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Toro Reports Fiscal 2009 First Quarter Results
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
Toro Announces Multiple Cost Saving Measures in Response to Global Recession
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.
Toro Reports Fiscal 2008 Full Year Results
Company reports net earnings per share of $3.10 International sales grow 12 percent offsetting weakness in domestic business Improved asset management drives record operating cash flow BLOOMINGTON, Minn.--(BUSINESS WIRE)-- Dec. 9, 2008 --The Toro Company (NYSE: TTC) today reported net earnings of
The Toro Company Declares Regular Quarterly Dividend
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Dec. 3, 2008--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 January 12, 2009 to shareholders of record on December 18, 2008.
The Toro Company Acquires Assets of Southern Green to Strengthen Position in Aerification Market
Southern Green's Deep-Tine Aerators Expand Toro's Popular Line of ProCore(R) Aeration Equipment BLOOMINGTON, Minn., Oct 13, 2008 (BUSINESS WIRE) -- The Toro Company (NYSE:TTC) today announced that it has acquired certain assets from Southern Green, Inc., a leading manufacturer of deep-tine aeration
The Toro Company Declares Regular Quarterly Dividend
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Sept. 16, 2008--The Board of Directors of The Toro Company (NYSE: TTC) today announced it has declared a regular quarterly cash dividend of 15 cents per share payable on October 17, 2008 to shareholders of record on October 3, 2008.
Toro Reports Third Quarter 2008 Results
Company delivers net earnings per share of $0.99 Net sales up 3 percent driven by strength of international business Operating cash flow improves by $42 million driven by lower inventories BLOOMINGTON, Minn.--(BUSINESS WIRE)--Aug. 21, 2008--The Toro Company (NYSE: TTC) today reported net earnings
Toro Celebrates 10th Anniversary of its Center for Advanced Turf Technology
BLOOMINGTON, Minn.--(BUSINESS WIRE)--July 8, 2008--The Toro Company (NYSE: TTC), a global leader in turf maintenance equipment and irrigation solutions, today announced the 10th anniversary of its Center for Advanced Turf Technology (CATT) - a cross-functional team of engineers and agronomists
Toro Reports Second Quarter Results
Company reports net earnings per share of $1.60 Significant improvement in channel inventory Board authorizes repurchase of 4 million additional shares and declares quarterly dividend BLOOMINGTON, Minn.--(BUSINESS WIRE)--May 22, 2008--The Toro Company (NYSE: TTC) today reported net earnings of
Toro Revises Earnings Outlook
Weak Economic Conditions, Late Spring and a Reduction of Channel Inventory Dampen Results BLOOMINGTON, Minn.--(BUSINESS WIRE)--May 2, 2008--The Toro Company (NYSE: TTC) said today that it now expects net earnings per share for its fiscal second quarter ending May 2, 2008 to range from $1.55 to
The Toro Company Declares Regular Quarterly Dividend
BLOOMINGTON, Minn., Mar 11, 2008 (BUSINESS WIRE) -- The Board of Directors of The Toro Company (NYSE: TTC) announced today it has declared a regular quarterly cash dividend of 15 cents per share payable on April 11, 2008 to shareholders of record on March 24, 2008.
Toro Reports Record First Quarter Sales and Net Earnings
Net sales up 7 percent to $405.8 million; International sales up 19.5 percent; Earnings from operations up 15.2 percent; Net earnings per share up 6.8 percent to $0.47 BLOOMINGTON, Minn.--(BUSINESS WIRE)--Feb. 21, 2008--The Toro Company (NYSE: TTC) today reported record net sales and net earnings
The Toro Company And ITT Flowtronex® Enter Into U.S. and Canada Sales And Marketing Alliance
RIVERSIDE, Calif. (Feb. 8, 2008) – The industry leaders in golf course irrigation and pump station solutions are joining forces to help golf courses more efficiently manage water resources. The Toro Company has formed an alliance with ITT Flowtronex® in which Toro distributors will now offer
Toro Reports Record Fiscal 2007 Earnings
Net Earnings Per Share Up 16.8 Percent to $3.40 Board Raises Quarterly Dividend From $0.12 to $0.15 Per Common Share Company Announces Acquisition of Turf Guard(TM) Technology BLOOMINGTON, Minn.--(BUSINESS WIRE)--Dec. 6, 2007--The Toro Company (NYSE:TTC) today reported record net sales and net
The Toro Company Acquires Turf Guard(TM) Wireless Monitoring Technology
Acquisition strengthens position in precision irrigation market BLOOMINGTON, Minn.--(BUSINESS WIRE)--Dec. 6, 2007--The Toro Company (NYSE:TTC) today announced it has acquired Turf Guard(TM) wireless monitoring technology from JLH Labs, LLC. The purchase of Turf Guard systems helps strengthen the
High School Students Participate in Inaugural Future Leaders Forum at Children's Miracle Network Classic Presented by Wal-Mart
Students shadow golf, leadership experts at PGA TOUR Event ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Oct. 17, 2007--Fifty high school students from worldwide chapters of The First Tee will see that golf is more than a game while attending the first-ever Future Leaders Forum, Nov.
