News Releases

09 Feb 2005

The Toro Company Acquires Hayter Limited

Acquisition Strengthens Toro's Position in Europe BLOOMINGTON, Minn., Feb. 9 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today announced it has acquired the assets of Hayter Limited, a manufacturer of consumer and commercial mowing products based in Spellbrook, England.

08 Dec 2004

Strong Fourth Quarter Boosts Toro to Another Record Year

2004 Net Earnings Per Diluted Share Total $4.04 Board Doubles Quarterly Dividend to $0.12 Per Common Share Live Conference Call December 8, 10:00 a.m. CT http://www.thetorocompany.com/invest BLOOMINGTON, Minn., Dec. 8 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today reported record net

23 Nov 2004

Toro Named Official Provider of Utility Vehicles for 78th Annual Macy's Thanksgiving Day Parade(R)

BLOOMINGTON, Minn., Nov 23, 2004 /PRNewswire-FirstCall via COMTEX/ -- The Toro Company (NYSE: TTC) today announced it has been named the official supplier of utility vehicles for the 2004 Macy's Thanksgiving Day Parade(R). Toro will join SpongeBob SquarePants, Disney's Chicken Little, Red and

18 Oct 2004

The Toro Company Names Michael J. Hoffman President and Chief Operating Officer

Kendrick B. Melrose to Continue as CEO and Chairman BLOOMINGTON, Minn., Oct. 18 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today announced the election of Michael J. Hoffman, 49, to the position of President and Chief Operating Officer. Hoffman is a 27-year veteran with the company and

30 Sep 2004

The Toro Company Board of Directors Authorizes Purchase of Up to 1,000,000 Additional Shares

BLOOMINGTON, Minn., Sep 30, 2004 /PRNewswire-FirstCall via COMTEX/ -- The board of directors of The Toro Company (NYSE: TTC) today authorized the company to purchase up to 1,000,000 additional shares of its common stock, from time to time, in the open market or in privately negotiated transactions.

30 Sep 2004

The Toro Company Declares Regular Quarterly Dividend

BLOOMINGTON, Minn., Sept. 30 /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 26, 2004 to stockholders of record October 12, 2004.

24 Aug 2004

Toro Third Quarter Net Earnings Up 26.5% on 15.1% Net Sales Growth

Company on Track for Record Full Year Net Sales and Earnings LIVE CONFERENCE CALL August 24, 10:00 a.m. CT www.thetorocompany.com/invest BLOOMINGTON, Minn., Aug. 24 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today reported record net earnings of $34.2 million, or $1.33 per diluted

17 Jun 2004

The Toro Company Celebrates 90th Anniversary With Minnesota Governor Pawlenty

Company to Showcase Innovative Products of the Past, Present and Future BLOOMINGTON, Minn., Jun 17, 2004 (PRNewswire-FirstCall via COMTEX) -- The Toro Company today announced it will celebrate its 90th anniversary with Minnesota Governor Tim Pawlenty around the theme, "Innovation Days." To mark the

27 May 2004

The Toro Company Declares Regular Quarterly Dividend; Board Authorizes Purchase of up to 3,000,000 Shares

BLOOMINGTON, Minn., May 27 /PRNewswire-FirstCall/ -- The board of directors of The Toro Company (NYSE: TTC) announced it has declared a regular quarterly cash dividend of six cents per share payable July 12, 2004 to stockholders of record June 20, 2004.

25 May 2004

Toro Reports Record Second Quarter Sales and Net Earnings

Net Earnings Up 24.4% on 10.5% Sales Growth Company Again Raises Outlook for Full-Year Earnings Live Conference Call May 25, 10:00 a.m. CT http://www.thetorocompany.com/invest BLOOMINGTON, Minn., May 25 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today reported record net earnings of

20 May 2004

The Toro Company 2nd Quarter Conference Call

BLOOMINGTON, Minn.--(BUSINESS WIRE)--May 20, 2004--The Toro Company (NYSE:TTC): Tuesday, May 25, 2004 10:00 - 11:00 a.m. Central Daylight Savings Time 1-888-882-0115 The Toro Company chairman and chief executive officer Ken Melrose and chief financial officer Steve Wolfe will be available to answer

15 Apr 2004

The Toro Company Announces Preliminary Results of 'Dutch Auction' Tender Offer

BLOOMINGTON, Minn., April 15 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today announced the preliminary results of its "Dutch Auction" tender offer to purchase up to 2,500,000 shares of its common stock. The tender offer expired at 5:00 p.m., New York City time, on Wednesday, April 14,

17 Mar 2004

The Toro Company Commences Dutch Auction Tender Offer to Repurchase 2,500,000 of Its Shares

