Toro

The Toro Co. is in the business of designing, manufacturing, marketing, and selling professional turf maintenance equipment and services. It operates through the following segments: Professional and Residential. The Professional segment consists of turf and landscape equipment, rental, specialty, and underground construction equipment, snow & ice management equipment, and irrigation and lighting products. The Residential segment includes walk power mowers, zero-turn riding mowers, snow throwers, replacement parts, and home solutions products, including grass trimmers, hedge trimmers, leaf blowers, blower-vacuums, chainsaws, string trimmers, and underground, hose, and hose-end retail irrigation products sold in Australia and New Zealand. The company was founded by John Samuel Clapper and Henry Clay McCartney on July 10, 1914, and is headquartered in Bloomington, MN.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Toro (TTC) reports record Q1 earnings, anticipates sustained growth

Toro's Q1 2023 performance reflects robust growth driven by innovative products and strong demand in key markets. Despite supply chain challenges and weather-related impacts, the company remains optimistic about margin improvement and sustained profitability. Strategic investments in alternative solutions and a diversified market presence position Toro well for future growth and resilience.

Toro reports record Q2 results, eyes margin improvement and acquisitions

Toro (TTC) delivered record Q2 results driven by the professional segment, while facing challenges in the residential segment due to weather and macroeconomic factors.
Strong order backlog in construction and golf products, along with a focus on margin improvement and battery products, present growth opportunities.
Revised full-year guidance, inventory management strategies, and acquisition plans position Toro for continued performance and strategic growth.

Toro (TTC) faces Q3 challenges but eyes growth opportunities

Toro's Q3 performance was impacted by reduced demand for lawn care products, leading to lower net sales and adjusted EPS, with challenges in the residential segment.
Despite the setbacks, Toro highlighted strengths in the professional segments, a strategic partnership with Lowe's, and improvements in the supply chain.
Opportunities lie in leveraging the Lowe's partnership, normalizing inventory levels, and addressing back orders to drive future growth and operational efficiency.

Toro Company reports steady Q4 performance and outlines growth strategies

Toro Company's Q4 performance met expectations, with a focus on professional segment growth and cost-saving initiatives. Challenges include elevated inventories and manufacturing variances, offset by positive signs in rental and retail sectors.
Fiscal 2024 outlook includes growth opportunities in the professional segment and a focus on cost improvements. The company aims to drive productivity and innovation through strategic initiatives and market-based pricing.

Toro (TTC) reports resilient Q1 results and optimistic growth outlook

Toro's Q1 performance reflected solid results amidst challenges, with a strategic focus on innovation and market leadership. The company remains optimistic about growth opportunities in key end markets and cost-saving initiatives.

Toro reports record Q2 sales, focuses on inventory optimization

Toro Company's Q2 performance reflects record net sales driven by residential segment growth, with adjusted diluted earnings per share at $1.40. The company is focused on reducing field inventories and normalizing inventory levels to align with consumer demand.
Despite challenges in certain mower categories and one-time implementation costs, Toro remains optimistic about continued growth. Strategic initiatives like AMP and reinvestment plans from cost savings position Toro for future success.
Opportunities lie in continued growth in underground construction and golf markets, with a focus on innovation and productivity gains. Toro's strong retail sales growth and positive outlook indicate a promising future for the company.

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The Toro Co. engages in the provision of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. It operates through the following segments: Professional, Residential, and Other. The Professional segment includes designing professional turf maintenance, landscape and lighting, rental, specialty, and underground construction, snow and ice management, and agricultural products. The Residential segment is involved in marketing and selling products to homeowners through a variety of distribution channels including outdoor power equipment distributors and dealers, mass retailers, hardware retailers, home centers, and online and direct to end-users. The Other segment focuses on its wholly owned domestic distribution company, certain corporate activities, and the elimination of intersegment revenues and expenses. The company was founded by John Samuel Clapper and Henry Clay McCartney on July 10, 1914 and is headquartered in Bloomington, MN.

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company to Announce Fiscal 2024 Full-Year Results.

The Toro Company to Announce Fiscal 2024 Full-Year Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company to Present at the Baird 2024 Global Industrial Conference.

The Toro Company to Present at the Baird 2024 Global Industrial Conference

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share.

The Toro Company Declares Regular Quarterly Cash Dividend

The Toro Company has a long history of attractive growth and a shareholder friendly policy. Since inception, it has grown by nearly 8,500% or at a CAGR of 13.7%. An improvement in the FCF/share figure has triggered a Strong Buy rating from our valuation model. Recently there has been some stagnation in Toro's top-line revenue growth and ROIC, adding a "cautious" opinion to our Strong Buy rating.

High Quality Dividend Stock Universe: The Toro Company, Greener Grass Ahead

Toro's stock remains in the $80-100 range due to unimpressive earnings and lowered guidance, with negligible growth expected in the near term. The company is making progress in dealer channel destocking and improving free cash flow, enabling debt reduction and share buybacks. Despite a slight improvement in 3Q EPS, Toro's FY 2024 guidance was revised down, with minimal sales growth and slightly lower operating margins expected.