The Toro Company Names Inge G. Thulin to Board of Directors
Company Declares Regular Quarterly Dividend BLOOMINGTON, Minn.--(BUSINESS WIRE)--Sept. 18, 2007--The Toro Company (NYSE:TTC) today announced that it has elected Inge G. Thulin to its board of directors, effective September 18, 2007. Thulin, 53, is executive vice president, international operations,
Toro Reports Record Third Quarter Earnings
Net Earnings Per Share Up 12.1 Percent to $1.02 BLOOMINGTON, Minn.--(BUSINESS WIRE)--Aug. 23, 2007--The Toro Company (NYSE:TTC) today reported record net earnings of $42.5 million, or $1.02 per diluted share, on net sales of $478.7 million for its fiscal third quarter ended August 3, 2007.
The Toro Company Acquires Rain Master Irrigation Systems
Rain Master products become part of the company's Irritrol(R) line; Strengthens position in the central controller market BLOOMINGTON, Minn.--(BUSINESS WIRE)--Aug. 17, 2007--The Toro Company (NYSE:TTC) today announced it has acquired Rain Master Irrigation Systems, a manufacturer of irrigation
The Toro Company Donates Equipment To Assist In 35W Recovery Efforts
Provides six Toro(R) Workman(R) utility vehicles to shuttle workers, haul supplies BLOOMINGTON, Minn.--(BUSINESS WIRE)--Aug. 2, 2007--At the request of the City of Minneapolis, The Toro Company this morning provided recovery crews assisting in the 35W bridge collapse with six Toro Workman utility
Toro Reports Record Second Quarter Sales and Earnings
Net Earnings Per Share Up 13.5 Percent to $1.77; Board Approves Stock Repurchase Authorization of 3 Million Additional Shares BLOOMINGTON, Minn.--(BUSINESS WIRE)--May 24, 2007--The Toro Company (NYSE:TTC) today reported record net sales and net earnings for its fiscal 2007 second quarter ended May
The Toro Company Elects Timothy P. Dordell As Vice President, Secretary and General Counsel
BLOOMINGTON, Minn.--(BUSINESS WIRE)--May 22, 2007--The board of directors of The Toro Company (NYSE:TTC) today elected Timothy P. Dordell as vice president, secretary and general counsel. Dordell, 44, joined the company on November 6, 2006, as vice president, deputy general counsel.
The Toro Company Announces Public Offering Of Senior Notes
BLOOMINGTON, Minn.--(BUSINESS WIRE)--April 24, 2007--The Toro Company (NYSE:TTC) today announced that it has agreed to sell $125 million aggregate principal amount of 6.625% unsecured senior notes due May 1, 2037 in an underwritten public offering. Toro intends to use the proceeds of the offering
The Toro Company Declares Regular Quarterly Dividend
BLOOMINGTON, Minn.--(BUSINESS WIRE)--March 13, 2007--The board of directors of The Toro Company (NYSE:TTC) announced today it has declared a regular quarterly cash dividend of 12 cents per share payable April 12, 2007 to stockholders of record March 24, 2007.
Toro Reports Record First Quarter Results Driven by Strong International Performance
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Feb. 20, 2007--The Toro Company (NYSE:TTC) today reported record net sales and net earnings for its fiscal 2007 first quarter ended February 2, 2007. Net earnings for the quarter totaled $18.5 million, or $0.44 per diluted share, on net sales of $379.1 million.
Toro Reports Record Fiscal 2006 Net Sales and Net Earnings
Net Earnings Per Diluted Share Up 18.8 Percent to $2.91; Board Raises Quarterly Dividend From $0.09 to $0.12 Per Common Share BLOOMINGTON, Minn.--(BUSINESS WIRE)--Dec. 7, 2006--The Toro Company (NYSE:TTC) today reported record net sales and net earnings for the fiscal year ended October 31, 2006.
The Toro Company Announces Stock Grant to Pete Ramstad
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Nov. 30, 2006--The Toro Company (NYSE:TTC), as required by New York Stock Exchange rules, today reported the grant of restricted stock to Pete Ramstad, who has joined the company as vice president of business and strategic development.
The Toro Company Announces Stock Grant to Timothy Dordell
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Nov. 7, 2006--The Toro Company (NYSE:TTC), as required by New York Stock Exchange rules, today reported the grant of restricted stock to a new employee, Timothy Dordell, vice president and deputy general counsel. The Compensation and Human Resources Committee of
The Toro Company Announces Leadership Realignment
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Nov. 1, 2006--The Toro Company (NYSE:TTC) today announced several leadership changes to strengthen the company's organization as well as position it for long-term growth and profitability. Dennis Himan is promoted to group vice president with responsibility for
The Toro Company Announces That Peter M. Ramstad Will Join as Vice President of Business and Strategic Development
Business Editors BLOOMINGTON, Minn.--(BUSINESS WIRE)--Oct. 11, 2006--The Toro Company (NYSE:TTC) today announced that Peter M. Ramstad will join the company as vice president of business and strategic development, effective November 28. Ramstad is currently employed by Personnel Decisions
The Toro Company Declares Regular Quarterly Dividend
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Sept. 19, 2006--The board of directors of The Toro Company (NYSE:TTC) announced today it has declared a regular quarterly cash dividend of 9 cents per share payable October 18, 2006 to stockholders of record October 4, 2006.
Toro Reports Record Third Quarter Sales and Earnings
Net Earnings Per Diluted Share Up 23% BLOOMINGTON, Minn., Aug. 24 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today reported record fiscal third quarter net earnings of $40.3 million, or $0.91 per diluted share, on record net sales of $477.9 million for the quarter ended August 4, 2006.
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.
The Toro Company Names Gary L. Ellis to Board of Directors
BLOOMINGTON, Minn., June 28 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today announced that it has appointed Gary L. Ellis to its board of directors, effective June 26, 2006. The addition of Mr. Ellis brings the board to 10 members. Ellis, 49, is senior vice president and chief
Toro Reports Record Second Quarter Sales and Earnings
Net Earnings Per Share Up 17% on 5% Sales Growth LIVE CONFERENCE CALL May 25, 10:00 a.m. CT www.thetorocompany.com/invest BLOOMINGTON, Minn., May 25 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today reported record fiscal second quarter net earnings of $70.1 million, or $1.56 per diluted
The Toro Company Declares Regular Quarterly Dividend
BLOOMINGTON, Minn., May 16 /PRNewswire-FirstCall/ -- The board of directors of The Toro Company (NYSE: TTC) announced it has declared a regular quarterly cash dividend of 9 cents per share payable July 12, 2006 to stockholders of record June 20, 2006.
The Toro Company Elects Michael J. Hoffman Chairman of the Board; Declares Regular Quarterly Dividend
BLOOMINGTON, Minn., March 14 /PRNewswire-FirstCall/ -- The board of directors of The Toro Company (NYSE: TTC) today elected Michael J. Hoffman chairman of the board. Hoffman, 50, was elected chief executive officer of the company and joined the board on March 15, 2005.
