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.
Toro Company (TTC) delivers innovative solutions for turf maintenance, landscaping, and outdoor infrastructure management. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and product innovations shaping the outdoor equipment sector.
Access official press releases, earnings reports, and strategic announcements alongside curated analysis of Toro’s market position. Our repository covers product launches in irrigation technology, sustainability initiatives for professional turf care, and partnerships enhancing global distribution networks.
Key updates include developments in snow management systems, advancements in precision mowing equipment, and operational expansions across residential and commercial markets. All content is verified through primary sources to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Toro’s evolving business narrative. Combine real-time updates with historical context to track the company’s progress in maintaining leadership across golf course maintenance, sports field care, and smart irrigation solutions.
The Toro Company (NYSE: TTC) has announced the sale of its Australia-based residential Pope Products business to The AMES Company, a subsidiary of Griffon (NYSE: GFF). The sold assets, focused on garden watering and irrigation, were exclusively marketed in Australia and New Zealand. This divestiture aligns with Toro's strategy to concentrate on high-growth sectors such as golf, sports fields, and professional contractor markets. Financially, the sale's impact on Toro's fiscal 2024 results is negligible and was already factored into their previous forecasts.
The Toro Company (NYSE: TTC) has released its 2023 Sustainability Impact Report, detailing achievements across its strategic priorities of growth, operational excellence, and empowering people. Key goals include increasing battery and hybrid product sales to 20% of total sales and reducing Scope 1 and 2 greenhouse gas emissions by 15% by 2025. Notable achievements include partnerships for workforce development, recognition by Newsweek as one of the World’s Most Trustworthy Companies, and substantial investments in scholarships and youth programs. The company also reported advancements in product innovation and operational efficiency, such as LED lighting installation, energy practice assessments, and eWaste recycling events. For the full report, visit www.thetorocompany.com/sustainability.
The Toro Company (NYSE: TTC) announced its Q2 fiscal 2024 results, showcasing record net sales of $1.35 billion, a slight increase from $1.34 billion in Q2 2023.
Despite this, diluted EPS fell to $1.38 from $1.59, while adjusted diluted EPS dropped to $1.40 from $1.58. Exceptional growth in the residential segment was highlighted, driven by mass channel sales and new product success.
Professional segment sales decreased by 5.9%, primarily due to lower zero-turn mower shipments. Toro also made progress in reducing dealer field inventories.
For fiscal 2024, Toro reaffirmed its guidance of low single-digit net sales growth and adjusted diluted EPS between $4.25 and $4.35, citing robust demand in the professional segment and recovery signs in homeowner markets.
The Toro Company (NYSE: TTC) has announced a regular quarterly cash dividend of $0.36 per share of its common stock.
The dividend will be payable on July 11, 2024, to shareholders who are on record as of June 18, 2024.
The Toro Company, a global outdoor solutions provider, will announce its fiscal 2024 second-quarter results on June 6. The earnings release will be available on their website, followed by an earnings conference call.
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