Toro Stock Price, News & Analysis

The Toro Company (NYSE: TTC) announced the sale of its Trencor equipment brand and the auger boring product category under the American Augers brand. The company will continue manufacturing American Augers' underground equipment including horizontal directional drills, pumps, and fluid cleaning systems at its West Salem, Ohio facility.

The strategic divestment aims to focus on core underground categories with greater growth potential, particularly in pipeline, water, and energy transmission sectors. These assets were originally acquired through the Charles Machine Works acquisition in 2019. The financial terms of the transactions were not disclosed.

The Toro Company (NYSE: TTC) has released its 2024 Sustainability Impact Report, showcasing achievements across product innovation, operational efficiency, and community investment. Key highlights include launching a nationwide Battery Recycling Program with Call2Recycle, introducing autonomous equipment like the Exmark Turf Tracer with XiQ Technology, and implementing a Zero Waste to Landfill program. The company made significant strides in sustainability through initiatives such as a composting program that diverted 34,000 lbs of organic waste, breaking ground on a new 170,000 sq-ft paint facility in Oklahoma, and conducting a Double Materiality Assessment to guide ESG strategy. TTC also strengthened its workforce development through programs like Leadership InMotion, the Supervisor Excellence Program, and partnerships with organizations like NRPA. The company was recognized by Newsweek as one of the World's Most Trustworthy Companies.

The Toro Company (NYSE: TTC) reported Q2 fiscal 2025 results with net sales of $1.32 billion, slightly down from Q2 2024. While adjusted diluted EPS increased to $1.42 from $1.40, the company faced mixed segment performance. The Professional segment showed growth with sales up 0.8% to $1.01 billion and improved profitability at 19.9% of net sales. However, the Residential segment declined 11.4% to $297.4 million with reduced earnings. Due to macroeconomic headwinds, Toro updated its fiscal 2025 guidance, now expecting total company net sales to range from flat to down 3% and adjusted diluted EPS between $4.15 to $4.30. The company maintained strong operational execution despite challenges, with gross margin at 33.1% and adjusted operating earnings at 13.7% of net sales.

The Toro Company (NYSE: TTC) has announced a quarterly cash dividend of $0.38 per share of common stock. The dividend will be paid on July 11, 2025, to shareholders who are on record as of the close of business on June 17, 2025.

The Toro Company (NYSE: TTC) has scheduled the release of its fiscal 2025 second quarter financial results for Thursday, June 5, at 7:30 a.m. CT. The company will host an earnings conference call at 10 a.m. CT on the same day. Investors and interested parties can access the earnings release through the company's investor relations website at www.thetorocompany.com/invest. A live, listen-only webcast of the conference call will be available on the same website, with a replay accessible shortly after the call concludes.

The Toro Company (NYSE: TTC) has appointed Lori A. Riley as its new vice president of human resources, effective April 1, 2025. Riley succeeds Margeaux M. King, who departed in December 2024.

Riley joins TTC from Northern Tool + Equipment, where she served as chief people and administrative officer. Her appointment was announced by Richard M. Olson, chairman and CEO, who highlighted her extensive experience and innovative leadership style.

Throughout her career, Riley has:

• Led global corporate, technology and operations functions
• Modernized talent acquisition practices
• Enhanced employee engagement initiatives
• Demonstrated expertise in succession planning and digital transformation

Prior to Northern Tool + Equipment, Riley held positions as senior vice president of human capital at Optum and chief people officer at Rally Health. She holds multiple degrees from Northern Illinois University, including an MBA and a Master's in Education.

The Toro Company (NYSE: TTC) has announced its Board of Directors' declaration of a regular quarterly cash dividend. Shareholders will receive $0.38 per share of TTC's common stock. The dividend will be paid on April 14, 2025, to shareholders who are on record at the close of business on March 31, 2025.

The Toro Company (NYSE: TTC) reported first-quarter fiscal 2025 results, noting a slight decline in net sales to $1.0 billion from the same period in fiscal 2024. Reported diluted EPS decreased to $0.52 from $0.62, while adjusted diluted EPS increased to $0.65 from $0.64. The company maintained its full-year guidance for net sales growth of 0% to 1% and adjusted diluted EPS of $4.25 to $4.40.

Key highlights include:

• Professional segment net sales rose 1.6% to $768.8 million, driven by higher shipments of golf and grounds products and zero turn mowers.
• Residential segment net sales fell 8.0% to $221.0 million due to lower shipments of snow products and portable power products.
• Gross margin decreased to 33.7%, impacted by higher material and manufacturing costs.
• SG&A expenses increased to 25.9% of net sales.
• $100 million was returned to shareholders through share repurchases.

Despite macroeconomic uncertainties, the company remains optimistic about its market leadership and operational efficiency, supported by its AMP initiative and strong demand in key markets.

The Toro Company (NYSE: TTC) has announced a new recycling partnership with Call2Recycle, the nation's largest consumer battery stewardship and collection program. This collaborative initiative aims to advance battery recycling and drive waste reduction for high-energy batteries used in outdoor power equipment.

The program is a joint effort with the Outdoor Power Equipment Institute, the Power Tool Institute, and manufacturers including Chervon, Husqvarna, Makita, Stanley Black & Decker, STIHL, and Techtronic Industries. Through this partnership, consumers will have access to responsible end-of-life solutions for high-energy batteries exceeding 300-watt hours that power products like lawnmowers and snow blowers.

Under the new program, eligible retailers will receive safety training and recycling materials. Consumers can return end-of-life high-energy batteries to participating collection sites for proper assessment, shipping, and recycling, supporting a circular economy while protecting people, property, and the environment.