Investor Relations Jeremy Steffan Director, Investor Relations (952) 887-7962, jeremy.steffan@toro.com Media Relations Branden Happel Senior Manager, Public Relations (952) 887-8930, branden.happel@toro.com For Immediate Release The Toro Company Reports Results for the First Quarter of Fiscal 2024 Continued Strength in Demand Across Construction, and Golf and Grounds Markets Company Reaffirms Full-Year Fiscal 2024 Guidance BLOOMINGTON, Minn.—(BUSINESS WIRE) — March 7, 2024—The Toro Company (NYSE: TTC), a le ...

The Toro Company (NYSE:TTC) Q4 2023 Earnings Conference Call December 20, 2023 11:00 AM ET Company Participants Julie Kerekes - Treasurer and Senior Managing Director of Global Tax and Investor Relations Rick Olson - Chairman and Chief Executive Officer Angie Drake - Vice President and Chief Financial Officer Jeremy Steffan - Director of Investor Relations Conference Call Participants Sam Darkatsh - Raymond James Tim Wojs - Baird Tom Hayes - CL King David MacGregor - Longbow Research Eric Bosshard - Clevela ...

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, 2023 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 (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) Delawa ...

The Toro Company (NYSE:TTC) Q3 2023 Earnings Conference Call September 7, 2023 11:00 AM ET Company Participants Julie Kerekes - Treasurer and Senior Managing Director of Global Tax and Investor Relations Rick Olson - Chairman and Chief Executive Officer Angie Drake - Vice President and Chief Financial Officer Jeremy Steffan - Director of Investor Relations Conference Call Participants Michael Shlisky - D.A. Davidson & Company Tim Wojs - Baird Eric Bosshard - Cleveland Research Company Tom Hayes - C.L. King ...

8 a a COMPANY THE TORO Q3 2023 EARNINGS RELEASE September 7, 2023 Safe Harbor This presentation contains forward-looking statements, which are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current assumptions and expectations of future events and often can be identified by words such as "believe," "forward," "future," "goal," "guidance," "improve," "may," "outlook," "plan," "should," "targ ...

