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Toro Company (The) - TTC STOCK NEWS

Welcome to our dedicated page for Toro Company (The) news (Ticker: TTC), a resource for investors and traders seeking the latest updates and insights on Toro Company (The) stock.

The Toro Company (NYSE: TTC) is a renowned global provider of innovative solutions for the outdoor environment. Specializing in turf, snow, and ground engaging equipment, as well as irrigation and outdoor lighting solutions, Toro has established itself as a leader in the industry. With sales reaching $2.2 billion in fiscal 2014, Toro’s influence extends to over 90 countries worldwide.

Founded on principles of innovation, trust, and integrity, Toro and its family of brands have built a legacy of excellence. The company’s products help customers maintain golf courses, landscapes, sports fields, public green spaces, commercial and residential properties, and agricultural fields.

Core Business

Toro manufactures a comprehensive range of turf maintenance and landscaping equipment. This includes reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, and underground irrigation systems. Toro is also a major producer of heavy-duty walk-behind mowers and sprinkler systems used for professional turf and landscape maintenance and construction.

Operating Segments

The company operates under two main segments: Professional and Residential. The Professional segment generates the majority of its revenue and serves predominantly professional users maintaining turfs and sports fields, such as golf courses. The Residential segment caters to homeowners with products designed for home use.

Recent Achievements and Partnerships

Toro consistently engages in projects and partnerships that drive innovation and customer satisfaction. The company is committed to providing equipment that improves the efficiency and effectiveness of outdoor maintenance. Toro’s reputation for quality and reliability is supported by its extensive network of distributors and dealers.

Financial Condition

With a strong market presence and a key revenue-generating market in the United States, Toro continues to show robust financial performance. The company’s dedication to meeting customer needs and expanding its product line ensures its ongoing success and growth in the global market.

For more detailed information about The Toro Company, its products, and latest news, visit www.toro.com.

Rhea-AI Summary

The Toro Company (NYSE: TTC) reported strong fiscal Q2 2021 results, with net sales reaching $1.15 billion, a 23.6% increase from the prior year. Net earnings grew 44.4% to $142.2 million, resulting in an earnings per share (EPS) rise of 44.0% to $1.31. Both segments, professional and residential, showed robust growth, driven by demand for innovative products, including battery-powered offerings. The company raised its full-year guidance, projecting net sales growth of 12.0% to 15.0% and adjusted EPS between $3.45 and $3.55.

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The Toro Company (NYSE: TTC) has declared a regular quarterly cash dividend of $0.2625 per share, payable on July 14, 2021, to shareholders of record on June 22, 2021. In fiscal 2020, Toro reported sales of $3.4 billion, offering innovative solutions in outdoor environments, including turf maintenance and snow management. The company has a significant global presence, operating in over 125 countries through brands like Toro, Ditch Witch, and Exmark.

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The Toro Company (NYSE: TTC) is set to release its fiscal 2021 second quarter results on June 3 at 7:30 a.m. CDT. Their earnings conference call will follow at 10 a.m. CDT the same day, with a live webcast available for investors. Toro, a leading provider of outdoor solutions, reported sales of $3.4 billion in fiscal 2020, serving customers in over 125 countries through various brands. More details on the earnings release and conference can be found on their investor website.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Toro Company (The) (TTC)?

The current stock price of Toro Company (The) (TTC) is $83.98 as of October 4, 2024.

What is the market cap of Toro Company (The) (TTC)?

The market cap of Toro Company (The) (TTC) is approximately 8.7B.

What products does The Toro Company manufacture?

Toro manufactures a wide range of turf maintenance and landscaping equipment, including reel and rotary riding products, walking mowers, greens rollers, turf sprayer equipment, and underground irrigation systems.

Which segments does Toro operate under?

Toro operates under two main segments: Professional and Residential. The Professional segment serves professional users, while the Residential segment caters to homeowners.

What is Toro’s market reach?

Toro’s products are available in more than 90 countries worldwide, with the United States being its key revenue-generating market.

How does Toro ensure the quality of its products?

Toro maintains quality through continuous innovation, strong customer relationships, and an extensive network of distributors and dealers.

What is Toro's core business focus?

Toro focuses on providing innovative solutions for turf, snow, and ground engaging equipment, as well as irrigation and outdoor lighting solutions.

How much did Toro earn in fiscal 2014?

Toro reported sales of $2.2 billion in fiscal 2014.

What is the legacy of The Toro Company?

Founded on innovation, trust, and integrity, Toro has built a legacy of excellence by helping customers care for various outdoor spaces.

Where can I find more information about The Toro Company?

More detailed information can be found on their official website at www.toro.com.

What types of users does Toro's Professional segment serve?

The Professional segment predominantly serves users maintaining turfs and sports fields, such as golf courses.

What kind of outdoor solutions does Toro provide?

Toro provides solutions including turf maintenance, landscaping equipment, snow plowers, ice management products, and sprinkler systems.

Toro Company (The)

NYSE:TTC

TTC Rankings

TTC Stock Data

8.72B
102.62M
0.6%
97.5%
6.4%
Tools & Accessories
Lawn & Garden Tractors & Home Lawn & Gardens Equip
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United States of America
BLOOMINGTON