Sector: Industrials | Industry: Heavy Machinery & Vehicles |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 8111 Lyndale Ave South BLOOMINGTON MN 55420-1196 |
Tel: | N/A |
Website: | https://www.thetorocompany.com |
IR: | See website |
Key People | ||
Richard M. Olson Chairman of the Board, President, Chief Executive Officer | Peter D. Moeller Group Vice President - Underground and Specialty Construction | Angela C. Drake Chief Financial Officer, Vice President |
Joanna M. Totsky Vice President, General Counsel, Company Secretary | Margeaux M. King Vice President - Human Resources | Jason P. Baab Vice President- Strategy, Corporate Development and Sustainability |
Kevin N. Carpenter Vice President - Global Operations and Integrated Supply Chain | Amy E. Dahl Vice President - International | Edric C. Funk Group Vice President - Golf, Grounds and Irrigation Businesses | Gregory S. Janey Group Vice President - Landscapes and Contractor |
Business Overview |
The Toro Company designs, manufactures, markets and sells professional turf maintenance equipment and services; turf irrigation systems; landscaping equipment and lighting products; snow and ice management products; agricultural irrigation (ag-irrigation) systems; rental, specialty and underground construction equipment, and residential yard and snow thrower products. The Company operates through two segments: Professional and Residential. The Professional segment consists of turf and landscape equipment; rental, specialty, and underground construction equipment; snow and ice management equipment, and irrigation and lighting products. The Residential segment consists of consists of walk power mowers, zero-turn riding mowers, snow throwers, replacement parts, and home solutions products, including grass trimmers, hedge trimmers, leaf blowers, blower-vacuums, chainsaws, string trimmers, and underground, hose, and hose-end retail irrigation products sold in Australia and New Zealand. |
Financial Overview |
For the three months ended 02 February 2024, Toro Co revenues decreased 13% to $1B. Net income decreased 39% to $64.9M. Revenues reflect Professional segment decrease of 14% to $756.5M, Residential segment decrease of 9% to $240.1M, United States segment decrease of 12% to $796.9M, Foreign Countries segment decrease of 16% to $205M. Net income also reflects Interest Expense increase of 15% to $16.2M (expense), Other income. |
Employees: | 10,706 as of Oct 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $9,788M as of Feb 2, 2024 |
Annual revenue (TTM): | $4,406M as of Feb 2, 2024 |
EBITDA (TTM): | $660.82M as of Feb 2, 2024 |
Net annual income (TTM): | $287.74M as of Feb 2, 2024 |
Free cash flow (TTM): | $0.19M as of Feb 2, 2024 |
Net Debt Last Fiscal Year: | $988.10M as of Feb 2, 2024 |
Shares outstanding: | 104,406,800 as of Feb 29, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |