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The Toro Company  (TTC)
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Price: $89.7100 $1.31 1.482%
Day's High: $90.3 Week Perf: 1.15 %
Day's Low: $ 88.14 30 Day Perf: -5.83 %
Volume (M): 1,637 52 Wk High: $ 111.85
Volume (M$): $ 146,855 52 Wk Avg: $94.92
Open: $88.14 52 Wk Low: $78.35



 Market Capitalization (Millions $) 9,393
 Shares Outstanding (Millions) 105
 Employees 6,682
 Revenues (TTM) (Millions $) 4,405
 Net Income (TTM) (Millions $) 288
 Cash Flow (TTM) (Millions $) 25
 Capital Exp. (TTM) (Millions $) 139

The Toro Company

We design, manufacture, and market professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products. With our acquisition of the BOSS® professional snow and ice management business in the first quarter of fiscal 2015, we also design, manufacture, and market professional snow and ice management products. We produced our first mower for golf course use in 1921 when we mounted five reel mowers on a Toro tractor, and we introduced our first lawn mower for residential use in 1935. We have continued to enhance our product lines over the more than 100 years we have been in business. We classify our operations into three reportable business segments: Professional, Residential, and Distribution. Our Distribution segment, which consists of our company-owned domestic distributorships, has been combined with our corporate activities and is shown as "Other."

Our products are advertised and sold at the retail level under the primary trademarks of Toro®, Exmark®, BOSS®, Irritrol®, Hayter®, Pope®, Unique Lighting Systems®, and Lawn-Boy® most of which are registered in the United States and/or in the primary countries outside the United States where we market such products. This report also contains trademarks, trade names, and service marks that are owned by other persons or entities, such as The Home Depot, Inc. ("The Home Depot").

We emphasize quality and innovation in our products, customer service, manufacturing, and marketing. We strive to provide well-built, dependable products supported by an extensive service network. We have committed funding for research, development, and engineering in order to improve and enhance existing products and develop new products. Through these efforts, we seek to be responsive to trends that may affect our target markets now and in the future. A significant portion of our revenues has historically been, and we expect will continue to be, attributable to new and enhanced products. We define new products as those introduced in the current and previous two fiscal years. We plan to continue to pursue targeted acquisitions using a disciplined approach that adds value while supplementing our existing brands and product portfolio.

Our purpose is to help our customers enrich the beauty, productivity, and sustainability of the land. Our vision is to be the most trusted leader in solutions for the outdoor environment. Every day. Everywhere. Our mission, or how we strive to make our vision a reality and what we intend to accomplish, is to deliver superior innovation and to deliver superior customer care.

We are committed to an ongoing engineering program dedicated to developing innovative new products and improvements in the quality and performance of existing products. However, a focus on innovation also carries certain risks that new technology could be slow to be accepted or not accepted by the marketplace. We attempt to mitigate these risks through our focus on and commitment to understanding our customers needs and requirements. We invest time upfront with customers, using "Voice of the Customer" tools, to help us develop innovative products that are intended to meet or exceed customer expectations. We use Design for Manufacturing and Assembly ("DFM/A") tools to ensure early manufacturing involvement in new product designs intended to reduce production costs. DFM/A focuses on reducing the number of parts required to assemble new products, as well as designing products to move more efficiently through the manufacturing process. We strive to make improvements to our new product development system as part of our continuing focus on Lean methods to shorten development time, reduce costs, and improve quality.

We have strategically identified specific core manufacturing competencies for vertical integration, such as injection molding, extrusion, welding, painting, machining, and aluminum die casting, and have chosen outside vendors to provide other services. We design component parts in cooperation with our vendors, contract with them for the development of tooling, and then enter into agreements with these vendors to purchase component parts manufactured using the tooling. In addition, our vendors regularly test new technologies to be applied in the design and production of component parts. Manufacturing operations include robotic and computer-automated equipment intended to speed production, reduce costs, and improve the quality, fit, and finish of our products. Operations are also designed to be flexible enough to accommodate product design changes that are necessary to respond to market conditions and changing customer requirements.

In order to utilize our manufacturing facilities and technology more effectively, we pursue continuous improvements in our manufacturing processes with the use of Lean methods that are intended to streamline work and eliminate waste. We spend considerable effort to reduce manufacturing costs through Lean methods and process improvement, product and platform design, application of advanced technologies, enhanced environmental management systems, safety improvements, and improved supply-chain management. We also have some agreements with other third party manufacturers to manufacture products on our behalf.

Our professional products are manufactured throughout the year. Our residential lawn and garden products are also generally manufactured throughout the year. However, our residential snow thrower products are manufactured in the summer and fall months but may be extended into the winter months, depending upon demand. Our products are tested in conditions and locations similar to those in which they are used. We use computer-aided design and manufacturing systems to shorten the time between initial concept and final production. DFM/A principles are used throughout the product development process to optimize product quality and cost.

