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Toro Company (The) (TTC) Stock News, Mar-Oct 2021

TTC NYSE

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.

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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.

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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.

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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.

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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.

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The Toro Company (NYSE: TTC) has declared a regular quarterly cash dividend of $0.2625 per share, payable on July 14, 2021, to shareholders of record on June 22, 2021. In fiscal 2020, Toro reported sales of $3.4 billion, offering innovative solutions in outdoor environments, including turf maintenance and snow management. The company has a significant global presence, operating in over 125 countries through brands like Toro, Ditch Witch, and Exmark.

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The Toro Company (NYSE: TTC) is set to release its fiscal 2021 second quarter results on June 3 at 7:30 a.m. CDT. Their earnings conference call will follow at 10 a.m. CDT the same day, with a live webcast available for investors. Toro, a leading provider of outdoor solutions, reported sales of $3.4 billion in fiscal 2020, serving customers in over 125 countries through various brands. More details on the earnings release and conference can be found on their investor website.

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The Toro Company (NYSE: TTC) has declared a quarterly cash dividend of $0.2625 per share, payable on April 20, 2021, to shareholders of record on April 5, 2021. With fiscal 2020 sales of $3.4 billion, Toro is a leading global provider of outdoor solutions, operating in over 125 countries. The company offers a diverse range of products, including turf maintenance, snow management, and irrigation solutions, under various well-known brands.

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The Toro Company (NYSE: TTC) will conduct its 2021 Annual Meeting of Shareholders virtually on March 16, 2021, at 1:30 p.m. CDT. Eligible shareholders, recorded by January 19, 2021, can participate via www.virtualshareholdermeeting.com/TTC2021. A replay of the meeting will be available for those unable to attend live. Toro, a leader in outdoor solutions with $3.4 billion in 2020 sales, operates in over 125 countries, delivering innovative products across various industries, including turf maintenance and construction.

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The Toro Company (TTC) reported strong fiscal Q1 2021 results with net sales of $873.0 million, reflecting a 13.7% increase year-over-year. Net earnings surged by 58.8% to $111.3 million, with EPS rising to $1.02, up 56.9%. The professional segment contributed $650.2 million in sales, a 9.3% growth, while the residential segment saw a 31.3% increase to $217.7 million. Toro reaffirmed its full-year sales growth guidance of 6.0% to 8.0% and adjusted EPS guidance of $3.35 to $3.45.

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FAQ

What is the current stock price of Toro Company (The) (TTC)?

Toro Company (The) (TTC) last closed at $102.65.

What is the market cap of Toro Company (The) (TTC)?

The market cap of Toro Company (The) (TTC) is approximately $9.7B.