Edition:
United States

Profile: Toro Co (TTC.N)

TTC.N on New York Stock Exchange

70.12USD
18 Aug 2017
Change (% chg)

$1.26 (+1.83%)
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Volume
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The Toro Company (Toro), incorporated on November 7, 1983, is engaged in the designing, manufacturing and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products. The Company operates through three segments: Professional, Residential and Distribution. Under the Professional segment, Toro designs professional turf. Under its Residential segment, it markets its Residential segment products to homeowners. The brands include Toro, Exmark, BOSS, Irritrol, Hayter, Pope, Unique Lighting Systems and Lawn-Boy. Its subsidiaries include Red Iron Holding Corporation, Toro LLC, Hayter Holdings Limited, The Holiman Co. Inc. and Exmark Manufacturing Company Incorporated.

Toro designs professional turf, landscape and lighting, rental and specialty construction, snow and ice management, and agricultural products. These products are sold to professional users engaged in creating, renovating and illuminating landscapes; irrigating turf and agricultural fields; installing, repairing, and replacing underground utilities; managing snow and ice needs, and maintaining turf, such as golf courses, sports fields, municipal properties, as well as residential and commercial landscapes. Its markets include golf market, landscape contractor equipment market, sports fields and grounds equipment market, snow and ice management market, rental and specialty construction market, underground construction market, and residential/commercial irrigation and lighting market.

The Company's products for the golf course market include large reel and rotary riding products for fairway, rough, and trim cutting; riding and walking mowers for putting greens and specialty areas; greens rollers; turf sprayer equipment; utility vehicles; aeration equipment, and bunker maintenance equipment. The Reelmaster 3555-D and Reelmaster 3575-D are fairway mowers. These mowers, as well as most other Reelmaster and Greensmaster models, include its new EdgeSeries Reels. It manufactures and markets underground irrigation systems for the golf course market, including sprinkler heads, controllers, turf sensors, and electric, battery-operated and hydraulic valves. The TruJector feature provides an adjustable angle of nozzle trajectory, as well as a water distribution control. Its INFINITY Series golf course sprinklers with the Smart Access feature are designed to provide access to critical components of the sprinkler without needing to dig. Toro's Lynx central control system allows superintendents to control the irrigation of their course from a Web-enabled device, or via its National Support Network, which provides remote troubleshooting. It manufactures and markets Twilightgolf lighting products that include a collection of Light Emitting Diode (LED)-powered cup lights and removable lighting fixtures designed to illuminate putting greens during club events or special functions.

In the landscape contractor equipment market, Toro markets products to landscape contractors under the Toro and Exmark brands. Products for the landscape contractor market include zero-turn radius riding mowers, heavy-duty walk behind mowers, mid-size walk behind mowers, stand-on mowers, and turf renovation and tree care equipment. The Company offers products with electronic fuel injection engine options, which are designed to provide fuel efficiency and lower emissions. The TITAN HD zero-turn radius riding mower features the ability to attach tools and other accessories to the mower with tool-mounting brackets. The Exmark Radius zero-turn radius riding mower features a heavy-duty fabricated frame and control to provide commercial durability, reliability and comfort. The GrandStand MULTI FORCE stand-on mower features hydraulic systems intended for maintenance and operator controls.

In the sports fields and grounds equipment market, products include riding rotary, reel mowers and attachments, aerators and debris management products, which include debris vacuums, blowers and sweepers. Other products include infield grooming equipment and multipurpose vehicles, such as the Toro Workman GTX that can be used for turf maintenance, towing and industrial hauling.

In the snow and ice management market, products are marketed under the BOSS brand, and include snowplows, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, all-terrain vehicles (ATVs), utility task vehicles (UTVs), skid steers and front-end loaders. The HTX V-Plow is designed for light-duty and half-ton trucks.

In the rental and specialty construction market, utility loaders are the cornerstone products for its Toro Sitework Systems business, which are designed to manage the efficiency in creation and renovation of landscapes. The Dingo TX 1000 compact utility loader provides market operating capacity in a lightweight, maneuverable design. It offered approximately 35 attachments for its compact utility loaders, including trenchers, augers, vibratory plows and backhoes, as of October 31, 2016. Products for the rental and specialty construction market include compact utility loaders, walk-behind trenchers, stump grinders and turf renovation products, many of which are also sold to landscape contractors. Toro also has a line of rental products that feature concrete and mortar mixers, material handlers, compaction equipment and other concrete equipment.

In its underground construction market, it manufactures a line of directional drills and riding trenchers used to install water, gas, electric and telecommunication distribution systems. Its underground products are used by specialty contractors around the world. In its residential/commercial irrigation and lighting market, Turf irrigation products marketed under the Toro and Irritrol brands include rotors; sprinkler bodies and nozzles; plastic, brass, and hydraulic valves; drip tubing and subsurface irrigation; electric control devices, and wired and wireless rain, freeze, climate and soil sensors. These products are designed for use in residential and commercial turf irrigation applications. Its micro-irrigation market includes products that are designed to apply water precisely, including Aqua-Traxx PBX drip tape, Neptune flat emitter dripline, Blue Stripe polyethylene tubing, BlueLine drip line and NGE emitters, which are all used in agriculture, mining and landscape applications.

The Residential segment provides products, such as walk power mower products, riding products, home solutions products and snow thrower products. The Company manufactures and markets various walk power mower models. It offers a line of rear-roller walk power mowers, which provides a striped finish. The Lawn-Boy all-wheel drive lawnmower is designed to climb hills and power through rough terrain. Riding products primarily consist of zero-turn radius mowers that are designed to save homeowners time by using maneuverability to cut around obstacles. Its TimeCutter SS and TimeCutter MX zero-turn radius riding mowers are equipped with its Smart Speed control system, which is designed to allow the operator to choose different ground speed ranges with the flip of a lever without changing the blade or engine speed.

Toro designs and markets home solutions products under the Toro and Pope brand names. Toro brand name products include yard tools, such as electric, gas, and cordless grass trimmers; electric and cordless hedge trimmers, and electric, gas, and cordless blower-vacuums. It designs and markets garden product offerings, such as underground, hose and hose-end retail irrigation products. It also manufactures and markets a range of gas-powered single-stage and two-stage snow thrower models, as well as a range of electric snow thrower models. Single-stage snow throwers are walk behind units with lightweight four-cycle gasoline engines. Its two-stage snow throwers are generally designed for areas of deep and heavy snow. Its Distribution segment consists of Company-owned domestic distributorship, which has been combined with its corporate activities.

Company Address

Toro Co

8111 Lyndale Ave S
BLOOMINGTON   MN   55420-1196
P: +1952.8888801
F: +1302.6745266

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