The Toro Company Authorizes Repurchase of Additional 5 Million Shares

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 through dividends and share repurchases.

About The Toro Company

The Toro Company (NYSE: TTC) is a leading worldwide provider of turf and landscape maintenance equipment, and precision irrigation systems. With sales of nearly $1.9 billion in fiscal 2008, Toro's global presence extends to more than 140 countries through its reputation of world-class service, innovation and turf expertise. Since 1914, the company has built a tradition of excellence around a number of strong brands to help customers care for golf courses, sports fields, public green spaces, commercial and residential properties, and agricultural fields. More information is available at www.toro.com.

SOURCE: The Toro Company

The Toro Company
Investor Relations
John Wright, Director, Investor Relations, 952-887-8865
invest@toro.com
or
Media Relations
Branden Happel, Manager, Public Relations, 952-887-8930
pr@toro.com
www.thetorocompany.com

Our Company

At The Toro Company, we take great pride in helping our customers enrich the beauty, productivity, and sustainability of the land. Founded in 1914, The Toro Company was built on a tradition of quality and caring relationships. Today, the company is a leading worldwide provider of innovative solutions for the outdoor environment including turf maintenance, snow and ice management, landscape, rental and specialty construction equipment, and irrigation and outdoor lighting solutions. Through a strong network of professional distributors, dealers and retailers in more than 125 countries, we proudly offer a wide range of products across a family of global brands to help golf courses, professional contractors, groundskeepers, agricultural growers, rental companies, government and educational institutions, and homeowners – in addition to many leading sports venues and historic sites around the world.