Our production levels and inventory management goals are based on estimates of retail demand for our products, taking into account production capacity, timing of shipments, and field inventory levels. Our production system utilizes Kanban, supplier pull, and build-to-order methodologies in our manufacturing facilities, as appropriate, for the business units they support in order to better align the production of our products to meet customer demand. We believe this has resulted in improved service levels for our participating suppliers, distributors, and dealers.

We periodically shut down production at our manufacturing facilities in order to allow for maintenance, rearrangement, capital equipment installation, and as needed, to adjust for market demand. Capital expenditures for fiscal 2016 are planned to be approximately $70 million as we continue the renovation of our original corporate facility located in Bloomington, Minnesota to accommodate additional expansion needs for our product development and test capacities. Additionally, we plan to invest in new product tooling, new technology in production processes and equipment, replacement production equipment, and investments in new and existing facilities.



   Company Address: 8111 Lyndale Avenue South Bloomington 55420 MN
   Company Phone Number: 888-8801   Stock Exchange / Ticker: NYSE TTC
   


Customers Net Income fell by TTC's Customers Net Profit Margin fell to

-62.48 %

2.55 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AGCO        1.53% 
CNHI        1.98% 
DE        3.4% 
EMR        0.42% 
GNRC   -4.01%    
SWK   -3.57%    
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The Toro Company

The Toro Company Faces Tough Times: EPS Drops Due to Weak Sales

The Toro Company, a global leader in the manufacturing of outdoor maintenance equipment, experienced a decline in its share price during the month of March, bringing the overall decrease to 0.79% for the quarter. This downward trend is reflected in the company's financial results for the first quarter of fiscal year 2024, which were announced on March 7, 2024.
In these results, The Toro Company reported a significant decline in both top and bottom-line figures. Revenue decreased by 12.825% year on year, dropping to $1.00 billion from $1.15 billion in the same period last year. Similarly, earnings per share fell by 38.61% to $0.62 from $1.01 in the previous year. These results are in stark contrast to the rest of the Appliance & Tool sector, which saw a rise in revenues during the same period.

The Toro Company

Major Decline in Earnings: The Troubling Financial Results of Appliance & Tool Giant, The Toro Company



The Toro Company, a leading Appliance & Tool company, recently announced its financial results for the most recent fiscal period. The company reported a decline in both net profit per share and revenue, signaling challenges in its performance. Here is a breakdown of the key findings:
1. Net Profit per Share:
The net profit per share dropped by approximately 39.74% compared to the previous fiscal year. The earnings per share (EPS) for the current period stood at $0.67, while it was $1.12 during the same timeframe a year ago.
2. Revenue:
Revenue decreased by around 16.118% year-on-year, with the current fiscal period's revenue totaling $983.08 million compared to $1.17 billion in the previous year's period.

The Toro Company

The Toro Company Overcomes Recent Deficit at TTC, Demonstrating Resilience and Long-Term Potential



In the dynamic world of the stock market, fluctuations are inevitable. While some companies may face temporary setbacks, it is essential to analyze their long-term potential. The Toro Company, a renowned player in the industry, recently released its financial report for the most recent fiscal period. Although the figures indicated a dip in profits and revenue, a closer look reveals a company with intrinsic strengths and a promising future. Let us delve into the details and understand why The Toro Company continues to be a valuable investment.
Weathering the Storm:
The recent fiscal period reflected a setback for The Toro Company, as it slipped into a deficit of $-0.14 per share, a sharp contrast from $1.19 a year ago. Furthermore, income per share fell to $1.59 from the preceding quarter. Although these figures may raise concerns initially, it is vital to consider the context in which they occurred.

The Toro Company

Stunning Fiscal Triumph: Toro Company Posts Robust Growth in Q2 2023 with Profits Skyrocketing by 28.23%

The Toro Company, a leading provider of solutions for outdoor environments, reported strong financial results in its May 05 2023 report. Revenue for the period increased by 7.191%, reaching $1.34 billion compared to $1.25 billion in the previous year. The company also posted a significant profit improvement of 28.23% to $1.59 per share compared to $1.24 in the prior year quarter.
The company's performance improved significantly compared to the first quarter, with revenue increasing by 16.581% from $1.15 billion, and earnings per share soaring by 57.43% from $1.01. The results indicate a strong growth trend that demonstrates the company's resilience even in the face of economic uncertainty.
The company's net earnings for the March to May 05 2023 interval increased by 27.71% from $131.125 million to $167.465 million. This improvement is a result of the Toro Company's efforts to improve its profit margins. During the period, the net margin rose to 12.5%, while the operating margin edged up to 16.34%.
Operating earnings also rose substantially, marking an improvement of 28.27% to $218.796 million. This growth is a clear indication of the company's operational efficiency and execution of strategy.
The Toro Company is poised to report further impressive financial results in the next few months. The company's next financial report is scheduled for August 31, 2023, and the market and investors alike will be waiting with bated breath to see what results the Toro Company will post.






 

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