Toro: Like Watching Grass Grow

The Toro Company (NYSE:TTC ) Q3 2024 Results Conference Call September 5, 2024 11:00 AM ET Company Participants Julie Kerekes - Treasurer and Senior Managing Director of Global Tax and Investor Relations Rick Olson - Chairman and Chief Executive Officer Angie Drake - Vice President and Chief Financial Officer Jeremy Steffan - Director of Investor Relations Conference Call Participants Tim Wojs - Baird Samuel Darkatsh - Raymond James Michael Shlisky - D.A. Davidson & Company David MacGregor - Longbow Research Eric Bosshard - Cleveland Research Company Ted Jackson - Northland Capital Markets Operator Good day, ladies and gentlemen, and welcome to The Toro Company's Third Quarter Earnings Conference Call.

The Toro Company (TTC) Q3 2024 Earnings Call Transcript

Weakness in residential lawn care dragged Toro's quarterly results down. The company is seeing strength in its professional segments.

Why Toro Shares Are Down This Week

Net sales increased by 6.9% to $1.156 billion. Adjusted diluted EPS rose 24.2% to $1.18.

Toro's Earnings Rise in Fiscal Q3, but Professional Sales Dip

Toro Company (TTC) shares sank Thursday as the manufacturer of lawn mowers and snowblowers reported worse-than-expected results and guidance on falling demand for its products amid what Chief Executive Officer (CEO) Richard Olson called a "very dynamic environment."

Lawn Mower Maker Toro Stock Sinks on Weaker-Than-Expected Results, Outlook

Toro (TTC) came out with quarterly earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $0.95 per share a year ago.

Toro (TTC) Q3 Earnings and Revenues Miss Estimates

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company reported results for the third quarter of fiscal 2024. Growth driven by residential, golf and grounds, and underground construction.

The Toro Company Reports Results for the Third Quarter of Fiscal 2024

Dublin, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The "Precision Irrigation Market Report, Forecast by Type, Crop Type, Application, Countries and Company Analysis 2024-2032" report has been added to ResearchAndMarkets.com's offering. The precision irrigation market around the world is expected to reach U $ 14.89 billion by 2032 up from US$ 6.53 billion in 2023, with a CAGR of 9.60% between year 2024 to 2032

Precision Irrigation Industry Research Report 2024-2032 with Company Analysis of Jain Irrigation Systems, Lindsay, The Toro Co, and Valmont

Toro (TTC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Toro (TTC) Earnings Expected to Grow: Should You Buy?

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) announced today that it will release its fiscal 2024 third quarter results on Thursday, September 5.

The Toro Company to Announce Fiscal 2024 Third Quarter Results

NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) --  Pomerantz LLP is investigating claims on behalf of investors of The Toro Company (“Toro” or the “Company”) (NYSE: TTC).   Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com  or 646-581-9980, ext. 7980.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Toro Company - TTC

NEW YORK , July 24, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of The Toro Company ("Toro" or the "Company") (NYSE: TTC). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Toro Company - TTC

Toro (TTC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Toro (TTC) Upgraded to Buy: What Does It Mean for the Stock?

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company Announces the Sale of its Australia-Based Residential Pope Products Business.

The Toro Company Announces the Sale of its Australia-Based Residential Pope Products Business

Griffon

NEW YORK--(BUSINESS WIRE)--Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) announced that its subsidiary, The AMES Companies, Inc., (“AMES”) acquired Pope, a leading Australian provider of residential watering products, from The Toro Company (NYSE:TTC). This is AMES's seventh acquisition in Australia since 2013, and further expands AMES's product portfolio in the Australian market. Pope is expected to contribute approximately $25 million in annualized revenue and be accretive to Gr.

Griffon Corporation Announces the Acquisition of Pope by AMES Australasia

NEW YORK, NY / ACCESSWIRE / June 18, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Toro Company ("Toro" or "the Company") (NYSE:TTC). Investors who purchased Toro securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TTC.

The Toro Company (TTC) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

NEW YORK CITY, NY / ACCESSWIRE / June 13, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Toro Company ("Toro" or "the Company") (NYSE:TTC). Investors who purchased Toro securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TTC.

IMMINENT TTC DEADLINE to Join the Class Action Lawsuit for Toro Company: Bronstein, Gewirtz and Grossman, LLC Reminds Investors of Last Few Hours!

NEW YORK CITY, NY / ACCESSWIRE / June 12, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Toro Company ("Toro" or "the Company") (NYSE:TTC). Investors who purchased Toro securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TTC.

TTC SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Reminds Toro Company Investors to Join the Class Action Lawsuit!

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC), a leading global provider of solutions for the outdoor environment, today released its 2023 Sustainability Impact Report.

The Toro Company Releases 2023 Sustainability Impact Report

The Toro Company (NYSE:TTC ) Q2 2024 Earnings Call Transcript June 6, 2024 11:00 AM ET Company Participants Julie Kerekes - Senior MD of Global Tax and IR Rick Olson - Chairman and CEO Angie Drake - VP and CFO Conference Call Participants Samuel Darkatsh - Raymond James David MacGregor - Longbow Research Ted Jackson - Northland Securities Eric Bosshard - Cleveland Research Tom Hayes - CL King Operator Good day, ladies and gentlemen, and welcome to The Toro Company's Second Quarter Earnings Conference Call. My name is Carmen, and I will be your coordinator for today.

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