The Toro Company specializes in the global development, manufacturing, distribution, and sale of a diverse array of equipment for both commercial and ...
The Toro Company, founded in 1914, is a global leader in outdoor environment solutions. Headquartered in Bloomington, Minnesota, the company designs, manufactures, and markets a wide range of equipment for both commercial and residential use. Its Professional division serves golf courses, sports fields, municipalities, agricultural lands, and contractors with turf maintenance machinery, irrigation systems, and snow/ice control equipment. The Residential division offers lawn mowers, snow blowers, trimmers, and other outdoor tools for homeowners. The company operates through a network of distributors, dealers, and retailers, and also sells directly to governmental entities and rental businesses. As of 2023, Toro employs over 10,000 people. Financially, the company has shown robust performance with a market cap of around $9.5 billion, a price-to-earnings ratio of 28.6, and a dividend yield of 1.6%. Its revenue per share is $48.24, and it maintains a gross profit margin of 33.3%. The company has a strong focus on innovation, with a commitment to quality and customer satisfaction. Under the leadership of Chairman and CEO Richard Olson, who joined in 1986, Toro continues to expand its product portfolio and global presence. The company's long-standing history and dedication to its customers make it a trusted name in the industry.
