BNET Industries
Market Cap:$1.4B
Last Fiscal Year Sales:$1.8B
- Public
- US
Dow Jones Description
The Toro Company is committed to helping customers beautify and preserve the outdoor environments. We make landscapes green, healthy, and safe with superior, innovative, and environmentally sound products, services and systems. Since 1914, we've built our reputation on superior customer care and constant innovation. Our precision equipment and irrigation systems provide an integrated approach to landscape management that no other competitor in the industry can provide. To see how we've grown, read more about the history of The Toro Company. Our maintenance equipment product line includes mowers, aerators, sprayers, trimmers, blowers, compact utility loaders and vehicles. Water management tools include high technology irrigation systems with computerized controllers, valves, sprinklers, micro-drip irrigation systems, and precision turf management. You can learn more about The Toro Company by downloading our 2008 Corporate Profile. Toro's customers are a diverse group that includes golf course superintendents, groundskeepers, sports field managers, landscape contractors, fruit and vegetable growers, and homeowners. To learn more about how our brands benefit these varied customers, visit Our Brands section. Finally, Toro believes our leadership and success bring with it a responsibility to give back to the industry and the communities where we do business. ...
Chairman, President & CEO
Michael J HoffmanNumber of Employees 4,966
Contact Information
8111 Lyndale Ave S
Bloomington, Minnesota 55420-1196
(952) 888-8801
Peer Companies
NAICS Code Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing: 333112
Recent Events
-
Eight Dividend Achievers Strike Back
-
Kroger, Toro Fall; FedEx, RELM Wireless Rise
-
For Cleaner, Greener Mowing Choose Toro's New Super Recycler
-
Streetwise: Toro can be counted on as long as grass grows and snow falls
-
Longbow Research Upgrades Toro Company TTC to Neutral
-
Toro recalls zero turn mowers
-
Toro Appoints Judy Altmaier As VP, Operation - Quick Facts
-
The Toro Company TTC Declares Regular Quarterly Dividend of 15c, Yielding 1.44%
-
Minnesota's National Sports Center renews agreement with Toro
-
Raymond James Upgrades Toro Co. TTC to Outperform
-
TCF Inventory Finance, Inc. Partners with The Toro Company to Provide Floorplan Financing to Toro...
-
Can Toro Run With the Bulls?
-
The Toro Company Partners with PrimeRevenue and Wells Fargo to Improve Working Capital
-
Toro and Advanced Sensor Technology Resolve Wireless Soil Monitoring Dispute
News & Analysis
Filter by
finance and toro co. - All News and Analysis
Toro Company F4Q09 (Qtr End 09/30/09) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from the line of Jim Lucas - Janney Montgomery Scott. Jim Lucas - Janney Montgomery Scott A couple of questions here; first, I guess to kind of go reverse order here. You touched on capital allocation to a certain degree, clearly...
Toro Company F3Q09 (Qtr End 06/31/09) Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions And your first question comes from the line of Jim Lucas with Janney Montgomery Scott. Please proceed. Jim Lucas - Janney Montgomery Scott Couple of questions; Steve, first, on that $0.15 you alluded to three different buckets that fell within. Was that fairly evenly distributed...
The Toro Company Announces Public Offering Of Senior Notes
BLOOMINGTON, Minn. -- The Toro Company (NYSE:TTC) today announced that it has agreed to sell $125 million aggregate principal amount of 6.625% unsecured senior notes due May 1, 2037 in an underwritten public offering. Toro intends to use the proceeds of the offering to pay at maturity its $75 million...
Bloomington, Minn.-Based Firm Looks to Maintain Golf-Course Equipment Sales.
