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 (NYSE: TTC) regularly issues news updates that describe its role as a global provider of solutions for the outdoor environment, with activities in turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. The company’s news flow offers insight into how it manages its Professional and Residential segments, its brand portfolio, and its financial and strategic priorities.
Recent press releases have focused on quarterly and full-year financial results, where management discusses segment performance, margin trends, productivity initiatives, and the use of non-GAAP financial measures such as adjusted earnings and free cash flow. These earnings announcements often highlight the contribution of underground construction and golf and grounds within the Professional segment, as well as demand conditions in the Residential segment.
News items also cover capital allocation and financing decisions, including declarations of regular quarterly cash dividends, authorizations of additional share repurchase capacity, and the issuance of senior notes under a note purchase agreement. These releases provide context on how the company finances its operations, manages its balance sheet, and returns capital to shareholders.
Another recurring theme in The Toro Company’s news is strategic transactions and partnerships. The company has announced both the agreement to acquire and the completion of the acquisition of Tornado Infrastructure Equipment Ltd., a manufacturer of vacuum trucks and industrial equipment solutions for underground construction, power transmission, and energy markets. It has also publicized partnerships such as its role as an official partner of the 2026 Special Olympics USA Games, including the provision of Toro utility and passenger vehicles to support event operations.
Additionally, The Toro Company issues releases on leadership appointments and organizational changes, such as naming new executives to roles overseeing corporate affairs, investor relations, and specific business groups like golf, grounds, and irrigation. For investors and observers, the TTC news page offers a consolidated view of financial performance, strategic direction, governance developments, and community engagement activities.
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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.
Sentosa Golf Club has entered a 10-year partnership with Toro and Jebsen & Jessen to enhance its golf course maintenance with a comprehensive Toro equipment and irrigation package. This collaboration includes hybrid and electric equipment aimed at promoting sustainability and reducing emissions. Toro will establish a service center at the club, which has utilized Toro's technology for over two decades, supporting significant tournaments. The partnership aligns with Sentosa's goal of carbon neutrality, further strengthening Toro's commitment to environmentally responsible solutions.
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.