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 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.
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.
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.
The Toro Company (NYSE: TTC) has acquired Left Hand Robotics, strengthening its position in next-gen technologies including autonomous products. Based in Longmont, Colorado, Left Hand Robotics specializes in innovative autonomous solutions for turf and snow management. Their advanced navigation software aims to enhance operational efficiency for contractors and grounds managers. The transaction details remain undisclosed. Toro, with $3.4 billion in sales for fiscal 2020, operates globally in over 125 countries, providing various outdoor solutions.
The Toro Company (NYSE: TTC) will announce its fiscal 2021 first quarter results on March 4 at approximately 7:30 a.m. CST. The earnings release will be accessible on the company's investor relations website. Following the announcement, an earnings conference call is scheduled for 10 a.m. CST, which will also be available via a live webcast. Toro is a leading provider of outdoor solutions, with sales reaching $3.4 billion in fiscal 2020, serving over 125 countries through numerous brands.
The Toro Company (NYSE: TTC) reported strong fourth-quarter and full-year results for fiscal 2020, with net sales of $841.0 million, up 14.5% year-over-year, and net earnings of $72.2 million, up 88.7%. Adjusted EPS reached $0.64, marking a 33.3% increase. For the full year, net sales totaled $3.38 billion, a 7.7% rise from fiscal 2019, with net earnings up 20.3%. The outlook for fiscal 2021 anticipates net sales growth of 6.0% to 8.0% and adjusted EPS between $3.35 and $3.45. The company emphasizes its commitment to sustainability and operational excellence amid ongoing pandemic challenges.
The Toro Company (NYSE: TTC) has announced a 5% increase in its quarterly cash dividend, raising it to $0.2625 per share from the previous $0.25. This dividend, payable on January 13, 2021, rewards shareholders of record as of December 22, 2020. The increase reflects the company's commitment to returning value to shareholders while maintaining a strong financial position, showcasing its ongoing profitability and growth in the outdoor solutions sector.
The Toro Company (NYSE: TTC) will release its fiscal 2020 full-year results on December 16 at 7:30 a.m. CST, followed by an earnings conference call at 10 a.m. CST. The earnings release will detail Toro's financial performance, including revenue and earnings per share for the year. The company is known for its innovative solutions in outdoor environments, with sales of $3.1 billion in fiscal 2019 across over 125 countries.
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