STOCK TITAN

Toro Company (The) - TTC STOCK NEWS

Welcome to our dedicated page for Toro Company (The) news (Ticker: TTC), a resource for investors and traders seeking the latest updates and insights on Toro Company (The) stock.

The Toro Company (NYSE: TTC) is a renowned global provider of innovative solutions for the outdoor environment. Specializing in turf, snow, and ground engaging equipment, as well as irrigation and outdoor lighting solutions, Toro has established itself as a leader in the industry. With sales reaching $2.2 billion in fiscal 2014, Toro’s influence extends to over 90 countries worldwide.

Founded on principles of innovation, trust, and integrity, Toro and its family of brands have built a legacy of excellence. The company’s products help customers maintain golf courses, landscapes, sports fields, public green spaces, commercial and residential properties, and agricultural fields.

Core Business

Toro manufactures a comprehensive range of turf maintenance and landscaping equipment. This includes reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, and underground irrigation systems. Toro is also a major producer of heavy-duty walk-behind mowers and sprinkler systems used for professional turf and landscape maintenance and construction.

Operating Segments

The company operates under two main segments: Professional and Residential. The Professional segment generates the majority of its revenue and serves predominantly professional users maintaining turfs and sports fields, such as golf courses. The Residential segment caters to homeowners with products designed for home use.

Recent Achievements and Partnerships

Toro consistently engages in projects and partnerships that drive innovation and customer satisfaction. The company is committed to providing equipment that improves the efficiency and effectiveness of outdoor maintenance. Toro’s reputation for quality and reliability is supported by its extensive network of distributors and dealers.

Financial Condition

With a strong market presence and a key revenue-generating market in the United States, Toro continues to show robust financial performance. The company’s dedication to meeting customer needs and expanding its product line ensures its ongoing success and growth in the global market.

For more detailed information about The Toro Company, its products, and latest news, visit www.toro.com.

Rhea-AI Summary
The Toro Company (NYSE: TTC) will release its fiscal 2023 third quarter results on September 7 at 7:30 a.m. CDT. The earnings conference call will be held at 10 a.m. CDT. A live webcast will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
Tags
-
Rhea-AI Summary
TTC: The Toro Company names Jason Baab Vice President, Strategy, Corporate Development and Sustainability. Baab brings extensive experience in fostering growth and innovation. His global strategy and business development expertise will enhance focus on key enablers for organic growth and future acquisitions, delivering value for customers and shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.29%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.65%
Tags
dividends
Rhea-AI Summary
The Toro Company will release its fiscal 2023 second quarter results on June 8. An earnings conference call will be held on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.58%
Tags
-
Rhea-AI Summary

The Toro Company (NYSE: TTC) has declared a regular quarterly cash dividend of $0.34 per share, payable on April 19, 2023. Shareholders on record as of April 6, 2023 will receive this dividend. Toro, a leading provider of outdoor solutions, reported $4.5 billion in net sales for fiscal 2022 and operates in over 125 countries. The company is known for its wide range of brands, including Toro, Ditch Witch, and Exmark, providing services in turf maintenance, snow management, and irrigation, among others.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.84%
Tags
dividends
-
Rhea-AI Summary

The Toro Company (NYSE: TTC) reported a strong first-quarter performance for fiscal 2023, achieving net sales of $1.15 billion, a 23% year-over-year increase. The diluted EPS rose to $1.01, up 53% year-over-year, with adjusted diluted EPS at $0.98, a 49% increase. The professional segment drove significant growth, with net sales of $880.7 million, up 30.9%, while the residential segment saw a modest 3.6% growth to $264.6 million. The company reaffirms guidance for fiscal 2023, anticipating net sales growth of 7% to 10% and adjusted diluted EPS in the range of $4.70 to $4.90.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.34%
Tags
Rhea-AI Summary

The Toro Company (NYSE: TTC) announced the retirement of Renee J. Peterson as Chief Financial Officer effective July 2023. She will be succeeded by Angela C. Drake, currently the vice president of finance, starting March 10, 2023. Peterson has contributed significantly to Toro’s financial strategy and growth since joining in 2011. Drake, who has a strong background in finance and strategic planning, is expected to continue the company's focus on financial discipline and value creation. Toro reported net sales of $4.5 billion in fiscal 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
none

FAQ

What is the current stock price of Toro Company (The) (TTC)?

The current stock price of Toro Company (The) (TTC) is $81.48 as of December 20, 2024.

What is the market cap of Toro Company (The) (TTC)?

The market cap of Toro Company (The) (TTC) is approximately 8.3B.

What products does The Toro Company manufacture?

Toro manufactures a wide range of turf maintenance and landscaping equipment, including reel and rotary riding products, walking mowers, greens rollers, turf sprayer equipment, and underground irrigation systems.

Which segments does Toro operate under?

Toro operates under two main segments: Professional and Residential. The Professional segment serves professional users, while the Residential segment caters to homeowners.

What is Toro’s market reach?

Toro’s products are available in more than 90 countries worldwide, with the United States being its key revenue-generating market.

How does Toro ensure the quality of its products?

Toro maintains quality through continuous innovation, strong customer relationships, and an extensive network of distributors and dealers.

What is Toro's core business focus?

Toro focuses on providing innovative solutions for turf, snow, and ground engaging equipment, as well as irrigation and outdoor lighting solutions.

How much did Toro earn in fiscal 2014?

Toro reported sales of $2.2 billion in fiscal 2014.

What is the legacy of The Toro Company?

Founded on innovation, trust, and integrity, Toro has built a legacy of excellence by helping customers care for various outdoor spaces.

Where can I find more information about The Toro Company?

More detailed information can be found on their official website at www.toro.com.

What types of users does Toro's Professional segment serve?

The Professional segment predominantly serves users maintaining turfs and sports fields, such as golf courses.

What kind of outdoor solutions does Toro provide?

Toro provides solutions including turf maintenance, landscaping equipment, snow plowers, ice management products, and sprinkler systems.

Toro Company (The)

NYSE:TTC

TTC Rankings

TTC Stock Data

8.29B
100.55M
0.62%
92.61%
4.91%
Tools & Accessories
Lawn & Garden Tractors & Home Lawn & Gardens Equip
Link
United States of America
BLOOMINGTON