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) 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.
The Toro Company (NYSE: TTC) has announced a quarterly cash dividend of $0.34 per share, representing a 13% increase from the previous $0.30. This marks the 14th consecutive year of dividend increases. The dividend is payable on January 11, 2023, to shareholders of record by December 28, 2022. Additionally, the Board approved a stock repurchase program allowing the buyback of up to 5 million shares.
The Toro Company (NYSE: TTC) will release its fiscal 2022 fourth quarter and full-year results on December 21 at 7:30 a.m. CST. An earnings conference call will follow at 10 a.m. CST. The earnings release and conference call will be accessible via their investor relations website. Toro is a prominent provider in outdoor solutions with $4.0 billion in sales in fiscal 2021, serving over 125 countries with brands like Toro and Ditch Witch.
The Toro Company (NYSE: TTC) will present at the Baird 52nd Annual Global Industrial Conference on November 8, 2022, at 2:45 p.m. EST. Key executives attending include Richard Olson, CEO; Renee Peterson, CFO; and Angie Drake, VP of Finance. The presentation will be available via webcast on Toro's website. A replay will also be accessible later. Toro specializes in outdoor solutions, generating $4 billion in sales in fiscal 2021, with operations in over 125 countries.
The Toro Company (NYSE: TTC) has declared a quarterly cash dividend of $0.30 per share, set to be paid on October 18, 2022. Shareholders on record by October 5, 2022 will receive this dividend. Toro is recognized as a leader in outdoor solutions, boasting sales of $4.0 billion in fiscal 2021 and serving customers in over 125 countries. The company provides innovative products for turf maintenance, construction, and irrigation.
The Toro Company (NYSE: TTC) reported a stellar third-quarter performance with net sales reaching $1.16 billion, up 18.8% year-over-year. Diluted EPS also hit a record high of $1.19, compared to $0.89 in the same quarter last year. The growth was led by strong demand in the professional segment, which saw sales of $886.2 million, a 23.3% increase. Despite challenges in fulfilling orders due to supply constraints, the company raised its full-year adjusted EPS guidance to $4.07 to $4.17.
The Toro Company (NYSE: TTC) announced its fiscal 2022 third-quarter results release on September 1 at 7:30 a.m. CDT. A conference call will follow at 10 a.m. CDT. The Toro Company is a leading provider of outdoor solutions, reporting $4.0 billion in sales for fiscal 2021, operating globally in over 125 countries. For further information and to access the earnings release, visit www.thetorocompany.com/invest.
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