Toro Stock Price, News & Analysis

The Toro Company (NYSE: TTC) has declared a quarterly cash dividend of $0.30 per share, set to be paid on October 18, 2022. Shareholders on record by October 5, 2022 will receive this dividend. Toro is recognized as a leader in outdoor solutions, boasting sales of $4.0 billion in fiscal 2021 and serving customers in over 125 countries. The company provides innovative products for turf maintenance, construction, and irrigation.

The Toro Company (NYSE: TTC) reported a stellar third-quarter performance with net sales reaching $1.16 billion, up 18.8% year-over-year. Diluted EPS also hit a record high of $1.19, compared to $0.89 in the same quarter last year. The growth was led by strong demand in the professional segment, which saw sales of $886.2 million, a 23.3% increase. Despite challenges in fulfilling orders due to supply constraints, the company raised its full-year adjusted EPS guidance to $4.07 to $4.17.

The Toro Company (NYSE: TTC) announced its fiscal 2022 third-quarter results release on September 1 at 7:30 a.m. CDT. A conference call will follow at 10 a.m. CDT. The Toro Company is a leading provider of outdoor solutions, reporting $4.0 billion in sales for fiscal 2021, operating globally in over 125 countries. For further information and to access the earnings release, visit www.thetorocompany.com/invest.

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.