The Toro Company
Toro Co. designs, manufactures, and markets equipment and systems for turf maintenance, irrigation, landscaping, snow and ice management, and rental, specialty, and underground construction. Its business is organized around Professional and Residential offerings sold through distributors, dealers, retailers, rental centers, home centers, and direct channels in the United States and more than 125 countries.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2020–2025
Liiketoiminta
Osuus liikevaihdostaCommercial mowers, turf maintenance machines, and related products for golf, sports fields, and grounds care.
Irrigation systems, landscape lighting, and related professional water-management products.
Horizontal directional drills, trenchers, vacuum excavators, locators, and pipe rehabilitation tools.
Stand-on skid steers, stump grinders, turf renovation, and rental-focused construction equipment.
Zero-turn mowers, walk mowers, snow throwers, and yard tools for homeowners.
Agricultural irrigation and smaller adjacent product lines and services.
Tuotteet
Raportoitu · osuus liikevaihdosta- Equipment Products and Services90,2 %
- Irrigation9,8 %
Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
Toro sells to a broad mix of professional and consumer buyers. Professional customers include golf courses, sports fields, landscape contractors, municipalities, utilities, rental companies, and specialty contractors, while Residential customers include homeowners purchasing through retailers, dealers, and online channels. The company also serves distributors and large retailers that resell equipment to end users, which makes channel relationships central to demand and market access.
Golf courses, sports fields, and grounds teams buy professional turf equipment for precision maintenance and uptime.
Contractors buy mowers, trenchers, and turf renovation tools to support commercial landscaping work.
Specialty contractors buy drills, trenchers, locators, and vacuum excavators for utility installation.
Homeowners buy mowers, snow throwers, and yard tools for lawn care and seasonal maintenance.
These channels buy specialty and rental equipment for downstream rental or resale to end users.
Strategia
Toro’s strategy centers on product innovation, channel breadth, and service support across professional and residential end markets. The company is also focused on expanding its technology mix, including alternative power, smart connected, and autonomous solutions, while using acquisitions and productivity initiatives to strengthen its product portfolio and operating model.
A significant portion of sales comes from new and enhanced products, so innovation supports demand and channel relevance.
Professional markets offer broader commercial applications and can be expanded through product breadth and acquisitions.
Manufacturing efficiency and sourcing discipline help protect competitiveness in a tariff- and inflation-sensitive business.
Dealer, distributor, retailer, and rental relationships are central to market access and after-purchase support.
Maantiede
Toro sells products worldwide through a network that spans more than 125 countries, with the United States as its core market and Europe as an important competitive region. It also operates internationally through distributors and dealers, and it has manufacturing and distribution activity outside the U.S., including Canada through the Tornado Infrastructure Equipment acquisition. Foreign currency, local channel structure, and regional weather patterns all affect demand and competitiveness across markets.
Riskit
Toro is exposed to cyclical demand in professional and residential outdoor equipment, weather-driven seasonality, and intense competition across both commercial and consumer channels. It also faces supply-chain disruption, tariff pressure, foreign exchange volatility, and integration risk from acquisitions, while accounting judgments around promotions, impairment, and hedging can materially affect reported results.
- Weather and seasonalityVaikutus: KorkeaTodennäköisyys: Korkea
Snowfall, rainfall, and temperature patterns directly affect demand for mowers, snow products, and irrigation equipment.
Kohdistuu - Tariffs and supply-chain disruptionVaikutus: KorkeaTodennäköisyys: Korkea
The company sources components globally, so tariffs or shortages can increase costs and constrain availability.
Kohdistuu: Imported components and finished goods
- Competitive pressureVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Residential products have low barriers to entry and face many direct competitors, especially internationally.
Kohdistuu - Acquisition integrationVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Integrating acquired businesses can create execution risk around systems, governance, and expected synergies.
Kohdistuu: Tornado Infrastructure Equipment
- Foreign exchange volatilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen
A stronger U.S. dollar can make products less competitive in foreign markets and pressure margins.
Kohdistuu: Europe and other international markets
Kirjanpito
Harkinnanvaraiset erätThese programs may be recorded as variable consideration or as SG&A, affecting gross margin and operating expense presentation.
Vaikutus: Revenue and gross sales
Management must test reporting units and trade names for impairment when cash flow expectations change.
Vaikutus: Non-cash charges and asset values
Hedging instruments are used to manage local-currency sales exposure and can create mark-to-market effects.
Vaikutus: Earnings volatility and OCI
Quarterly results can vary materially with snowfall, rainfall, and buying patterns across channels.
Vaikutus: Revenue timing and inventory levels
Samankaltaisia listattuja yhtiöitä
Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.
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Päivitetty: 24.9.2026