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Company research15 Apr 2024
The Industrial Machinery, Supplies, and Components Industry
Explore the industrial machinery industry's growth, driven by technology, sustainability, and digital transformation, impacting global economic development.
The Toro Company
The Toro Company (TTC) investor relations material
The Toro Company 25th Annual Diversified Industrials & Services Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.25th Annual Diversified Industrials & Services Conference summary25 Sep, 2026
Leadership transition and strategic direction
Incoming CEO Edric Funk emphasizes continuity with evolution, leveraging a strong foundation in innovation, product portfolio, and customer relationships while adapting to evolving market needs.
Focus will shift toward accelerating commercialization and adoption of autonomous, smart, and alternative energy technologies, building on prior investments.
Integration across acquired brands and product lines will increase, with more alignment in technology and channels.
Productivity initiatives like AMP have delivered $125 million in annual run-rate savings, now embedded in company culture.
Growth, especially in professional and infrastructure markets, will be prioritized alongside ongoing productivity and innovation.
Business mix, end markets, and growth drivers
Professional markets, including golf, underground infrastructure, and snow management, are the primary focus, with residential products comprising a small share of EBITDA.
Underground infrastructure is a major growth area, driven by demand for fiber, water, and power installations, as well as aging infrastructure replacement.
The BOSS snowplow business is margin-accretive, benefiting from recent strong winters and healthy channel inventory.
Golf remains resilient, with record rounds played, robust investment, and new technology integration in equipment and irrigation.
Electrification and autonomous solutions are gaining traction, especially in golf, with strong customer interest and early adoption.
Financial performance and outlook
Earnings were flat for several years due to market disruptions, but recent improvements in inventory and margins have restored double-digit earnings growth guidance.
Free cash flow conversion exceeds 120%, and leverage is stable at 1.3x, providing strategic flexibility.
The AMP productivity initiative exceeded its $125 million savings target, with permanent cost reductions supporting future margin expansion.
The company aims to sustain double-digit earnings growth, driven by productivity, strong end markets, and margin expansion.
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Latest events from The Toro Company
- Q3 2026 net sales up 8.4%, EPS up 7.3%, and guidance raised on strong segment growth.TTC
Q3 2026 - Q2 2026 sales up 8.1%, adjusted EPS up 12.7%, and guidance raised on strong segment growth.TTCQ2 2026
- Record cash flow, higher dividends, and all proposals approved; no stakeholder questions.TTCAGM 2026
- Raised full-year outlook after Q1 sales and EPS growth, led by Professional segment and Tornado deal.TTCQ1 2026
- Shareholders to vote on key governance, compensation, and capital structure changes.TTCProxy Filing
- Key votes include director elections, auditor ratification, and amendments to corporate charter.TTCProxy Filing
- Record sales and strong cash flow drove higher dividends, buybacks, and margin improvement.TTCQ4 2024
- Record Q2 sales led by residential growth; guidance reaffirmed amid strong demand.TTCQ2 2024
- Professional segment growth and cost controls offset Residential weakness as FY25 guidance is lowered.TTCQ2 2025
Next The Toro Company earnings date
Q4 202617 Dec, 2026
The Toro Company
Next The Toro Company earnings date
Q4 202617 Dec, 2026
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Frequently asked questions
The Toro Company engages in the designing, manufacturing, marketing, and selling professional and residential equipment worldwide. It offers turf maintenance equipment, including walk power mowers, riding mowers, utility vehicles and zero radius turning mowers; snow removal products comprising single stage and two stage snowthrowers; grounds care equipment consisting of aerators, spreaders, sprayers, overseeders, pedestrian edgers and walk behind blowers; and residential irrigation products comprising golf rotors and sprays. The Toro Company was founded in 1914 and is headquartered in Bloomington, Minnesota.