BLOOMINGTON, Minn., March 17 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today commenced its previously announced Dutch auction self-tender offer for up to 2,500,000 shares, or approximately 10.3%, of its outstanding common stock, at prices ranging from $56.50 to $60.00 per share, or a

12 Mar 2004

The Toro Company Announces Dutch Auction Tender Offer to Repurchase 2,500,000 of Its Shares; Declares Regular Quarterly Cash Dividend

BLOOMINGTON, Minn., March 12 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) announced today that its Board of Directors approved the repurchase of up to 2,500,000 shares of its common stock, through a Dutch auction self-tender offer. The tender offer is expected to commence during the week

24 Feb 2004

Toro Reports Record First Quarter Net Earnings Up 34% to $0.36 Per Diluted Share

Sales Growth and Improved Operating Performance Benefit First Quarter Performance Company Now Expects Fiscal 2004 Net Earnings Growth of 14% to 18% LIVE CONFERENCE CALL February 24, 10:00 a.m. CT www.thetorocompany.com/invest BLOOMINGTON, Minn., Feb 24, 2004 /PRNewswire-FirstCall via COMTEX/ -- The

10 Dec 2003

Toro Delivers Record Sales and Net Earnings, Achieving Profit Improvement Plan Goals With Strong 2003 Performance

2003 Net Earnings Per Diluted Share Total $3.12, Exceeding Analyst Estimates LIVE CONFERENCE CALL December 10, 10:00 a.m. CT www.thetorocompany.com/invest BLOOMINGTON, Minn., Dec. 10 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today reported record net earnings of $81.6 million, or $3.12

04 Dec 2003

The Toro Company Declares Regular Quarterly Dividend

BLOOMINGTON, Minn., Dec. 4 /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 January 12, 2004 to stockholders of record December 18, 2003.

23 Sep 2003

The Toro Company Declares Regular Quarterly Dividend

BLOOMINGTON, Minn., Sept. 23 /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 17, 2003 to stockholders of record October 3, 2003.

26 Aug 2003

Toro Third Quarter Net Earnings Per Share Up 23% to $1.03

Company Raises Fiscal 2003 Guidance; Profit Improvement Initiatives Continue To Benefit Performance LIVE CONFERENCE CALL August 26, 10 a.m. CDT www.thetorocompany.com/invest BLOOMINGTON, Minn., Aug 26, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Toro Company (NYSE: TTC) today reported net

30 May 2003

The Toro Company Declares Regular Quarterly Dividend

BLOOMINGTON, Minn., May 30, 2003 /PRNewswire-FirstCall via COMTEX/ -- 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 11, 2003 to stockholders of record June 18, 2003.

28 May 2003

Toro Second Quarter Net Earnings Per Share Up 10% To $1.61

Sales Growth and Margin Improvement Benefit Second Quarter Performance LIVE CONFERENCE CALL May 28, 2003 -- 10 a.m. CDT www.thetorocompany.com/invest BLOOMINGTON, Minn., May 28 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today reported net earnings of $42.0 million, or $1.61 per diluted

20 Mar 2003

The Toro Company Announces Two-for-One Stock Split: Declares Regular Quarterly Cash Dividend

BLOOMINGTON, Minn., Mar 20, 2003 /PRNewswire-FirstCall via COMTEX/ -- 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.

25 Feb 2003

Toro Reports First Quarter Earnings Per Diluted Share of $0.54

BLOOMINGTON, Minn., Feb 25, 2003 /PRNewswire-FirstCall via COMTEX/ -- Sales Growth and Margin Increase Drive Improvement in Operating Results And Increase in Fiscal 2003 Guidance Live Conference Call 10 a.m. CST www.toro.com/companyinfo/invest.html The Toro Company (NYSE: TTC) today reported net

12 Feb 2003

Toro Expects First Quarter Earnings Per Diluted Share of $0.52 to $0.54 Will Exceed Its Estimates

BLOOMINGTON, Minn., Feb 12, 2003 /PRNewswire-FirstCall via COMTEX/ -- First Quarter to Benefit from One-Time Gain of $0.16 Per Diluted Share On Legal Settlement The Toro Company (NYSE: TTC) today said it currently expects to report net earnings per diluted share of $0.52 to $0.54 for its fiscal

11 Dec 2002

Toro Exceeds Profit Expectations Before Charges for Fiscal 2002; Expects Double Digit Earnings Growth in Fiscal 2003

LIVE CONFERENCE CALL 10 a.m. CST www.toro.com/companyinfo/invest.html BLOOMINGTON, Minn., Dec. 11 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) today reported net earnings of $5.0 million or $ .39 per diluted share on net sales of $275.4 million for its fiscal fourth quarter ended October

04 Dec 2002

The Toro Company Declares Regular Quarterly Dividend

BLOOMINGTON, Minn., Dec. 4 /PRNewswire-FirstCall/ -- The board of directors of The Toro Company (NYSE: TTC) announced it has declared a regular quarterly cash dividend of 12 cents per share payable January 10, 2003 to stockholders of record December 18, 2002.

