Company reports fiscal 2009 net earnings per share of $1.73
Focus on liquidity and growing market share guided the company through a difficult year
Cash flow from operations totaled $251.5 million driven by implementation of Red Iron Acceptance strategy, asset management and earnings
Increased quarterly cash dividend by 20 percent to $0.18 per share, as announced last week
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Dec. 8, 2009-- The Toro Company (NYSE: TTC) today reported net earnings of ...
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Dec. 2, 2009--
The Toro Company (NYSE: TTC) today announced that its board of directors
has declared a regular quarterly cash dividend of 18 cents per share, a
20 percent increase from its previous quarterly dividend rate of 15
cents per share. This dividend is payable on January 12, 2010 to
shareholders of record on December 18, 2009.
As of November 27, 2009, the company had 33,991,615 common shares
...
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Dec. 1, 2009--
The Toro Company (NYSE: TTC) today announced it will release its fiscal
2009 full year results on Tuesday, December 8, 2009, at approximately
7:30 a.m. Central Daylight Time (CDT). The company will also hold its
investor conference call on that day.
The full text of Toro’s earnings release will be available on www.thetorocompany.com
at 8 a.m. CDT. Click on “Investor Information...
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Oct. 20, 2009--
The Toro Company (NYSE: TTC) today announced that Judy Altmaier has
joined the company as vice president, operations. She succeeds Sandy
Meurlot, who is retiring after seven years with the company.
In her new position, Altmaier assumes responsibility for all
manufacturing operations in North America with indirect oversight for
international manufacturing and distribution facilities. Prior...
Broadens Toro’s global offering of turf maintenance equipment
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Oct. 14, 2009--
The Toro Company (NYSE: TTC) today announced it has acquired certain
assets from TY-CROP Manufacturing Ltd., a leading manufacturer of
topdressing and material handling equipment for golf course and sports
field applications.
Through the acquisition, Toro has acquired several models of topdressing
and mat...
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Sep. 22, 2009--
The Toro Company (NYSE: TTC) today announced that its board of directors
has declared a regular quarterly cash dividend of 15 cents per share.
The dividend is payable on October 19, 2009 to shareholders of record on
October 5, 2009.
As of September 18, the company had 34,359,304 common shares outstanding.
About The Toro CompanyThe Toro Company (NYSE: TTC) is a
leading wor...
Residential segment sales up on higher retail demand for walk power
mowers and riding products
Company posts net earnings per share of $0.54
Working capital further strengthened as inventories reduced to lowest
level in more than a decade
Improved asset management continues to drive strong operating cash flow
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Aug. 20, 2009--
...
Red Iron Acceptance, LLC, provides expanded financing capabilities
and improves Toro’s working capital position
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Aug. 13, 2009--
The Toro Company (NYSE: TTC) today announced the creation of a new joint
venture with TCF Inventory Finance, Inc. (TCFIF), an indirect subsidiary
of TCF Financial Corporation (NYSE: TCB). Under the name Red Iron
Acceptance, LLC, the new commercial finance entity will provi...
Supply Chain Finance seen as key element of working capital strategy
BLOOMINGTON, Minn., Aug 11, 2009 (BUSINESS WIRE) -- The Toro Company (NYSE: TTC), a leading worldwide provider of turf and
landscape maintenance equipment and precision irrigation systems, has
deployed PrimeRevenue's technology and services with financing provided
by Wells Fargo HSBC Trade Bank (NYSE: WFC) to power Toro's Supply Chain
Finance ("SCF") program. The SCF program is an important co...
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Jul. 28, 2009--
The Toro Company (NYSE: TTC) announced today that it has agreed to
settle all of its outstanding litigation with Advanced Sensor
Technology, Inc. The parties’ patent infringement, trade secret, false
advertising and other claims and counter-claims were resolved without
any admission of liability or wrongdoing, nor any licensing arrangement,
by either party. No other terms of the confidential settle...
BLOOMINGTON, Minn., Jul 22, 2009 (BUSINESS WIRE) -- The Toro Company (NYSE: TTC) today announced that its board of directors
has authorized the repurchase of an additional 5 million shares of
common stock in the open market or in privately negotiated transactions.
As of July 21, 2009, approximately 850,000 common shares remained
available under a previous authorization.
The company's continued strong cash flow enables it to return value to
shareholders th...
Solid performance drives net earnings per share of $1.00 Strong execution against working capital initiative enhances liquidity position Cash flow from operations improves $38 million from prior year
BLOOMINGTON, Minn.--(BUSINESS WIRE)--May. 21, 2009--
The Toro Company (NYSE: TTC) today reported net earnings of $36.9
million, or $1.00 per share, on net sales of $499.9 million for its
fiscal second quarter ended May 1, 2009. In the comparable fiscal 2008
period, t...
BLOOMINGTON, Minn.--(BUSINESS WIRE)--May. 19, 2009--
The Toro Company (NYSE: TTC) today announced that its board of directors
has declared a regular quarterly cash dividend of 15 cents per share.
The dividend is payable on July 10, 2009 to shareholders of record on
June 19, 2009.
As of May 18, the company had 36,466,503 common shares outstanding.
About The Toro Company
The Toro Company (NYSE: TTC) is a leading worldwide...
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Mar. 18, 2009--
The Toro Company (NYSE: TTC) today announced that its board of directors
has declared a regular quarterly cash dividend of 15 cents per share.
The dividend is payable on April 13, 2009 to shareholders of record on
March 30, 2009.
As of March 17, the company has 36,378,802 common shares outstanding.
About The Toro Company
The Toro Company (NYSE: TTC) is a leading world...
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Mar. 11, 2009--
The Toro Company (NYSE: TTC) will hold its 2009 Annual Meeting of
Shareholders on Wednesday, March 18, 2009, at 1:30 p.m. Central Time
(CT).
A live, listen-only webcast of the meeting will be available at www.thetorocompany.com
under Investor Information. Individuals are advised to go to the website
at least 15 minutes early to register, download and install any
necessary audio softw...
Company delivers net earnings per share of $0.18 Residential segment sales flat; Professional segment sales down 22 percent Focused efforts to reduce working capital drive improved balance sheet
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Feb. 19, 2009--
The Toro Company (NYSE: TTC) today reported net earnings of $6.7
million, or $0.18 per share, on net sales of $340.2 million for its
fiscal first quarter ended January 30, 2009. The company’s first quarter
results were ...
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Feb. 11, 2009--
The Toro Company (NYSE: TTC) today announced that it will reduce its
worldwide salaried and office workforce by approximately 100 employees
to better align the company’s cost structure with the current economic
and business environment. The company will offer assistance to employees
affected by the workforce reduction in the form of severance, extended
insurance coverage, and counseling and o...
8111 Lyndale Avenue South
Bloomington, MN 55420-1196
952-888-8801
US 1-800-348-2424
Canada 1-800-544-5364
