.25 and $4.40.
The Toro Company (NYSE: TTC) has announced a 5.6% increase in its quarterly cash dividend to $0.38 per share, up from the previous $0.36 per share. This marks the company's 16th consecutive year of dividend increases. The dividend will be paid on January 13, 2025, to shareholders of record as of December 23, 2024.
Additionally, TTC's Board of Directors has authorized a new share repurchase program for up to 4 million shares of common stock, which can be executed through open-market or private transactions.
FAQ
What is the current stock price of Toro (TTC)?
What is the market cap of Toro (TTC)?
What are Toro's primary business segments?
How does Toro generate revenue?
What products are included in Toro's portfolio?
How does Toro maintain its competitive advantage?
Who are Toro's primary customers?
How does Toro ensure the quality of its products?
What role do distributors and dealers play in Toro's business model?
How does Toro differentiate itself from competitors?
