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The Toro Company
-8.27%
Industry & manufacturing / Lawn mowers, snow blowers, and irrigation system supplies
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The Toro Company is a publicly-traded American company that specializes in outdoor maintenance equipment. It was founded in 1914 as the Toro Motor Company by John Samuel Clapper and built its first motorized mower in 1922. The company is headquartered in Bloomington, Minnesota and its products are used for maintaining golf courses, professional landscapes, sports fields, residential yards, and agricultural fields.
The company's product line includes lawn and garden tractors, zero-turn mowers, walk-behind mowers, irrigation systems, snow removal equipment, and other outdoor maintenance tools. The Toro Company also offers a variety of landscaping services and solutions, including sprinkler system installation and repair, lawn care products, and landscape contractor training programs.
Toro is committed to sustainability and has set goals to reduce its environmental impact through energy conservation, waste reduction, and responsible water management. The company has also been recognized for its efforts in promoting diversity and inclusion in the workplace, and has received awards for its corporate social responsibility initiatives.
Toro has a global presence with operations in over 125 countries and employs over 7,000 people worldwide. The company is listed on the New York Stock Exchange under the ticker symbol TTC and is a member of the Fortune 1000 list.
The company's product line includes lawn and garden tractors, zero-turn mowers, walk-behind mowers, irrigation systems, snow removal equipment, and other outdoor maintenance tools. The Toro Company also offers a variety of landscaping services and solutions, including sprinkler system installation and repair, lawn care products, and landscape contractor training programs.
Toro is committed to sustainability and has set goals to reduce its environmental impact through energy conservation, waste reduction, and responsible water management. The company has also been recognized for its efforts in promoting diversity and inclusion in the workplace, and has received awards for its corporate social responsibility initiatives.
Toro has a global presence with operations in over 125 countries and employs over 7,000 people worldwide. The company is listed on the New York Stock Exchange under the ticker symbol TTC and is a member of the Fortune 1000 list.
What is special about the company?
1. Long history of innovation: The Toro Company was founded in 1914 and has been a leader in innovation in the outdoor equipment industry since then. Some of their groundbreaking products include the first drip irrigation system and the first electric-powered golf course mower.
2. Diverse product portfolio: Toro offers a diverse range of products for different industries including residential and commercial lawn mowers, irrigation systems, snow blowers, and construction equipment. This breadth of product offerings has helped the company to withstand market shifts and reach a wide customer base.
3. Commitment to sustainability: The Toro Company is committed to environmentally friendly practices and sustainability. They prioritize sustainability in their product design and manufacturing processes, as well as in their operations and community engagement efforts.
4. Strong brand recognition: The Toro brand is highly recognized and trusted by customers, especially in the lawn and garden industry. Its reputation for high-quality and reliable products has helped the company to maintain a strong market presence for over a century.
5. Emphasis on customer satisfaction: The Toro Company values its customers and prioritizes their satisfaction. They offer exceptional customer service and support, as well as a warranty for their products to ensure customer satisfaction and build long-lasting relationships.
6. Global presence: With customers in over 125 countries, The Toro Company has a strong global presence. This allows them to have a diverse customer base and also expand their research and development efforts around the world.
7. Strong financial performance: The company has consistently shown strong financial performance over the years, with steady revenue growth and profitability. This stability has helped them to weather economic downturns and continue to invest in research and development.
2. Diverse product portfolio: Toro offers a diverse range of products for different industries including residential and commercial lawn mowers, irrigation systems, snow blowers, and construction equipment. This breadth of product offerings has helped the company to withstand market shifts and reach a wide customer base.
3. Commitment to sustainability: The Toro Company is committed to environmentally friendly practices and sustainability. They prioritize sustainability in their product design and manufacturing processes, as well as in their operations and community engagement efforts.
4. Strong brand recognition: The Toro brand is highly recognized and trusted by customers, especially in the lawn and garden industry. Its reputation for high-quality and reliable products has helped the company to maintain a strong market presence for over a century.
5. Emphasis on customer satisfaction: The Toro Company values its customers and prioritizes their satisfaction. They offer exceptional customer service and support, as well as a warranty for their products to ensure customer satisfaction and build long-lasting relationships.
6. Global presence: With customers in over 125 countries, The Toro Company has a strong global presence. This allows them to have a diverse customer base and also expand their research and development efforts around the world.
7. Strong financial performance: The company has consistently shown strong financial performance over the years, with steady revenue growth and profitability. This stability has helped them to weather economic downturns and continue to invest in research and development.
What the company's business model?
The Toro Company's business model is centered around providing innovative and reliable outdoor equipment and services to customers in the agriculture, turf and landscape, construction, and residential markets. This is achieved through manufacturing and distributing a wide range of products such as lawn mowers, snow blowers, irrigation systems, and construction equipment. Additionally, the company offers maintenance and support services for their products to ensure customer satisfaction and loyalty. The Toro Company also focuses on sustainability and environmental responsibility in its operations and products. The company primarily generates revenue through the sale of products and services, as well as through licensing agreements and partnerships. Overall, The Toro Company aims to be a leader in the outdoor power equipment industry by continuously improving and expanding its product offerings and services.
Interesting facts about the company
Category: Companies
1. Founded in 1914, The Toro Company is an American multinational corporation that produces turf maintenance equipment and irrigation systems for residential and commercial use.
2. The company’s name, Toro, is derived from the Spanish word for bull, representing strength and power.
3. The first product produced by The Toro Company was the Toro Power Lawn Mower, which was introduced in 1921.
4. In 1938, The Toro Company began producing a golf course maintenance machine called the Greenmaster, which revolutionized the turf maintenance industry.
5. During World War II, The Toro Company produced over 30,000 engines for the U.S. Army.
6. The company is headquartered in Bloomington, Minnesota and has manufacturing facilities in the United States, Mexico, and Europe.
7. The Toro Company is known for its industry-leading innovation and has over 1,200 patents for its products and technologies.
8. In addition to its focus on turf maintenance equipment and irrigation systems, The Toro Company also produces snow removal equipment, landscape lighting, and agricultural drip tape.
9. The company has been recognized for its commitment to sustainability and was named one of the World’s Most Ethical Companies by the Ethisphere Institute in 2020.
10. The Toro Company operates in over 125 countries and has a strong global presence, with international sales making up approximately 40% of its annual revenue.
See Company Due Diligence:
1. Founded in 1914, The Toro Company is an American multinational corporation that produces turf maintenance equipment and irrigation systems for residential and commercial use.
2. The company’s name, Toro, is derived from the Spanish word for bull, representing strength and power.
3. The first product produced by The Toro Company was the Toro Power Lawn Mower, which was introduced in 1921.
4. In 1938, The Toro Company began producing a golf course maintenance machine called the Greenmaster, which revolutionized the turf maintenance industry.
5. During World War II, The Toro Company produced over 30,000 engines for the U.S. Army.
6. The company is headquartered in Bloomington, Minnesota and has manufacturing facilities in the United States, Mexico, and Europe.
7. The Toro Company is known for its industry-leading innovation and has over 1,200 patents for its products and technologies.
8. In addition to its focus on turf maintenance equipment and irrigation systems, The Toro Company also produces snow removal equipment, landscape lighting, and agricultural drip tape.
9. The company has been recognized for its commitment to sustainability and was named one of the World’s Most Ethical Companies by the Ethisphere Institute in 2020.
10. The Toro Company operates in over 125 countries and has a strong global presence, with international sales making up approximately 40% of its annual revenue.
See Company Due Diligence:
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