News Releases

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.