Toro Stock Price, News & Analysis

The Toro Company (NYSE: TTC) will participate in a virtual fireside chat at the Bank of America Global Industrials Conference on Thursday, March 17, 2022, at 11:30 a.m. CDT. CEO Richard Olson and CFO Renee Peterson will represent the company. The presentation will be available via webcast on The Toro Company’s website, where attendees are advised to register in advance. A replay will also be accessible afterward. Toro, a leading provider of outdoor solutions, reported $4 billion in sales for fiscal 2021 and operates in over 125 countries.

The Toro Company (NYSE: TTC) reported fiscal first-quarter net sales of $932.7 million, a 6.8% increase year-over-year. Professional segment sales rose 3.5%, while Residential segment sales surged 17.3%. However, net earnings dropped 37.5% to $69.5 million, with diluted EPS at $0.66, down from $1.02 last year. Gross margin declined to 32.2% due to increased costs. The company raised its full-year net sales growth guidance to 12% to 14% but maintained adjusted EPS guidance between $3.90 and $4.10.

The Toro Company (NYSE: TTC) will present to investors at the Raymond James 43rd Annual Institutional Investors Conference on March 8, 2022, at 8 a.m. EST. CEO Richard Olson and CFO Renee Peterson will represent the company. The presentation will be webcast, and interested participants can access it on Toro’s website. A replay will also be available afterward. Toro is a leading provider of outdoor solutions with $4 billion in sales for fiscal 2021, operating in over 125 countries with a diverse brand portfolio.

The Toro Company (NYSE: TTC) will release its fiscal Q1 2022 results on March 3 at 7:30 a.m. CST, followed by an earnings conference call at 10 a.m. CST. With sales reaching $4 billion in fiscal 2021, Toro operates globally in over 125 countries, offering innovative solutions for outdoor environments including turf maintenance and irrigation. The earnings release will be accessible on their investor relations website.

The Toro Company (NYSE: TTC) has acquired Intimidator Group for $400 million, expanding its footprint in the growing zero-turn mower market. Intimidator, known for its Spartan Mowers, reported approximately $200 million in net sales for 2021. This acquisition is expected to enhance Toro's product lineup and drive efficiencies in manufacturing and technology. The deal has received regulatory approvals and is projected to be modestly accretive to fiscal 2022 adjusted earnings.

The Toro Company (NYSE: TTC) reported impressive financial results for fiscal Q4 and the full year ended October 31, 2021. Q4 net sales reached $960.7 million, a 14.2% increase, with adjusted EPS at $0.56. For the full year, net sales grew 17.2% to $3.96 billion, with diluted EPS at $3.78, up 24.8%. Despite challenges like supply chain issues, the company launched innovative, battery-powered products aimed at future growth. For fiscal 2022, Toro expects net sales growth of 8% to 10% and adjusted EPS between $3.90 and $4.10.

The Toro Company (NYSE: TTC) has declared a $0.30 per share quarterly cash dividend, marking a 14% increase from the previous $0.2625. This dividend is set to be paid on January 11, 2022, to shareholders who are on record by December 28, 2021.

In fiscal 2020, The Toro Company reported sales of $3.4 billion, and is recognized as a significant provider of solutions for outdoor environments globally.

The Toro Company (NYSE: TTC) will release its fiscal 2021 fourth quarter and full-year results on December 15 at 7:30 a.m. CST. An earnings conference call will follow at 10 a.m. CST. The earnings release will be accessible at www.thetorocompany.com/invest. Toro is a global leader in outdoor solutions, reporting $3.4 billion in sales for fiscal 2020 with a presence in over 125 countries.