Toro

The Toro Co. is in the business of designing, manufacturing, marketing, and selling professional turf maintenance equipment and services. It operates through the following segments: Professional and Residential. The Professional segment consists of turf and landscape equipment, rental, specialty, and underground construction equipment, snow & ice management equipment, and irrigation and lighting products. The Residential segment includes walk power mowers, zero-turn riding mowers, snow throwers, replacement parts, and home solutions products, including grass trimmers, hedge trimmers, leaf blowers, blower-vacuums, chainsaws, string trimmers, and underground, hose, and hose-end retail irrigation products sold in Australia and New Zealand. The company was founded by John Samuel Clapper and Henry Clay McCartney on July 10, 1914, and is headquartered in Bloomington, MN.

Earnings data Q1 2021

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Toro (TTC) reports record Q1 earnings, anticipates sustained growth

Toro's Q1 2023 performance reflects robust growth driven by innovative products and strong demand in key markets. Despite supply chain challenges and weather-related impacts, the company remains optimistic about margin improvement and sustained profitability. Strategic investments in alternative solutions and a diversified market presence position Toro well for future growth and resilience.

Toro reports record Q2 results, eyes margin improvement and acquisitions

Toro (TTC) delivered record Q2 results driven by the professional segment, while facing challenges in the residential segment due to weather and macroeconomic factors.
Strong order backlog in construction and golf products, along with a focus on margin improvement and battery products, present growth opportunities.
Revised full-year guidance, inventory management strategies, and acquisition plans position Toro for continued performance and strategic growth.

Toro (TTC) faces Q3 challenges but eyes growth opportunities

Toro's Q3 performance was impacted by reduced demand for lawn care products, leading to lower net sales and adjusted EPS, with challenges in the residential segment.
Despite the setbacks, Toro highlighted strengths in the professional segments, a strategic partnership with Lowe's, and improvements in the supply chain.
Opportunities lie in leveraging the Lowe's partnership, normalizing inventory levels, and addressing back orders to drive future growth and operational efficiency.

Toro Company reports steady Q4 performance and outlines growth strategies

Toro Company's Q4 performance met expectations, with a focus on professional segment growth and cost-saving initiatives. Challenges include elevated inventories and manufacturing variances, offset by positive signs in rental and retail sectors.
Fiscal 2024 outlook includes growth opportunities in the professional segment and a focus on cost improvements. The company aims to drive productivity and innovation through strategic initiatives and market-based pricing.

Toro (TTC) reports resilient Q1 results and optimistic growth outlook

Toro's Q1 performance reflected solid results amidst challenges, with a strategic focus on innovation and market leadership. The company remains optimistic about growth opportunities in key end markets and cost-saving initiatives.

Toro reports record Q2 sales, focuses on inventory optimization

Toro Company's Q2 performance reflects record net sales driven by residential segment growth, with adjusted diluted earnings per share at $1.40. The company is focused on reducing field inventories and normalizing inventory levels to align with consumer demand.
Despite challenges in certain mower categories and one-time implementation costs, Toro remains optimistic about continued growth. Strategic initiatives like AMP and reinvestment plans from cost savings position Toro for future success.
Opportunities lie in continued growth in underground construction and golf markets, with a focus on innovation and productivity gains. Toro's strong retail sales growth and positive outlook indicate a promising future for the company.

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The Toro Co. engages in the provision of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. It operates through the following segments: Professional, Residential, and Other. The Professional segment includes designing professional turf maintenance, landscape and lighting, rental, specialty, and underground construction, snow and ice management, and agricultural products. The Residential segment is involved in marketing and selling products to homeowners through a variety of distribution channels including outdoor power equipment distributors and dealers, mass retailers, hardware retailers, home centers, and online and direct to end-users. The Other segment focuses on its wholly owned domestic distribution company, certain corporate activities, and the elimination of intersegment revenues and expenses. The company was founded by John Samuel Clapper and Henry Clay McCartney on July 10, 1914 and is headquartered in Bloomington, MN.

Toro (TTC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Toro (TTC): Will It Gain?

The Toro's (TTC) CEO Rick Olson on Q3 2020 Results - Earnings Call Transcript

Toro (TTC) delivered earnings and revenue surprises of 46.43% and 6.52%, respectively, for the quarter ended July 2020. Do the numbers hold clues to what lies ahead for the stock?

Toro (TTC) Q3 Earnings and Revenues Beat Estimates

Shares of Toro (NYSE:TTC) rose 1.5% in pre-market trading after the company reported Q3 results.

Recap: Toro Q3 Earnings

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company reports Q3 net sales increase of 0.3% to $841 million, driven by residential segment demand and incremental Venture Products sales.

The Toro Company Reports Third-Quarter Fiscal 2020 Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company to announce fiscal 2020 third quarter results on Thursday, September 3.

The Toro Company to Announce Fiscal 2020 Third Quarter Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company and The Hoffman Family Foundation announce gift to the University of St.

The Toro Company and The Hoffman Family Foundation Announce Gift to the University of St. Thomas in Honor of Kendrick B.

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company launches its Sustainability Endures platform, which will strengthen the company's strategic focus and commitment to sustainability.

The Toro Company Announces Launch of Sustainability Endures Platform

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The Toro's (TTC) CEO Rick Olson on Q2 2020 Results - Earnings Call Transcript

Toro (TTC) delivered earnings and revenue surprises of -1.08% and -8.29%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?

Toro (TTC) Q2 Earnings and Revenues Miss Estimates

Shares of Toro (NYSE:TTC) remained unaffected after the company reported Q2 results.

Recap: Toro Q2 Earnings

Toro (TTC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Toro (TTC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Toro’s founders started at Uber helping monitor the data quality in the company’s vast data catalogs, and they wanted to put that experience to work for a more general audience. Today, the company announced a $4 million seed round.

Toro snags $4M seed investment to monitor data quality

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The Toro Company (TTC) CEO Rick Olson on Q1 2020 Results - Earnings Call Transcript

Toro (TTC) delivered earnings and revenue surprises of 10.34% and -2.15%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?

Toro (TTC) Surpasses Q1 Earnings Estimates

Toro (TTC) Reports Next Week: Wall Street Expects Earnings Growth

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A Relative Strength Rating upgrade for Toro shows improving technical performance amid expansion into adjacent markets via an acquisition.
The post Highly-Rated Toro Stock Gets Key Rating Upgrade After It Buys Venture Products appeared first on Investor's Business Daily.

Highly-Rated Toro Stock Gets Key Rating Upgrade After It Buys Venture Products

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Let Toro Grow Into Its Valuation

Recent product diversification will brighten the manufacturer's prospects in the coming years.

News for Toro Stock (TTC)