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 has appointed Margeaux M. King as Vice President of Human Resources, effective August 1, 2022. She replaces Amy E. Dahl, who will remain as vice president, general counsel, and corporate secretary. King brings over 15 years of experience from Ecolab, where she held various roles, ultimately leading global total rewards and talent. Her expertise includes organizational growth, employee engagement, and diversity initiatives. Toro reported $4.0 billion in sales in fiscal 2021, emphasizing its strong market presence.
The Toro Company (NYSE: TTC) announced that Kevin Carpenter, Vice President of Global Operations and Integrated Supply Chain, has been named one of the Most Influential Black Executives in Corporate America by Savoy Magazine. This recognition highlights Carpenter's leadership and contributions to the company, which reported $4.0 billion in sales in fiscal 2021. Toro's CEO, Richard Olson, commended Carpenter's impact on supply chain excellence and the strategic vision supported by board member Jill Pemberton.
BOSS Products, a division of The Toro Company (NYSE: TTC), has acquired the liquid deicing assets of Voigt Smith Innovation (VSI), enhancing its product portfolio. This strategic acquisition positions BOSS to enter the liquid deicing market, catering to snow and ice contractors. VSI is renowned for its innovative liquid deicing equipment, and its knowledgeable staff will join BOSS. This move aligns with BOSS's goals of providing quality solutions and advancing customer opportunities in liquid deicing.
The Toro Company (NYSE: TTC) reported strong second-quarter results with net sales of $1.25 billion, up 8.7% year-over-year. However, net earnings fell 7.8% to $131.1 million, with reported EPS at $1.24. The company raised its full-year guidance for fiscal 2022, expecting net sales growth of 14% to 16% and adjusted EPS between $4.00 and $4.15. Challenges include impacts from supply chain issues and increased costs. Key segments showed varying performance, with the Professional segment up 11.8% while Residential sales increased just 1.5%.
Toro has launched a new robotic mower, enhancing its commitment to tech-forward property care. This innovative, battery-powered mower features cutting-edge capabilities such as vision-based localization and wire-free navigation, making setup easy and efficient. It includes a smartphone app for customizable mowing schedules and patented Smart Zones™ for optimal lawn health. Expected to cater to the growing demand for robotic mowers over the next decade, this product exemplifies Toro's dedication to advanced, user-friendly lawn care solutions.
The Toro Company (NYSE: TTC) has declared a quarterly cash dividend of $0.30 per share, payable on July 13, 2022, to shareholders on record as of June 22, 2022. With sales reaching $4.0 billion in fiscal 2021, Toro is a key player in solutions for outdoor environments, serving over 125 countries with a diverse brand portfolio. The company focuses on turf maintenance, snow management, and utility construction, built on innovation and customer trust.
The Toro Company (NYSE: TTC) will release its fiscal 2022 Q2 results on June 2 at 7:30 a.m. CDT. A conference call will follow at 10 a.m. CDT, accessible via a live webcast. Toro, a leader in outdoor solutions with $4.0 billion in sales in fiscal 2021, operates in over 125 countries. Their product range includes turf maintenance and irrigation systems.
Investors can find the earnings release and register for the call at www.thetorocompany.com/invest.
The Toro Company (NYSE: TTC) has announced the election of Eric Hansotia and Jill Pemberton to its Board of Directors during the 2022 Annual Meeting of Shareholders. Hansotia brings extensive leadership experience from AGCO Corporation, while Pemberton offers strong financial expertise from LVMH. Their addition aims to enhance Toro's strategic vision and corporate governance, focusing on innovation and market position. Toro reported $4.0 billion in sales for fiscal 2021, emphasizing its global reach across 125 countries with a diverse brand portfolio.
The Toro Company (NYSE: TTC) announced a quarterly cash dividend of $0.30 per share, payable on April 21, 2022, to shareholders recorded by April 6, 2022. With a strong focus on outdoor solutions, Toro generated $4.0 billion in sales for fiscal 2021, serving over 125 countries. The company emphasizes innovation and customer relationships across various sectors, including turf maintenance, snow management, and irrigation.
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