By John Welbes, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News Aug. 17--A few years ago, golf courses around the United States were enjoying a booming economy and the reflected glory of Tiger Woods' success. Only one of those...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Michael D. Drazan | CIO & Vice President, Corp Services |
| Stephen P. Wolfe | Chief Financial Officer |
| Andy B. James | Vice President & Controller |
| Bill Brown | Vice President, Consumer Business and Lcb |
| Dennis P. Himan | Group Vice President |
| Karen M. Meyer | Vice President of Administration |
| Peter M. Ramstad | Vice President, HR & Business Dev |
| Philip A. Burkart | Vice President, Irrigation Business |
| Randy B. James | Vice President & Controller |
| Sandra J. Meurlot | Vice President, Operations |
| Timothy P. Dordell | General Counsel, Secretary & Vice President |
| Richard W. Rodier | General Manager, Landscape Contractor Business |
| Blake M. Grams | Managing Director |
| Darren L. Redetzke | Managing Director, International Business |
| Michael J. Happe | Managing Director, Commercial Business |
| David J. Hennes | Director of Risk Management |
| John Wright | Director, IR |
| Steve Stephens | Director, Marketing |
| Tom M Swain | director of marketing |
| Beth Hannon | Manager, Advertising |
| Judson Tharin | Manager, Community Relations |
| Blake Graham | Controller |
| Anna Boegeman | Project Coordinator |
| Gary A Foss | |
| Christopher A. Twomey | Director |
| Gregg W. Steinhafel | Director |
| J. Lawrence McIntyre | Secretary |
| Janet K. Cooper | Director |
| Robert H. Nassau | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Michael J Hoffman | Chairman, President & CEO |
| Dale R. Olseth | Board of Directors |
| Gary L. Ellis | Board of Directors |
| Inge G. Thulin | Board of Directors |
| Katherine J. Harless | Board of Directors |
| Robert C. Buhrmaster | Board of Directors |
| Winslow H. Buxton | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Toro Myturf | Chairman and CEO | Current |
| WESCO Turf Inc | Chairman and CEO | Current |
| The Toro Company | Chairman, President & CEO | Current |
| Toro Uses Information | Chairman, President and CEO | Current |
| Toro-Wheel Horse | President | Current |
| Trexle | Chairman, President & CEO | Current |
| Outdoor Power Equipment Institute, Inc | Board of Directors | Current |
| University of Minnesota Carlson School of Management | Board of Directors | Current |
| Toro Myturf | Group Vice President of Toro's Consumer | Former |
| WESCO Turf Inc | Executive Officer | Former |
| University of St. Thomas | Bachelor's Degree In Marketing Management | Former |
| Carlson School of Management | MBA | Former |
| University of St. Thomas | Bachelor's Degree In Marketing Management | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | CIO & Vice President, Corp Services | Current |
| The Toro Company | Vice President, Corp Info Services | Former |
| Pillsbury | director of operations, research and development | Former |
| University of Minnesota | bachelor's degree in business administration | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Chief Financial Officer | Current |
| The Toro Company | Vice President, Finance | Current |
| Toro Credit | President | Former |
| Toro Credit | Vice President | Former |
| The Toro Company | Treasurer | Former |
| Adrian College | Bachelors Degree In Mathematics | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Vice President & Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Trexle | Vice President, Consumer Business & Lcb, Toro | Current |
| Toro Myturf | Vice President, Consumer and Landscape Contractor Business | Current |
| Toro Uses Information | Vice President, Consumer and Landscape Contractor Business | Current |
| WESCO Turf Inc | Vice President, Consumer and Landscape Contractor Business | Current |
| The Toro Company | Vice President, Consumer Business and Lcb | Current |
| Fx Group International | Creative Director | Current |
| Bpo Systems, Inc. | Director of Staffing Services | Current |
| California Bpo Systems Private Ltd. | Director of Staffing Services | Current |
| Health Research for Action | Office Manager | Current |
| The Town of Jupiter Island | Vice Mayor | Current |
| CFC International, Inc. | Board of Directors | Current |
| Dovenmuehle Mortgage Inc. | Director | Current |
| The Coaching Company | CEO | Former |
| The Coaching Company | President | Former |
