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.
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.
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.
The Toro Company (NYSE: TTC) announced the retirement of
The Toro Company (NYSE: TTC) will release its fiscal 2023 first quarter results on March 9 at 7:30 a.m. CST. The earnings release can be accessed at www.thetorocompany.com/invest. Following the release, an earnings conference call is scheduled for 10 a.m. CST. A live webcast of the call will also be available on the company's website, with a replay option for those who cannot attend. In fiscal 2022, The Toro Company reported net sales of $4.5 billion and operates in over 125 countries.
The Toro Company has announced a partnership with the Atlanta University Center Consortium to provide a
This initiative enhances opportunities through scholarships and paid internships aimed at diversifying the engineering workforce. The program aligns with Toro’s strategic commitment to Diversity, Equity, and Inclusion, aiming to increase diverse leadership in the company by 20% by fiscal 2025.
In fiscal 2022, Toro reported
The Toro Company (NYSE: TTC) reported strong financial results for fiscal year 2022, with net sales of $4.51 billion, a 14% increase year-over-year, and diluted EPS of $4.20. The fourth quarter saw net sales of $1.17 billion, up 22% from the previous year, and a reported diluted EPS of $1.12, reflecting a 100% increase. Fiscal 2023 guidance anticipates adjusted diluted EPS between $4.70 and $4.90, driven by strong demand in professional markets and expected supply chain improvements. The company emphasizes its focus on innovation and operational excellence.
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