Cautionary Note Regarding Forward-Looking Statements [Forward-Looking Statements Overview](index=3&type=section&id=Forward-Looking%20Statements%20Overview) The report contains forward-looking statements based on current expectations, subject to risks and uncertainties that could cause actual results to differ materially - Forward-looking statements reflect expectations and assumptions believed to be reasonable, often identified by words like 'expect,' 'outlook,' 'guidance,' and 'anticipate'[9](index=9&type=chunk) - These statements relate to future performance, including operating results, liquidity, financial condition, impacts of global supply chain disruptions, inflation, geopolitical tensions, labor markets, business strategies, acquisitions, and regulatory effects[9](index=9&type=chunk) [Risk Factors](index=3&type=section&id=Risk%20Factors) The company identifies various factors, including economic conditions, supply chain, and acquisition risks, that could impact future results - Adverse economic conditions (e.g., uncertainty, slowdowns, inflation, high interest rates, reduced consumer spending) in the U.S. and other countries could materially impact results[10](index=10&type=chunk) - Risks include continuing supply chain disruptions, shortages, and cost increases for commodities, components, parts, and accessories[10](index=10&type=chunk) - Acquisition and alliance risks, such as integration difficulties, loss of customers, and failure to achieve expected synergies, could adversely affect the business[10](index=10&type=chunk) - Other factors include weather conditions, ability to develop new products, competition, operational disruptions, retention of key employees, international operation risks (e.g., foreign currency fluctuations, geopolitical tensions), legal and regulatory compliance, intellectual property protection, and cybersecurity failures[10](index=10&type=chunk)[11](index=11&type=chunk)[13](index=13&type=chunk) PART I. Financial Information [Item 1. Financial Statements](index=5&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) This section presents the company's unaudited condensed consolidated financial statements, including statements of earnings, comprehensive income, balance sheets, cash flows, and stockholders' equity [Condensed Consolidated Statements of (Loss) Earnings (Unaudited)](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20(Loss)%20Earnings%20(Unaudited)) Net loss for three months ended August 4, 2023, due to impairment charges; nine-month net sales increased, but net earnings decreased Condensed Consolidated Statements of (Loss) Earnings (Unaudited) | Metric (in thousands) | Three Months Ended Aug 4, 2023 | Three Months Ended Jul 29, 2022 | Nine Months Ended Aug 4, 2023 | Nine Months Ended Jul 29, 2022 | | :-------------------- | :----------------------------- | :----------------------------- | :---------------------------- | :---------------------------- | | Net sales | $1,081,784 | $1,160,550 | $3,569,950 | $3,342,678 | | Cost of sales | $709,430 | $760,644 | $2,321,951 | $2,236,927 | | Gross profit | $372,354 | $399,906 | $1,247,999 | $1,105,751 | | Operating (loss) earnings | $(19,072) | $163,048 | $336,151 | $425,251 | | Net (loss) earnings | $(14,963) | $125,150 | $259,362 | $325,785 | | Basic EPS | $(0.14) | $1.19 | $2.48 | $3.10 | | Diluted EPS | $(0.14) | $1.19 | $2.46 | $3.08 | - Net sales decreased by **6.8%** for the three months ended August 4, 2023, but increased by **6.8%** for the nine months ended August 4, 2023, compared to the respective prior periods[15](index=15&type=chunk) - The company reported a net loss of **$14.963 million** for the three months ended August 4, 2023, a significant decline from net earnings of **$125.150 million** in the prior year, primarily due to non-cash impairment charges[15](index=15&type=chunk) [Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited)](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20(Loss)%20Income%20(Unaudited)) Comprehensive loss for three months ended August 4, 2023, driven by net loss and foreign currency adjustments; nine-month comprehensive income declined Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) | Metric (in thousands) | Three Months Ended Aug 4, 2023 | Three Months Ended Jul 29, 2022 | Nine Months Ended Aug 4, 2023 | Nine Months Ended Jul 29, 2022 | | :-------------------- | :----------------------------- | :----------------------------- | :---------------------------- | :---------------------------- | | Net (loss) earnings | $(14,963) | $125,150 | $259,362 | $325,785 | | Foreign currency translation adjustments | $(2,013) | $(5,792) | $16,974 | $(21,190) | | Derivative instruments, net of tax | $606 | $2,472 | $(14,441) | $16,043 | | Other comprehensive (loss) income, net of tax | $(1,407) | $(3,320) | $2,533 | $(5,147) | | Comprehensive (loss) income | $(16,370) | $121,830 | $261,895 | $320,638 | - Comprehensive loss for the three months ended August 4, 2023, was **$(16.370) million**, compared to comprehensive income of **$121.830 million** in the prior year[16](index=16&type=chunk) - For the nine months ended August 4, 2023, comprehensive income was **$261.895 million**, down from **$320.638 million** in the prior year[16](index=16&type=chunk) [Condensed Consolidated Balance Sheets (Unaudited)](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets%20(Unaudited)) Total assets increased to **$3.586 billion** as of August 4, 2023, driven by inventories and PPE; total liabilities decreased due to lower accounts payable Condensed Consolidated Balance Sheets (Unaudited) | Metric (in thousands) | August 4, 2023 | July 29, 2022 | October 31, 2022 | | :-------------------- | :------------- | :------------ | :--------------- | | Cash and cash equivalents | $147,926 | $231,564 | $188,250 | | Receivables, net | $390,677 | $350,657 | $332,713 | | Inventories, net | $1,112,692 | $939,274 | $1,051,109 | | Total current assets | $1,731,788 | $1,604,356 | $1,675,351 | | Total assets | $3,585,890 | $3,439,949 | $3,555,998 | | Accounts payable | $407,366 | $487,030 | $578,624 | | Total current liabilities | $907,498 | $1,011,262 | $1,063,613 | | Long-term debt, less current portion | $1,061,309 | $990,616 | $990,768 | | Total stockholders' equity | $1,477,083 | $1,286,602 | $1,351,701 | | Total liabilities and stockholders' equity | $3,585,890 | $3,439,949 | $3,555,998 | - Total assets increased by **$145.941 million (4.2%)** from July 29, 2022, to August 4, 2023, primarily due to higher inventories and property, plant, and equipment[17](index=17&type=chunk) - Total current liabilities decreased by **$103.764 million (10.3%)** from July 29, 2022, to August 4, 2023, mainly driven by a reduction in accounts payable[17](index=17&type=chunk) [Condensed Consolidated Statements of Cash Flows (Unaudited)](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows%20(Unaudited)) Net cash provided by operating activities remained stable for the nine months ended August 4, 2023, while investing activities significantly decreased cash usage due to lower acquisition spending Condensed Consolidated Statements of Cash Flows (Unaudited) | Metric (in thousands) | Nine Months Ended Aug 4, 2023 | Nine Months Ended Jul 29, 2022 | | :-------------------- | :---------------------------- | :---------------------------- | | Net cash provided by operating activities | $154,665 | $154,563 | | Net cash used in investing activities | $(119,158) | $(480,5

The Toro Company (NYSE:TTC) Q2 2023 Earnings Conference Call June 8, 2023 11:00 AM ET Company Participants Julie Kerekes - Treasurer and Senior Managing Director of Global Tax and Investor Relations Rick Olson - Chairman and Chief Executive Officer Angie Drake - Vice President and Chief Financial Officer Jeremy Steffan - Director of Investor Relations Conference Call Participants Samuel Darkatsh - Raymond James & Associates, Inc. Timothy Wojs - Robert W. Baird & Co. Inc. David MacGregor - Longbow Research T ...

TORO. 8 40 COMPANY Q2 2023 EARNINGS RELEASE June 8, 2023 THE TORO Safe Harbor This presentation contains forward-looking statements, which are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current assumptions and expectations of future events and often can be identified by words such as "believe," "forward," "future," "goal," "guidance," "improve," "may," "outlook," "plan," "should," "targ ...

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 May 5, 2023 ☐ 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 Org ...

TORO. 8 8 COMPANY Q1 2023 EARNINGS RELEASE March 9, 2023 THE TORO Safe Harbor This presentation contains forward-looking statements, which are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current assumptions and expectations of future events and often can be identified by words such as "believe," "forward," "future," "goal," "guidance," "improve," "may," "outlook," "plan," "should," "targ ...