| The Toro Company | General Manager , Commercial Business | Former |
| The Coaching Company | Co-Founder | Former |
| The Coaching Company | Partner | Former |
| The Toro Company | Marketing Manager | Former |
| The Toro Company | Leadership Roles | Former |
| The Toro Company | Board of Directors | Former |
| H&R, Inc. | Director | Former |
| Harvard Business School | MBA | Former |
| San Francisco State University | MA In Human Sexuality Studies | Former |
| Princeton University | B.A. In English Literature | Former |
| University of California, Davis | B.S. In Engineering | Former |
| Harvard University | B.A. in 1964 and | Former |
| Organization | Position | Status |
|---|---|---|
| Trexle | Group Vice President | Current |
| The Toro Company | Group Vice President | Current |
| The Toro Company | President of Exmark Manufacturing | Former |
| Fsi, Inc. | Cfo | Former |
| Exmark Corporation | Vice President | Former |
| Exmark Corporation | General Manager | Former |
| The Toro Company | General Manager, Landscape Contractor Businesses | Former |
| The Toro Company | Director of Planning and Analysis | Former |
| The Toro Company | Corporate Controller | Former |
| Virginia National Bank | Planning Officer | Former |
| Dayton Hudson Corporation | Finance and Administration Roles | Former |
| Old Dominion University | Instructor | Former |
| The Toro Company | Treasurer | Former |
| Columbia University | MBA | Former |
| DePauw University | B.A. In Economics | Former |
Karen M. Meyer serves as vice president of administration for The Toro Company. Meyer oversees all information services, human resources, corporate communications, including public relations, administrative services, and facilities. Meyer reports directly to Michael Hoffman, President and CEO. As a vice president, Meyer is a member of The Toro Foundation board and the Retirement Plan Investment Committee. Meyer also serves on the Greater Minneapolis United Way Human Resources Committee. In 1998, she was given the added responsibilities for the corporate information technology function. Prior to her current position, Meyer held a variety of executive management positions directing the corporate human resources, facilities, administration and corporate communications functions. She joined Toro in 1977. Meyer holds an undergraduate degree in education from the University of Minnesota in Minneapolis, Minnesota.
| Organization | Position | Status |
|---|---|---|
| Trexle | Vice President, Administration | Current |
| The Toro Company | Vice President of Administration | Current |
| University of Minnesota | Undergraduate Degree In Education | Former |
| University of Minnesota | degree in education | Former |
| Organization | Position | Status |
|---|---|---|
| Toro Uses Information | Vice President, Human Resources and Business Development | Current |
| The Toro Company | Vice President, HR & Business Dev | Current |
| Trexle | Vice President, Business and Strategic Development | Current |
| WESCO Turf Inc | Vice President, Human Resources and Business Development | Current |
| Toro Myturf | Vice President, Human Resources and Business Development | Current |
| McGladrey & Pullen, LLP | Partner | Former |
| Personnel Decisions International Corporation | Global Leader | Former |
| University of Minnesota | Ph.D. In Accounting | Former |
| University of Minnesota | Undergraduate Degree In Mathematics and Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Vice President, Irrigation Business | Current |
| The Irrigation Association | Board of Directors | Current |
| The Toro Company | General Manager, International Business | Former |
| The Toro Company | Leadership Role, Micro Irrigation Business | Former |
| Indiana University-Bloomington | degree in management | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Vice President & Controller | Current |
| Organization | Position | Status |
|---|---|---|
| WESCO Turf Inc | Vice President, Operations | Current |
| Toro Myturf | Vice President, Operations | Current |
| Toro Uses Information | Vice President, Operations | Current |
| The Toro Company | Vice President, Operations | Current |
| Trexle | Vice President, Operations | Current |
| Outboard Marine Corporation | Senior Vice President, Manufacturing | Former |
| Rollins College | B. S. Degree In Business Administration | Former |