Toro Reports Record First Quarter Net Sales and Earnings
Net Earnings Per Diluted Share Up 39.1% LIVE CONFERENCE CALL February 23, 10:00 a.m. CT http://www.thetorocompany.com/invest BLOOMINGTON, Minn., Feb. 23 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today reported net earnings of $14.3 million, or $0.32 per diluted share, on net sales of
New Line of Toro Lawn and Garden Tractors to Debut at Toro Dealers and The Home Depot
Competitively-Priced Models Offer New Growth Opportunities BLOOMINGTON, Minn., Jan. 5 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) announced today that a new line of Toro lawn and garden tractors will be available in early 2006 at Toro dealers and the nation's number one home center
Toro Reports Record 2005 Net Sales and Earnings
Net Earnings Per Diluted Share Up 21.3% Board Raises Quarterly Dividend From $0.06 to $0.09 Per Common Share LIVE CONFERENCE CALL December 7, 10:00 a.m. CT www.thetorocompany.com/invest BLOOMINGTON, Minn., Dec. 7 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today reported record net
The Toro Company Declares Regular Quarterly Dividend
BLOOMINGTON, Minn., Sept. 20 /PRNewswire-FirstCall/ -- The board of directors of The Toro Company (NYSE: TTC) announced it has declared a regular quarterly cash dividend of 6 cents per share payable October 18, 2005 to stockholders of record October 4, 2005.
Toro Reports Record Third Quarter Net Earnings Per Diluted Share of $0.74
Year-to-Date Net Earnings Per Diluted Share Up 24.5% on 9.6% Sales Growth LIVE CONFERENCE CALL August 23, 10:00 a.m. CT http://www.thetorocompany.com/invest BLOOMINGTON, Minn., Aug. 23 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today reported record net earnings of $34.4 million, or
The Toro Company Board of Directors Authorizes Purchase of Up to 2,000,000 Additional Shares
BLOOMINGTON, Minn., July 19, 2005 /PRNewswire-FirstCall via COMTEX/ -- The board of directors of The Toro Company (NYSE: TTC) today authorized the company to purchase up to 2,000,000 additional shares of its common stock, from time to time, in the open market or in privately negotiated
Toro Second Quarter Net Earnings Per Share Up 33% on 14.7% Sales Growth
Company Raises Outlook for Fiscal 2005 Earnings Live Conference Call May 24, 10:00 a.m. CT www.thetorocompany.com/invest BLOOMINGTON, Minn., May 24 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today reported record fiscal second quarter net earnings of $62 million, or $1.33 per diluted
The Toro Company Declares Regular Quarterly Dividend
BLOOMINGTON, Minn., May 17 /PRNewswire-FirstCall/ -- The board of directors of The Toro Company (NYSE: TTC) announced it has declared a regular quarterly cash dividend of 6 cents per share payable July 12, 2005 to stockholders of record June 21, 2005.
Toro Second Quarter Net Earnings Per Share Expected to Reach $1.28 to $1.33, Exceeding Prior Guidance
Toro to Report Full Second Quarter Results May 24 BLOOMINGTON, Minn., May 13 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) said today that it expects net earnings per share for its fiscal second quarter ended April 29, 2005 to range from $1.28 to $1.33, exceeding the company's prior
The Toro Company Adds Michael J. Hoffman to Board of Directors
BLOOMINGTON, Minn., March 15 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today announced the addition of Michael J. Hoffman to the company's board of directors. The announcement, made at Toro's Annual Meeting of Stockholders, came shortly after Hoffman assumed his role as chief executive
The Toro Company Announces Two-for-One Stock Split; Declares Regular Quarterly Dividend
BLOOMINGTON, Minn., March 15 /PRNewswire-FirstCall/ -- The board of directors of The Toro Company (NYSE: TTC) announced it has approved a two-for- one stock split of its Common Stock, which will be effected in the form of a 100 percent stock dividend payable April 12, 2005.
The Toro Company Awards Over $200,000 in Cash and Product Donations to Local and National Organizations
Toro Furthers Commitment to Environment and Education With Recent Gifts BLOOMINGTON, Minn., March 10 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today announced the results of its first quarter grant awards by the Toro Giving Program. Grants of cash and product were awarded to 35
The Toro Company Names Michael J. Hoffman Chief Executive Officer
Kendrick B. Melrose to Assume Role of Executive Chairman BLOOMINGTON, Minn., Feb 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- The Toro Company (NYSE: TTC) today announced that its board of directors has elected Michael J. Hoffman, 49, to the position of chief executive officer effective March 15,