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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Today, we take our first look at The Toro Company, a provider of outdoor products both to Residential and Professional segments. The company delivered more than solid results in 2022, but the equity's valuation looks stretched, and growth is slowing significantly. What's ahead for The Toro Company in 2023? An investment analysis follows in the paragraphs below.

The Toro Company: Growth Challenges Ahead

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company to report fiscal 2023 second quarter results on Thursday, June 8.

The Toro Company to Announce Fiscal 2023 Second Quarter Results

The Toro Company (NYSE:TTC ) Q1 2023 Earnings Conference Call March 9, 2023 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 Renee Peterson - Vice President and Chief Financial Officer Angie Drake - Vice President, Finance Conference Call Participants Sam Darkatsh - Raymond James Tim Wojs - RW Baird David MacGregor - Longbow Research Eric Bosshard - Cleveland Research Operator Good day ladies and gentlemen, and welcome to The Toro Company's First Quarter Earnings Conference Call. My name is Jonathan, and I will be your coordinator for today.

The Toro Company (TTC) Q1 2023 Earnings Call Transcript

Toro (TTC) delivered earnings and revenue surprises of 7.69% and 1.30%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

Toro (TTC) Q1 Earnings Beat Estimates

Toro Co. stock TTC, +0.04% rose 0.7% in premarket trades after the lawn mower company posted stronger-than-expected first-quarter profit. Toro said its first-quarter profit rose to $106.86 million, or $1.01 a share, from $69.51 million, or 66 cents a share, in the year-ago quarter.

Toro stock rises as adjusted profit beats Wall Street estimates

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company reports record results for the first quarter of fiscal 2023.

The Toro Company Reports Record Results for the First-Quarter of Fiscal 2023

Andersons

Bunge Global SA

CF Industries Holdings

Deere & Company

Nutrien

With myriad chokepoints weighing on food-related commodities, agriculture stocks to buy may rise in demand. Fundamentally, the needs associated with the agricultural industry largely benefit from inelasticity.

7 Agriculture Stocks That Can Ride Out Market Volatility

BJ`s Wholesale Club Holdings Inc

Campbell Soup

CrowdStrike

Dick's Sporting Goods

DocuSign

MongoDB

Vail Resorts

Ulta Beauty

We are now nearing the end of the Q4 2022 earnings season reporting.

10 Biggest Companies Reporting Earnings in the Second Week of March 2023

Renee J. Peterson to Retire as The Toro Company's Chief Financial Officer

BLOOMINGTON, Minn.--( BUSINESS WIRE )--The Toro Company (NYSE: TTC) announced today that it will release its fiscal 2023 first quarter results on Thursday, March 9, at approximately 7:30 a.m. CST. The full text of The Toro Company's earnings release will be available at that time at www.thetorocompany.com/invest. The company also will hold an earnings conference call at 10 a.m. CST that day.

The Toro Company to Announce Fiscal 2023 First Quarter Results

BLOOMINGTON, Minn.--( BUSINESS WIRE )--Continuing a long-standing commitment to furthering education and advancing diversity in our industries, The Toro Company is joining with the Atlanta University Center Consortium (AUCC) and its Dual Degree Engineering Program (DDEP) to expand opportunities for Black students to pursue careers in engineering.

The Toro Company Announces Five-Year Commitment to The Atlanta University Center Consortium's Dual Degree Engineering Program

The Toro Company TTC shares are trading slightly higher today following an upgrade from Raymond James.

What's Going On With The Toro Company's Shares Today? - Toro (NYSE:TTC)

Agilent Technologies

Ares Commercial Real Estate

American Tower

Alexandria Real Estate Equities

Axis Capital

Balchem

Franklin Resources

CubeSmart

Edison

Ensign Group

Four Corners Property Trust

Hingham Institution for Savings

Lincoln Electric Hlds

McCormick

Nucor

Realty Income Corp

Raymond James

ServisFirst Bancshares

Stryker

Washington Trust Bancorp

W. P. Carey

York Water

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 8% and a median increase of 5.4%.

