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 reports news around its outdoor-environment equipment portfolio, including turf and landscape maintenance, snow and ice management, underground construction, rental and specialty construction, irrigation, and outdoor lighting solutions.
Recurring updates for TTC cover Professional and Residential segment results, dividend and share-repurchase actions, product and brand portfolio developments, and completed acquisitions such as Tornado Infrastructure Equipment. Company announcements also address customer markets that include golf courses, sports fields, construction sites, public green spaces, commercial and residential properties, and agricultural operations.
The Toro Company (NYSE: TTC) reported a strong first-quarter performance for fiscal 2023, achieving net sales of $1.15 billion, a 23% year-over-year increase. The diluted EPS rose to $1.01, up 53% year-over-year, with adjusted diluted EPS at $0.98, a 49% increase. The professional segment drove significant growth, with net sales of $880.7 million, up 30.9%, while the residential segment saw a modest 3.6% growth to $264.6 million. The company reaffirms guidance for fiscal 2023, anticipating net sales growth of 7% to 10% and adjusted diluted EPS in the range of $4.70 to $4.90.
The Toro Company (NYSE: TTC) announced the retirement of Renee J. Peterson as Chief Financial Officer effective July 2023. She will be succeeded by Angela C. Drake, currently the vice president of finance, starting March 10, 2023. Peterson has contributed significantly to Toro’s financial strategy and growth since joining in 2011. Drake, who has a strong background in finance and strategic planning, is expected to continue the company's focus on financial discipline and value creation. Toro reported net sales of $4.5 billion in fiscal 2022.
The Toro Company (NYSE: TTC) will release its fiscal 2023 first quarter results on March 9 at 7:30 a.m. CST. The earnings release can be accessed at www.thetorocompany.com/invest. Following the release, an earnings conference call is scheduled for 10 a.m. CST. A live webcast of the call will also be available on the company's website, with a replay option for those who cannot attend. In fiscal 2022, The Toro Company reported net sales of $4.5 billion and operates in over 125 countries.
The Toro Company has announced a partnership with the Atlanta University Center Consortium to provide a $375,000 grant over five years to support scholarships for Black engineering students.
This initiative enhances opportunities through scholarships and paid internships aimed at diversifying the engineering workforce. The program aligns with Toro’s strategic commitment to Diversity, Equity, and Inclusion, aiming to increase diverse leadership in the company by 20% by fiscal 2025.
In fiscal 2022, Toro reported $4.5 billion in net sales, reinforcing its commitment to innovation and community engagement.
The Toro Company (NYSE: TTC) reported strong financial results for fiscal year 2022, with net sales of $4.51 billion, a 14% increase year-over-year, and diluted EPS of $4.20. The fourth quarter saw net sales of $1.17 billion, up 22% from the previous year, and a reported diluted EPS of $1.12, reflecting a 100% increase. Fiscal 2023 guidance anticipates adjusted diluted EPS between $4.70 and $4.90, driven by strong demand in professional markets and expected supply chain improvements. The company emphasizes its focus on innovation and operational excellence.
The Toro Company (NYSE: TTC) has announced a quarterly cash dividend of $0.34 per share, representing a 13% increase from the previous $0.30. This marks the 14th consecutive year of dividend increases. The dividend is payable on January 11, 2023, to shareholders of record by December 28, 2022. Additionally, the Board approved a stock repurchase program allowing the buyback of up to 5 million shares.
The Toro Company (NYSE: TTC) will release its fiscal 2022 fourth quarter and full-year results on December 21 at 7:30 a.m. CST. An earnings conference call will follow at 10 a.m. CST. The earnings release and conference call will be accessible via their investor relations website. Toro is a prominent provider in outdoor solutions with $4.0 billion in sales in fiscal 2021, serving over 125 countries with brands like Toro and Ditch Witch.
The Toro Company (NYSE: TTC) will present at the Baird 52nd Annual Global Industrial Conference on November 8, 2022, at 2:45 p.m. EST. Key executives attending include Richard Olson, CEO; Renee Peterson, CFO; and Angie Drake, VP of Finance. The presentation will be available via webcast on Toro's website. A replay will also be accessible later. Toro specializes in outdoor solutions, generating $4 billion in sales in fiscal 2021, with operations in over 125 countries.
Summary not available.
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.