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) has scheduled the release of its fiscal 2025 second quarter financial results for Thursday, June 5, at 7:30 a.m. CT. The company will host an earnings conference call at 10 a.m. CT on the same day. Investors and interested parties can access the earnings release through the company's investor relations website at www.thetorocompany.com/invest. A live, listen-only webcast of the conference call will be available on the same website, with a replay accessible shortly after the call concludes.
The Toro Company (NYSE: TTC) has appointed Lori A. Riley as its new vice president of human resources, effective April 1, 2025. Riley succeeds Margeaux M. King, who departed in December 2024.
Riley joins TTC from Northern Tool + Equipment, where she served as chief people and administrative officer. Her appointment was announced by Richard M. Olson, chairman and CEO, who highlighted her extensive experience and innovative leadership style.
Throughout her career, Riley has:
- Led global corporate, technology and operations functions
- Modernized talent acquisition practices
- Enhanced employee engagement initiatives
- Demonstrated expertise in succession planning and digital transformation
Prior to Northern Tool + Equipment, Riley held positions as senior vice president of human capital at Optum and chief people officer at Rally Health. She holds multiple degrees from Northern Illinois University, including an MBA and a Master's in Education.
The Toro Company (NYSE: TTC) has announced its Board of Directors' declaration of a regular quarterly cash dividend. Shareholders will receive $0.38 per share of TTC's common stock. The dividend will be paid on April 14, 2025, to shareholders who are on record at the close of business on March 31, 2025.
The Toro Company (NYSE: TTC) reported first-quarter fiscal 2025 results, noting a slight decline in net sales to $1.0 billion from the same period in fiscal 2024. Reported diluted EPS decreased to $0.52 from $0.62, while adjusted diluted EPS increased to $0.65 from $0.64. The company maintained its full-year guidance for net sales growth of 0% to 1% and adjusted diluted EPS of $4.25 to $4.40.
Key highlights include:
- Professional segment net sales rose 1.6% to $768.8 million, driven by higher shipments of golf and grounds products and zero turn mowers.
- Residential segment net sales fell 8.0% to $221.0 million due to lower shipments of snow products and portable power products.
- Gross margin decreased to 33.7%, impacted by higher material and manufacturing costs.
- SG&A expenses increased to 25.9% of net sales.
- $100 million was returned to shareholders through share repurchases.
Despite macroeconomic uncertainties, the company remains optimistic about its market leadership and operational efficiency, supported by its AMP initiative and strong demand in key markets.
The Toro Company (NYSE: TTC) has announced a new recycling partnership with Call2Recycle, the nation's largest consumer battery stewardship and collection program. This collaborative initiative aims to advance battery recycling and drive waste reduction for high-energy batteries used in outdoor power equipment.
The program is a joint effort with the Outdoor Power Equipment Institute, the Power Tool Institute, and manufacturers including Chervon, Husqvarna, Makita, Stanley Black & Decker, STIHL, and Techtronic Industries. Through this partnership, consumers will have access to responsible end-of-life solutions for high-energy batteries exceeding 300-watt hours that power products like lawnmowers and snow blowers.
Under the new program, eligible retailers will receive safety training and recycling materials. Consumers can return end-of-life high-energy batteries to participating collection sites for proper assessment, shipping, and recycling, supporting a circular economy while protecting people, property, and the environment.
The Toro Company (NYSE: TTC) has announced it will release its fiscal 2025 first quarter results on Thursday, March 6, at approximately 7:30 a.m. CST. The company, which specializes in outdoor environment solutions, will make the full earnings release available on their investor relations website. Additionally, TTC will host an earnings conference call at 10 a.m. CST on the same day.
A live, listen-only webcast of the earnings call will be accessible through the company's investor website. Interested participants are advised to register in advance and install any required audio software. A replay of the call will be made available on the website shortly after the event concludes.
HammerHead Trenchless, a division of The Toro Company (NYSE: TTC), has acquired the assets of ProKASRO Services USA, a market leader in robotic solutions and rehabilitation equipment for underground water and wastewater infrastructure repair. Based in Centennial, Colorado, ProKASRO is known for its robotics, UV pipe lining solutions, and lateral rehabilitation technologies that enable contractors to repair underground pipelines without digging.
The acquisition expands HammerHead's product portfolio in the trenchless pipe rehabilitation and replacement market, covering both CIPP and pipe bursting markets. HammerHead will continue marketing these products under the ProKASRO USA brand name, maintaining operations in Colorado. With service facilities in both Wisconsin and Colorado, the company aims to maintain quality standards and expand customer service capabilities.
Simpson Manufacturing Co. (NYSE: SSD) has appointed Angela Drake as an independent director, effective January 1, 2025. Drake will serve on the company's Audit and Finance and Compensation and Leadership Development Committees. She brings nearly 30 years of financial and business management experience, currently serving as Chief Financial Officer at The Toro Company (NYSE: TTC) since March 2023.
Drake's extensive background includes leadership positions at The Toro Company between 2019-2023, including Vice President of Finance, Vice President of Construction, and Senior Managing Director, Integration Co-Lead. She previously served as CFO at Charles Machine Works before its acquisition by Toro. Drake is a Certified Public Accountant with a BS in Accounting from the University of Central Oklahoma and serves on the board of First Bank & Trust Company.
EMCOR Group (NYSE: EME) announced the election of Amy E. Dahl to its Board of Directors, effective December 18, 2024. Dahl, 50, currently serves as Vice President of International Business & Strategy at The Toro Company (NYSE: TTC), overseeing operations across 125+ countries. Her extensive experience spans strategic planning, legal compliance, mergers and acquisitions, and human resources.
Since joining Toro in 2007, Dahl has held various leadership positions including Vice President, General Counsel and Corporate Secretary. Prior to Toro, she practiced law specializing in securities, corporate governance, and M&A at Norton Rose Fulbright and Lathrop GPM. She holds a B.A. in Political Science from The University of Minnesota and a J.D. from The University of North Dakota School of Law.
The Toro Company (TTC) reported strong fiscal 2024 results with record full-year net sales of $4.58 billion, up from $4.55 billion in 2023. The company achieved full-year reported diluted EPS of $4.01 and adjusted diluted EPS of $4.17. Fourth-quarter performance showed significant improvement with net sales of $1.08 billion and diluted EPS of $0.87.
The company demonstrated exceptional growth in its residential segment through mass channel partnerships, particularly with Lowe's, and successful new product launches. Professional segment saw strong demand in underground construction and golf equipment. The company generated substantial free cash flow of over $470 million and returned nearly $400 million to shareholders through dividends and share repurchases.
Looking ahead, TTC provided fiscal 2025 guidance projecting net sales growth of 0% to 1% and adjusted diluted EPS between $4.25 and $4.40.