25 Upcoming Dividend Increases To Finish 2022

The Toro Company (NYSE:TTC ) Q4 2022 Earnings Conference Call December 21, 2022 11:00 AM ET Company Participants Julie Kerekes - Investor Relations Richard Olson - Chairman, President and Chief Executive Officer Renee Peterson - Vice President and Chief Financial Officer Angela Drake - Vice President of Finance Conference Call Participants Thomas Hayes - Northcoast Research Partners LLC Samuel Darkatsh - Raymond James & Associates, Inc. Timothy Wojs - Robert W. Baird & Co. Eric Bosshard - Cleveland Research Company LLC David MacGregor - Longbow Research LLC Operator Good day, ladies and gentlemen, and welcome to The Toro Company's Fourth Quarter and Full-Year Fiscal 2022 Earnings Conference Call.

The Toro Company (TTC) Q4 2022 Earnings Call Transcript

Toro (TTC) delivered earnings and revenue surprises of 0% and 1.35%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

Toro (TTC) Meets Q4 Earnings Estimates

Toro Co. TTC, +0.96% said Wednesday its fourth-quarter net income nearly doubled to $117.6 million, or $1.12 a share, from $60.1 million, or 56 cents a share, in the year-ago quarter. Adjusted profit at the lawn mower maker rose to $1.11 a share from 56 cents a share.

Toro Co. profit nearly doubles and adjusted earnings beat target, but revenue falls slightly short

BLOOMINGTON, Minn.--( BUSINESS WIRE )--The Toro Company (NYSE: TTC) today reported results for its fiscal fourth-quarter ended October 31, 2022.

The Toro Company Reports Record Results for the Fourth-Quarter and Full-Year Fiscal 2022

Amgen

Lamb Weston Hlds

Quanta Services

Investors may keep a tab on LW, NUE, PWRr, TTC, and AMGN which have lately hiked their dividend payments to reward investors.

5 Stocks to Watch on Dividend Hikes Before 2022 Wraps Up

Cintas Corp

FactSet Research Systems

FedEx

General Mills

HEICO

CarMax

Micron Technology

NIKE

Paychex

Traders anxiously wait for the earnings season to make quick gains from the stock price movement, both before and after the earnings announcement.

These Are 10 Big Companies Reporting Earnings Next Week

BLOOMINGTON, Minn.--( BUSINESS WIRE )--The Toro Company (NYSE: TTC) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.34 per share, an increase of 13 percent over the previous $0.30 per share. This marks the 14th consecutive year that the company has increased its dividend. This dividend is payable on January 11, 2023, to shareholders of record at the close of business on December 28, 2022.

The Toro Company Increases Regular Quarterly Cash Dividend by 13 Percent

Casey's General Stores

Polaris

These stocks don't officially make the cut, but they may have everything you're looking for in a dividend investment.

3 Top Stocks Dividend Aristocrat Investors Are Missing Out On

Growth stock Toro formed a four-weeks-tight pattern after breaking out, a bullish sign. The post After Mowing Down Buy Point, Toro Sets Up Bullish Pattern Ahead Of Earnings appeared first on Investor's Business Daily.

After Mowing Down Buy Point, Toro Sets Up Bullish Pattern Ahead Of Earnings

BLOOMINGTON, Minn.--( BUSINESS WIRE )--The Toro Company (NYSE: TTC) announced today that it will release its fiscal 2022 fourth quarter and full-year results on Wednesday, December 21, at approximately 7:30 a.m. CST. The full text of The Toro Company's earnings release will be available at that time at www.thetorocompany.com/invest. The company also will hold an earnings conference call at 10 a.m. CST that day.

The Toro Company to Announce Fiscal 2022 Full-Year Results

The Toro Company to Present at the Baird 52nd Annual Global Industrial Conference

WASHINGTON--(BUSINESS WIRE)--The Toro Company recognized by EPA with WaterSense Excellence Award for efforts in promoting water efficiency and conservation.

The Toro Company Recognized by EPA with WaterSense® Excellence Award

News for Toro Stock (TTC)