19 Sep 2002

The Toro Company Declares Regular Quarterly Dividend

BLOOMINGTON, Minn., Sep 19, 2002 /PRNewswire-FirstCall via COMTEX/ -- The board of directors of The Toro Company (NYSE: TTC) announced it has declared a regular quarterly cash dividend of 12 cents per share payable October 12, 2002 to stockholders of record September 30, 2002.

13 Sep 2002

The Toro Company's Chairman and CFO Certify Financial Statements

BLOOMINGTON, Minn., Sep 13, 2002 /PRNewswire-FirstCall via COMTEX/ -- The Toro Company (NYSE: TTC) today announced that Chairman and Chief Executive Officer Kendrick B. Melrose and Chief Financial Officer Stephen P. Wolfe have signed and filed statements with the U.S.

27 Aug 2002

Toro Posts Double Digit Increase in Third Quarter Net Sales and Earnings

BLOOMINGTON, Minn., Aug 27, 2002 /PRNewswire-FirstCall via COMTEX/ -- LIVE CONFERENCE CALL 10 a.m. CST www.toro.com/companyinfo/invest.html The Toro Company (NYSE: TTC) today reported net earnings of $21.9 million or $1.68 per diluted share on net sales of $375.6 million for its fiscal third

12 Aug 2002

Toro Clarifies Third Quarter and Year End Expectations

BLOOMINGTON, Minn., Aug 12, 2002 /PRNewswire-FirstCall via COMTEX/ -- The Toro Company (NYSE: TTC) in order to further clarify its release this morning currently believes its estimates of net earnings per dilutive share for the third quarter will be in the range of $1.66 to $1.68.

22 May 2002

Toro's 2Q Earnings Exceeds Company Estimates; Company Announces One-Time Tax Benefit of 13 Cents for the Quarter; Company Raises Expectations for the Year

BLOOMINGTON, Minn., May 22, 2002 /PRNewswire-FirstCall via COMTEX/ -- LIVE CONFERENCE CALL 10 a.m. CST http://www.toro.com/companyinfo/invest.html The Toro Company (NYSE: TTC) today announced results for its second quarter ended May 3, 2002: * Net earnings for the second quarter were $36.4 million

16 May 2002

The Toro Company Declares Regular Quarterly Dividend

BLOOMINGTON, Minn., May 16, 2002 /PRNewswire-FirstCall via COMTEX/ -- The board of directors of The Toro Company (NYSE: TTC) announced it has declared a regular quarterly cash dividend of 12 cents per share payable July 12, 2002 to stockholders of record June 18, 2002.

14 Mar 2002

The Toro Company Declares Regular Quarterly Dividend

BLOOMINGTON, Minn., Mar 14, 2002 /PRNewswire-FirstCall via COMTEX/ -- The board of directors of The Toro Company (NYSE: TTC) announced it has declared a regular quarterly cash dividend of 12 cents per share payable April 12, 2002 to stockholders of record March 25, 2002.

25 Feb 2002

The Toro Company Announces Toro Financing for Equipment and Irrigation Acquisitions

BLOOMINGTON, Minn., Feb 25, 2002 /PRNewswire via COMTEX/ -- The Toro Company (NYSE: TTC) announced today the formation of Toro Financing to offer financial solutions for golf courses, municipalities and sports fields to acquire irrigation systems and maintenance equipment.

20 Feb 2002

Toro's 1Q Earnings Exceed Previously Announced Expectations; Company Earns 12 Cents Before Goodwill Write-off and Restructuring Charges; Company Raises Expectations for Full Year

BLOOMINGTON, Minn., Feb 20, 2002 /PRNewswire-FirstCall via COMTEX/ -- LIVE CONFERENCE CALL 10 a.m. CST www.toro.com/companyinfo/invest.html The Toro Company (NYSE: TTC) today announced results for the first quarter ended Feb. 1, 2002: -- Net earnings per dilutive share were 12 cents before the

28 Jan 2002

Toro Announces Improved Operating Outlook before Charges for the First Quarter And Full Year; Announces the Effect of a Change in Accounting Principle

BLOOMINGTON, Minn., Jan. 28 /PRNewswire/ -- The Toro Company (NYSE: TTC) today announced that it expects to be profitable during the first quarter of fiscal 2002, excluding one time charges, exceeding current analyst expectations. The company had previously said it expected a loss of 20 cents per

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.