Welcome to our dedicated page for Toro news (Ticker: TTC), a resource for investors and traders seeking the latest updates and insights on Toro stock.
The Toro Company reports news around its outdoor-environment equipment portfolio, including turf and landscape maintenance, snow and ice management, underground construction, rental and specialty construction, irrigation, and outdoor lighting solutions.
Recurring updates for TTC cover Professional and Residential segment results, dividend and share-repurchase actions, product and brand portfolio developments, and completed acquisitions such as Tornado Infrastructure Equipment. Company announcements also address customer markets that include golf courses, sports fields, construction sites, public green spaces, commercial and residential properties, and agricultural operations.
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.
Sentosa Golf Club has entered a 10-year partnership with Toro and Jebsen & Jessen to enhance its golf course maintenance with a comprehensive Toro equipment and irrigation package. This collaboration includes hybrid and electric equipment aimed at promoting sustainability and reducing emissions. Toro will establish a service center at the club, which has utilized Toro's technology for over two decades, supporting significant tournaments. The partnership aligns with Sentosa's goal of carbon neutrality, further strengthening Toro's commitment to environmentally responsible solutions.
The Toro Company (NYSE: TTC) will participate in a virtual fireside chat at the Bank of America Global Industrials Conference on Thursday, March 17, 2022, at 11:30 a.m. CDT. CEO Richard Olson and CFO Renee Peterson will represent the company. The presentation will be available via webcast on The Toro Company’s website, where attendees are advised to register in advance. A replay will also be accessible afterward. Toro, a leading provider of outdoor solutions, reported $4 billion in sales for fiscal 2021 and operates in over 125 countries.
The Toro Company (NYSE: TTC) reported fiscal first-quarter net sales of $932.7 million, a 6.8% increase year-over-year. Professional segment sales rose 3.5%, while Residential segment sales surged 17.3%. However, net earnings dropped 37.5% to $69.5 million, with diluted EPS at $0.66, down from $1.02 last year. Gross margin declined to 32.2% due to increased costs. The company raised its full-year net sales growth guidance to 12% to 14% but maintained adjusted EPS guidance between $3.90 and $4.10.
The Toro Company (NYSE: TTC) will present to investors at the Raymond James 43rd Annual Institutional Investors Conference on March 8, 2022, at 8 a.m. EST. CEO Richard Olson and CFO Renee Peterson will represent the company. The presentation will be webcast, and interested participants can access it on Toro’s website. A replay will also be available afterward. Toro is a leading provider of outdoor solutions with $4 billion in sales for fiscal 2021, operating in over 125 countries with a diverse brand portfolio.
The Toro Company (NYSE: TTC) will release its fiscal Q1 2022 results on March 3 at 7:30 a.m. CST, followed by an earnings conference call at 10 a.m. CST. With sales reaching $4 billion in fiscal 2021, Toro operates globally in over 125 countries, offering innovative solutions for outdoor environments including turf maintenance and irrigation. The earnings release will be accessible on their investor relations website.
The Toro Company (NYSE: TTC) has acquired Intimidator Group for $400 million, expanding its footprint in the growing zero-turn mower market. Intimidator, known for its Spartan Mowers, reported approximately $200 million in net sales for 2021. This acquisition is expected to enhance Toro's product lineup and drive efficiencies in manufacturing and technology. The deal has received regulatory approvals and is projected to be modestly accretive to fiscal 2022 adjusted earnings.
The Toro Company (NYSE: TTC) reported impressive financial results for fiscal Q4 and the full year ended October 31, 2021. Q4 net sales reached $960.7 million, a 14.2% increase, with adjusted EPS at $0.56. For the full year, net sales grew 17.2% to $3.96 billion, with diluted EPS at $3.78, up 24.8%. Despite challenges like supply chain issues, the company launched innovative, battery-powered products aimed at future growth. For fiscal 2022, Toro expects net sales growth of 8% to 10% and adjusted EPS between $3.90 and $4.10.
The Toro Company (NYSE: TTC) has declared a $0.30 per share quarterly cash dividend, marking a 14% increase from the previous $0.2625. This dividend is set to be paid on January 11, 2022, to shareholders who are on record by December 28, 2021.
In fiscal 2020, The Toro Company reported sales of $3.4 billion, and is recognized as a significant provider of solutions for outdoor environments globally.