The Toro Company Board of Directors Authorizes Purchase of Up to 3,000,000 Additional Shares

BLOOMINGTON, Minn., July 18 /PRNewswire-FirstCall/ -- The board of directors of The Toro Company (NYSE: TTC) today authorized the company to purchase up to 3,000,000 additional shares of its common stock in the open market or in privately negotiated transactions.

This new authorization is in addition to approximately 50,000 remaining shares available for repurchase under a previous authorization. The company continues to believe that a stock repurchase program is in the best interest of its stockholders and is an appropriate use of cash.

About The Toro Company

The Toro Company (NYSE: TTC) is a leading worldwide provider of outdoor beautification products, support services and integrated solutions. With sales of $1.8 billion in 2005, Toro is committed to providing environmentally responsible products of customer-valued quality and innovation. Since 1914, the company has built a tradition of excellence around a number of strong brands that serve a customer base that includes golf course superintendents, groundskeepers, sports field managers, landscape and irrigation contractors, fruit and vegetable growers, and homeowners. The Toro Company is headquartered at 8111 Lyndale Avenue in Bloomington, Minn. Visit the company website at http://www.thetorocompany.com .

SOURCE The Toro Company

CONTACT:
Investor Relations,
Stephen P. Wolfe, Vice President, CFO,
+1-952-887-8076,
or
Tom Larson, Treasurer,
+1-952-887-8449,
or
Media Relations,
Branden Happel,
Toro Media Relations,
+1-952-887-8930,
pr@toro.com ,
all of The Toro Company

Company News On-Call:
http://www.prnewswire.com/comp/103025.html
Web site: http://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.