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Last €63.35 EUR
Change Today +0.158 / 0.25%
Volume 0.0
TO2 On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 11:15 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

toro co (TO2) Snapshot

Open
€62.47
Previous Close
€63.19
Day High
€63.35
Day Low
€62.41
52 Week High
03/31/15 - €64.86
52 Week Low
10/15/14 - €43.30
Market Cap
3.5B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
55.0M
EX-Date
06/23/15
P/E TM
--
Dividend
€1.00
Dividend Yield
1.29%
Current Stock Chart for TORO CO (TO2)

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toro co (TO2) Details

The Toro Company designs, manufactures, and markets professional turf maintenance equipment and services worldwide. Its Professional segment offers turf and landscape equipment products, such as sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and construction equipment, and other maintenance equipment; and irrigation and lighting products, including sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, and micro-irrigation drip tape and hose products, as well as professionally installed lighting products. This segment markets its products to professional users engaged in maintaining golf courses, sports fields, municipal properties, agricultural fields, residential and commercial landscapes, and removing snow through a network of distributors and dealers, as well as directly to government customers, rental companies, and retailers. The company’s Residential segment provides walk power mowers; riding mowers; snow throwers; replacement parts; and home solutions products, including trimmers, blowers, blower-vacuums, and underground and hose-end retail irrigation products. This segment sells its products to homeowners through a network of distributors and dealers; and an array of home centers, hardware retailers, and mass retailers, as well as through the Internet. The company also provides professional snow and ice removal equipment. The Toro Company sells its products primarily under the Toro, Exmark, Irritrol, Hayter, Pope, Unique Lighting Systems, Lawn-Boy, Lawn Genie, and BOSS trademarks. The company was founded in 1914 and is headquartered in Bloomington, Minnesota.

6,134 Employees
Last Reported Date: 12/22/14
Founded in 1914

toro co (TO2) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $925.0K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $460.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $384.0K
Group Vice President of Residential & Contrac...
Total Annual Compensation: $375.0K
Group Vice President of Commercial & Irrigati...
Total Annual Compensation: $375.0K
Compensation as of Fiscal Year 2014.

toro co (TO2) Key Developments

Toro Reports Earnings Results for the Third Quarter July 31, 2015; Revised Earnings Guidance for the Full Year of 2015

Toro reported earnings results for the third quarter July 31, 2015. For the quarter, the company reported net income of $53.3 million, or $0.94 per share. For the same quarter of 2014, the company reported net income of $50 million, or $0.87 per share. Total revenue of $609.6 million missed the estimated $613. 2 million, but increased 7% to a record level from the year ago period. For the full year of 2015, the company raised its expected earnings outlook to $3.50 per share, up from $3.35 to $3.45 initially. Revenue growth of 10% compares to an earlier estimate of 8% to 10%.

Toro Co. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2015; Revises Earnings Guidance for the Fiscal 2015

Toro Co. reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2015. For the quarter, net sales were $609,615,000 against $567,540,000 a year ago. Operating earnings was $79,405,000 against $72,037,000 a year ago. Earnings before income taxes were $77,616,000 against $70,798,000 a year ago. Net earnings were $53,324,000 or $0.94 per diluted share against $50,013,000 or $0.87 per diluted share a year ago. For the nine months, net sales were $1,910,068,000 against $1,758,551,000 a year ago. Operating earnings was $262,282,000 against $243,514,000 a year ago. Earnings before income taxes were $255,726,000 against $238,669,000 a year ago. Net earnings were $178,037,000 or $3.13 per diluted share against $162,968,000 or $2.82 per diluted share a year ago. Net cash provided by operating activities was $168,014,000 against $164,213,000 a year ago. Purchases of property, plant, and equipment were $37,544,000 against $53,228,000 a year ago. The company has raised its full-year earnings outlook to about $3.50.  Similarly, expected full-year revenue for fiscal 2015 has been refined to about 10%, a change from the previous expectation of about 8 to 10%.

The Toro Company Elects Richard M. Olson as President and Chief Operating Officer, Effective September 1, 2015

On August 18, 2015, the board of directors of The Toro Company elected Richard M. Olson as the company's president and chief operating officer effective September 1, 2015 and subject to his written acceptance. Mr. Olson accepted this new position, and the company announced his election as president and chief operating officer, on August 19, 2015. Mr. Olson has served the company in various roles throughout his 29-year tenure, most recently as group vice president of its International and Micro-Irrigation businesses while also having responsibility for global distributor development and its wholly-owned domestic distributorships. In this new role, Mr. Olson will continue to report to Michael J. Hoffman, chairman of the board and chief executive officer, and will oversee all of the company's businesses and global operations. Mr. Olson will serve in his new position until his successor is elected by the company's board of directors.

 

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Industry Analysis

TO2

Industry Average

Valuation TO2 Industry Range
Price/Earnings 21.3x
Price/Sales 1.7x
Price/Book 8.4x
Price/Cash Flow 20.6x
TEV/Sales 1.5x
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