Financial Data and Key Metrics Changes - The Toro Company reported total net sales for Q3 2021 of $976.8 million, a 16.2% increase year-over-year [21] - Reported EPS was $0.89 per diluted share, up from $0.82 last year, while adjusted EPS was $0.92, reflecting a 12.2% increase [21][22] - Gross margin decreased to 33.9%, down 110 basis points compared to the same period last year [25] - Year-to-date free cash flow was $429 million with a conversion ratio of 123% [29] Business Line Data and Key Metrics Changes - Professional segment net sales increased by 15.2% to $718.5 million, driven by demand in landscape contractor, golf, and snow management markets [22][23] - Residential segment net sales rose by 23% to $252.1 million, primarily due to strong retail demand for zero-turn and walk power mowers [24] - Professional segment earnings increased by 7.6% to $122.3 million, while residential segment earnings rose by 10.5% to $31.5 million [23][24] Market Data and Key Metrics Changes - The company experienced robust demand across global markets, particularly in landscape contracting and golf [10][14] - Supply chain constraints and inflationary pressures were noted as significant challenges affecting product availability and costs [15][17] Company Strategy and Development Direction - The Toro Company is focused on investing in new product development, enhancing distribution, and maintaining strong relationships with channel partners [14][18] - Strategic investments are being made in alternative power, smart connected, and autonomous technologies [19][20] - The company aims to accelerate profitable growth while managing operational challenges and inflationary pressures [20][33] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain and inflation challenges but expressed confidence in the company's ability to manage these factors [15][41] - The company updated its full-year fiscal 2021 guidance, expecting net sales growth above 17% and adjusted EPS in the range of $3.53 to $3.57 per diluted share [37][39] - Management remains optimistic about long-term growth opportunities despite current operational headwinds [51][52] Other Important Information - The company has maintained a strong liquidity position with $1.1 billion available, including cash and cash equivalents of $535 million [30] - Recent acquisitions and increased capital expenditures reflect the company's commitment to innovation and capacity expansion [31][32] Q&A Session Summary Question: Sales guidance increase to 17% - how much is price vs. volume? - Management indicated that the majority of the sales guidance increase relates to volume, driven by strong business fundamentals [54] Question: Progress on passing through cost inflation? - Management noted that while they have taken multiple pricing actions, they have not fully realized all pricing impacts yet [59][60] Question: Residential growth contribution from Tractor Supply? - Management stated that the growth was broad-based and not solely dependent on Tractor Supply, with multiple initiatives contributing [66][68] Question: Annualized inflation and supply chain impacts? - Management highlighted significant material and commodity inflation, particularly in steel and resins, and noted ongoing logistics challenges [77][80] Question: Expected price benefit to fiscal '22 sales? - Management indicated that price increases are expected to be more significant than normal due to multiple pricing actions taken [93][94] Question: Fourth quarter guidance and timing of shipments? - Management explained that the stronger third quarter impacted fourth quarter expectations, with ongoing inflation and supply chain challenges anticipated [100][101] Question: Infrastructure stimulus effects on Ditch Witch? - Management expressed strong fundamentals for the Ditch Witch business, with significant demand expected from infrastructure investments [102][104] Question: Backlog situation and visibility on meeting it? - Management confirmed that the backlog is continuing to grow, reflecting strong demand relative to supply constraints [144]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended July 30, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to Commission File Number: 1-8649 THE TORO COMPANY (Exact name of registrant as specified in its charter) State or Other Jurisdiction of Incorporation or O ...

The Toro Company (NYSE:TTC) Q2 2021 Earnings Conference Call June 3, 2021 11:00 AM ET Company Participants Julie Kerekes – Treasurer and Senior Managing Director-Investor Relations Rick Olson – Chairman and Chief Executive Officer Renee Peterson – Vice President and Chief Financial Officer Conference Call Participants Sam Darkatsh – Raymond James Tom Mahoney – Cleveland Research Tim Wojs – Baird David MacGregor – Longbow Research Ross Gilardi – Bank of America Mike Shlisky – Colliers Securities Operator Goo ...

The Toro Company THE TORO COMPANY Investor Presentation June 2021 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|---------|-------|-----------|--------| | | | | | | | | | | | TORO. | | | | UNIOI | | | | | | | | | | | | | | | | | | | | | TRENCOR | | Irritrol. | � POPE | SAFE HARBOR • This presentation contains forward-looking statements regarding our business and future financial and operating results made pursuant to the safe harbor provisions of the Private ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended April 30, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (Exact name of registrant as specified in its charter) State or Other Jurisdiction of Incorporation or Organization For the Transition Period from to Commission File Number: 1-8649 Dela ...

The Toro Company THE TORO COMPANY Investor Presentation March 2021 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|---------|-------|-----------|--------| | | | | | | | | | | | TORO. | | | | UNIOI | | | | | | | | | | | | | | | | | | | | | TRENCOR | | Irritrol. | � POPE | SAFE HARBOR • This presentation contains forward-looking statements regarding our business and future financial and operating results made pursuant to the safe harbor provisions of the Privat ...

The Toro Company (NYSE:TTC) Q1 2021 Earnings Conference Call March 4, 2021 11:00 AM ET Company Participants Nicholas Rhoads – Managing Director of Investor Relations Rick Olson – Chairman and Chief Executive Officer Renee Peterson – Vice President, Treasurer and Chief Financial Officer Conference Call Participants Tim Wojs – Baird Mike Shlisky – Colliers Securities Eric Bosshard – Cleveland Research Company Ross Gilardi – Bank of America David MacGregor – Longbow Research Operator Good day, ladies and gentl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended January 29, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to Commission File Number: 1-8649 THE TORO COMPANY (Exact name of registrant as specified in its charter) State or Other Jurisdiction of Incorporation o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended October 31, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to Commission file number: 1-8649 THE TORO COMPANY 8111 Lyndale Avenue South Bloomington, Minnesota 55420-1196 Telephone Number: (952) 888-8801 (Address, including zip code, a ...

The Toro Company (NYSE:TTC) Q4 2020 Earnings Conference Call December 16, 2020 11:00 AM ET Company Participants Nicholas Rhoads - Managing Director, Investor Relations Rick Olson - Chairman and Chief Executive Officer Renee Peterson - Vice President, Treasurer and Chief Financial Officer Conference Call Participants Mike Shlisky - Colliers Securities Tim Wojs - Robert W. Baird Eric Bosshard - Cleveland Research Sam Darkatsh - Raymond James David MacGregor - Longbow Research Operator Ladies and gentlemen, th ...