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 has appointed Margeaux M. King as Vice President of Human Resources, effective August 1, 2022. She replaces Amy E. Dahl, who will remain as vice president, general counsel, and corporate secretary. King brings over 15 years of experience from Ecolab, where she held various roles, ultimately leading global total rewards and talent. Her expertise includes organizational growth, employee engagement, and diversity initiatives. Toro reported $4.0 billion in sales in fiscal 2021, emphasizing its strong market presence.
The Toro Company (NYSE: TTC) announced that Kevin Carpenter, Vice President of Global Operations and Integrated Supply Chain, has been named one of the Most Influential Black Executives in Corporate America by Savoy Magazine. This recognition highlights Carpenter's leadership and contributions to the company, which reported $4.0 billion in sales in fiscal 2021. Toro's CEO, Richard Olson, commended Carpenter's impact on supply chain excellence and the strategic vision supported by board member Jill Pemberton.
BOSS Products, a division of The Toro Company (NYSE: TTC), has acquired the liquid deicing assets of Voigt Smith Innovation (VSI), enhancing its product portfolio. This strategic acquisition positions BOSS to enter the liquid deicing market, catering to snow and ice contractors. VSI is renowned for its innovative liquid deicing equipment, and its knowledgeable staff will join BOSS. This move aligns with BOSS's goals of providing quality solutions and advancing customer opportunities in liquid deicing.
The Toro Company (NYSE: TTC) reported strong second-quarter results with net sales of $1.25 billion, up 8.7% year-over-year. However, net earnings fell 7.8% to $131.1 million, with reported EPS at $1.24. The company raised its full-year guidance for fiscal 2022, expecting net sales growth of 14% to 16% and adjusted EPS between $4.00 and $4.15. Challenges include impacts from supply chain issues and increased costs. Key segments showed varying performance, with the Professional segment up 11.8% while Residential sales increased just 1.5%.
Toro has launched a new robotic mower, enhancing its commitment to tech-forward property care. This innovative, battery-powered mower features cutting-edge capabilities such as vision-based localization and wire-free navigation, making setup easy and efficient. It includes a smartphone app for customizable mowing schedules and patented Smart Zones™ for optimal lawn health. Expected to cater to the growing demand for robotic mowers over the next decade, this product exemplifies Toro's dedication to advanced, user-friendly lawn care solutions.
The Toro Company (NYSE: TTC) has declared a quarterly cash dividend of $0.30 per share, payable on July 13, 2022, to shareholders on record as of June 22, 2022. With sales reaching $4.0 billion in fiscal 2021, Toro is a key player in solutions for outdoor environments, serving over 125 countries with a diverse brand portfolio. The company focuses on turf maintenance, snow management, and utility construction, built on innovation and customer trust.
The Toro Company (NYSE: TTC) will release its fiscal 2022 Q2 results on June 2 at 7:30 a.m. CDT. A conference call will follow at 10 a.m. CDT, accessible via a live webcast. Toro, a leader in outdoor solutions with $4.0 billion in sales in fiscal 2021, operates in over 125 countries. Their product range includes turf maintenance and irrigation systems.
Investors can find the earnings release and register for the call at www.thetorocompany.com/invest.
The Toro Company (NYSE: TTC) has announced the election of Eric Hansotia and Jill Pemberton to its Board of Directors during the 2022 Annual Meeting of Shareholders. Hansotia brings extensive leadership experience from AGCO Corporation, while Pemberton offers strong financial expertise from LVMH. Their addition aims to enhance Toro's strategic vision and corporate governance, focusing on innovation and market position. Toro reported $4.0 billion in sales for fiscal 2021, emphasizing its global reach across 125 countries with a diverse brand portfolio.
The Toro Company (NYSE: TTC) announced a quarterly cash dividend of $0.30 per share, payable on April 21, 2022, to shareholders recorded by April 6, 2022. With a strong focus on outdoor solutions, Toro generated $4.0 billion in sales for fiscal 2021, serving over 125 countries. The company emphasizes innovation and customer relationships across various sectors, including turf maintenance, snow management, and irrigation.
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