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 (NYSE: TTC) regularly issues news updates that describe its role as a global provider of solutions for the outdoor environment, with activities in turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. The company’s news flow offers insight into how it manages its Professional and Residential segments, its brand portfolio, and its financial and strategic priorities.
Recent press releases have focused on quarterly and full-year financial results, where management discusses segment performance, margin trends, productivity initiatives, and the use of non-GAAP financial measures such as adjusted earnings and free cash flow. These earnings announcements often highlight the contribution of underground construction and golf and grounds within the Professional segment, as well as demand conditions in the Residential segment.
News items also cover capital allocation and financing decisions, including declarations of regular quarterly cash dividends, authorizations of additional share repurchase capacity, and the issuance of senior notes under a note purchase agreement. These releases provide context on how the company finances its operations, manages its balance sheet, and returns capital to shareholders.
Another recurring theme in The Toro Company’s news is strategic transactions and partnerships. The company has announced both the agreement to acquire and the completion of the acquisition of Tornado Infrastructure Equipment Ltd., a manufacturer of vacuum trucks and industrial equipment solutions for underground construction, power transmission, and energy markets. It has also publicized partnerships such as its role as an official partner of the 2026 Special Olympics USA Games, including the provision of Toro utility and passenger vehicles to support event operations.
Additionally, The Toro Company issues releases on leadership appointments and organizational changes, such as naming new executives to roles overseeing corporate affairs, investor relations, and specific business groups like golf, grounds, and irrigation. For investors and observers, the TTC news page offers a consolidated view of financial performance, strategic direction, governance developments, and community engagement activities.
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
In fiscal 2020, The Toro Company reported sales of
The Toro Company (NYSE: TTC) will release its fiscal 2021 fourth quarter and full-year results on December 15 at 7:30 a.m. CST. An earnings conference call will follow at 10 a.m. CST. The earnings release will be accessible at www.thetorocompany.com/invest. Toro is a global leader in outdoor solutions, reporting $3.4 billion in sales for fiscal 2020 with a presence in over 125 countries.
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Insight Enterprises has appointed Joyce Mullen as President and Chief Executive Officer, effective January 1, 2022. She succeeds Ken Lamneck, who will support her transition. Mullen previously served as North America President at Insight and held a 21-year career at Dell Technologies. Her leadership style focuses on people-first values and maintaining strong client relationships. Mullen also sits on the Board of The Toro Company. Insight Enterprises, a Fortune 500 company, delivers technology solutions to optimize business operations.
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The Toro Company (NYSE: TTC) has declared its 150th consecutive quarterly cash dividend of $0.2625 per share. This dividend is scheduled for payment on October 21, 2021, to shareholders recorded as of October 6, 2021. In fiscal 2020, Toro reported sales of $3.4 billion and operates in over 125 countries, offering solutions in turf maintenance, snow management, and more. The company emphasizes its commitment to innovation and shareholder value.
The Toro Company (NYSE: TTC) reported a robust fiscal third quarter, with net sales reaching $977 million, a 16.2% increase year over year. The professional segment saw a 15.2% rise, while residential sales soared by 23.0%. Reported diluted EPS was $0.89, with adjusted EPS at $0.92, reflecting a 12.2% increase. The company raised its full-year guidance, anticipating 17% net sales growth and adjusted EPS in the range of $3.53 to $3.57. CEO Richard M. Olson emphasized strong demand, operational excellence, and future investments in technology.
The Toro Company (NYSE: TTC) will release its fiscal 2021 third-quarter results on September 2 at 7:30 a.m. CDT. The earnings release will be available on their official website. An earnings conference call is scheduled for the same day at 10 a.m. CDT, with a live webcast accessible for interested parties. Toro is recognized as a leader in outdoor solutions, achieving $3.4 billion in sales in fiscal 2020, with a presence in over 125 countries and a diverse portfolio of brands.
The Toro Company (NYSE: TTC) reported strong fiscal Q2 2021 results, with net sales reaching $1.15 billion, a 23.6% increase from the prior year. Net earnings grew 44.4% to $142.2 million, resulting in an earnings per share (EPS) rise of 44.0% to $1.31. Both segments, professional and residential, showed robust growth, driven by demand for innovative products, including battery-powered offerings. The company raised its full-year guidance, projecting net sales growth of 12.0% to 15.0% and adjusted EPS between $3.45 and $3.55.