| Rollins College | degree in business administration | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | General Counsel, Secretary & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Toro Myturf | General Manager, Landscape Contractor Business | Current |
| WESCO Turf Inc | General Manager, Landscape Contractor Business | Current |
| Toro Uses Information | General Manager, Landscape Contractor Business | Current |
| The Toro Company | General Manager, Landscape Contractor Business | Current |
| The Toro Company | Manufacturing Systems Analyst | Current |
| Toro Myturf | Managing Director of Toro's Landscape Contractor Business | Former |
| The Toro Company | Managing Director, Landscape Contractor Business. | Former |
| The Toro Company | Director of Marketing | Former |
| The Toro Company | Senior Marketing Manager | Former |
| University of St. Thomas | M.B.A. | Former |
| Hamline University | Bachelor’S Degree In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Managing Director | Current |
| The Toro Company | Corporate Controller | Current |
| The Toro Company | Director, Corporate Finance | Former |
| The Toro Company | Senior Manager, Corporate Finance | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Managing Director, International Business | Current |
| The Toro Company | Director of Marketingâ?? Golf for the Commercial Business | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Managing Director, Commercial Business | Current |
| The Toro Company | Director of Marketing, International Business | Former |
| The Toro Company | Senior Marketing Manager, Consumer Business. | Former |
| Organization | Position | Status |
|---|---|---|
| Toro Employees Federal Credit Union | Director | Former |
| University of Minnesota | Former | |
| Minnesota Self-Insurers' Association | Treasurer | Current |
| University of St. Thomas | Masters Degree In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Director, IR | Current |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Director, Marketing | Current |
| The Toro Company | Director, Marketing | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | director of marketing | Current |
| University of Minnesota | MBA | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Manager, Advertising | Current |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Manager, Community Relations | Current |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Controller | Current |
Anna began Yoga classes in 2000 and instantly knew this was what she was seeking. It was amazing how headaches were gone, stress was dealt with in a completely different manner, and with each class she grew deeper from within and found PEACE. After many hours of practice, she decided she wanted to become an Instructor. In 2003 she did just that. She wanted to help others also experience all these wonderful things yoga has to offer. Yoga is for ALL who seek it. She also works full time as a Project Coordinator in Commercial Engineering at The Toro Company in Bloomington, MN. She is happily married and has one child that is attending Winona State University. Her husband and daughter support Anna 100% in her Yoga journey.
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Project Coordinator | Current |
| Green Lotus Yoga and Healing Center of Lakeville, LLC. | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Mol-Son | Current | |
| The Toro Company | Current |
Mr. Twomey has been President and Chief Executive Officer of the Company since January 1986 and a director since 1987. In August 2003, he was named Chairman. He has held various executive officer positions with the Company since 1983. Mr. Twomey is currently serving as a director of The Toro Company and director of Universal Trailer Corporation.
| Organization | Position | Status |
|---|---|---|
| Arctic Cat Inc. | Chairman & CEO | Current |
| The Toro Company | Chair | Current |
| Universal Trailer Corporation | Director | Current |
| WESCO Turf Inc | Board of Directors | Current |
| Arctic Cat Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Board of Directors | Current |
Gregg W. Steinhafel is Chairman of the Board, Chief Executive Officer and President of Target. He has been Chief Executive Officer since May 2008 and President since August 1999. He became Chairman on February 1, 2009. He began his career at Target as a merchandising trainee in 1979. Since that time, he has held various management positions with Target. He is also a director of The Toro Co.
| Organization | Position | Status |
|---|---|---|
| Target Corporation | Chief Executive Officer | Current |
| The Toro Company | Chief Executive Officer | Current |
| Target Corporation | Chairman | Current |
| The Toro Company | Director | Current |
| Target Corporation | President | Former |
| Target Corporation | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| 3M Company | Executive Vice President, International Operations | Current |
| The Toro Company | Board of Directors | Current |
| 3M Company | Vice President, Europe and Middle East | Former |
| 3M Company | Division Vice President, Skin Health Division | Former |
| 3M Company | General Manager, Skin Health Division | Former |
| 3M Company | Managing Director, 3M Russia | Former |
| 3M Company | Skin Health Business Unit Director, Skin Health Division | Former |
| 3M Company | European Business Unit Manager, Surgical Devices, 3M Europe | Former |
| 3M Company | Business Manager, Vision Care and Orthopedic Products, 3M Europe | Former |
| 3M Company | Group Manager, Life Sciences Sector, 3M Sweden | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Secretary | Current |
| The Toro Company | General Counsel, Vice President & Secretary | Former |
| The Toro Company | General Counsel | Former |
| University of Minnesota Law School | Llb. | Former |
| Organization | Position | Status |
|---|---|---|
| McData Corporation | Chief Financial Officer | Current |
| Qwest Communications International Inc. | Senior Vice President | Current |
| The Toro Company | Director | Current |
| Qwest Communications International Inc. | Treasurer | Current |
| Lennox International Inc. | Board of Directors | Current |
| McData Corporation | Senior Vice President | Former |
| Quaker Oats Company | Vice President | Former |
| Quaker Oats Company | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Yellow Pages Integrated Media Associationsm | Chair | Current |
| The Toro Company | Board of Directors | Current |
| Leadership America | Member | Current |
| Idearc Media Corp. | President and Chief Executive Officer | Former |
| Vis, LLC | President | Former |
| Verizon Communications Inc. | President, Info Services | Former |
| Idearc Media Corp. | Board of Directors | Former |
| The University of Texas at Austin | Bachelor's Degree In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Innovex, Inc. | Current | |
| SurModics, Inc. | Board of Directors | Current |
| The Toro Company | Board of Directors | Current |
| Jostens, Inc. | Chief Executive Officer | Former |
| Jostens, Inc. | President | Former |
| Corning Incorporated | Former | |
| Jostens, Inc. | Chairman | Former |
| Tuck School of Business at Dartmouth | M.B.A. | Former |
| Rensselaer Polytechnic Institute | B.S. in mechanical engineering | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Director | Current |
| Arctic Cat Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| The Toro Company | Board of Directors | Current |
| Bemis Company, Inc. | Director | Former |
Executive News
-
Target Releases 3Q Earnings
-
Target Named One of the Top Companies for Leaders in North America by Hewitt Associates, The RBL Group and Fortune
-
Sears Holdings Set To Release Q3 Results
-
Headlines: Housing sector not aiding recovery
-
Report: Target eyes smaller-format stores; expansion constrained by real estate availability
-
Target expanding 'PFresh' grocery concept
-
Consumers are coming back, but Target downplays expectations
-
Target proceeds with caution: Discounter's profits up, but same-store sales drop 1.6%
-
Target Posts Better-than-expected Q3 Profits; Sales Up Slightly
-
Target proceeds with caution
-
Discretionary spending drives Target earnings up
-
Target on Target
-
Target profit climbs 18 pct in 3Q on lower costs
-
Target to add ‘PFresh’ grocery concept at 350 stores
-
Toro Reports Fiscal 2009 Second Quarter Results
-
Toro beats Wall Street, despite sales and earnings drops
-
Toro Reports Fiscal 2009 Second Quarter Results
-
Toro Reports Fiscal 2009 Second Quarter Results
-
Toro Reports Fiscal 2009 Second Quarter Results
-
Toro Reports Fiscal 2009 Second Quarter Results
Industry Transcripts by Seeking Alpha
-
Steelcase Incorporated Q3 2010 Earnings Call Transcript
on Dec 18, 2009about SCS
-
Quiksilver Inc. F4Q09 (Qtr End 10/31/09) Earnings Call Transcript
on Dec 17, 2009about ZQK
-
NIKE, Inc. F2Q10 (Qtr End 11/30/09) Earnings Call Transcript
on Dec 17, 2009about NKE
-
Actuant Corp. F1Q10 (Qtr End 11/30/2009) Earnings Call Transcript
on Dec 17, 2009about ATU
-
Apogee Enterprises F3Q10 (Qtr End 11/28/09) Earnings Conference Call Transcript
on Dec 17, 2009about APOG
Glass Door
Toro
IndustryTop Rated
- Google Offers Free Downloads of a Million Books 11 votes
- InsideView Disrupts Legacy Business Info Publishers Like Hoover's 9 votes
- Mobile is the New Mass Medium, For Better or Worse 8 votes
- As Income Mobility Falls, American Dream Fades 7 votes
- Newspapers Will Survive Only If They Remember Why They Exist 6 votes

