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The Toro Company reports record results for fiscal 2013

Posted: 12/6/2013 | Views: 158

BLOOMINGTON, Minn.--(BUSINESS WIRE)--Dec. 5, 2013-- The Toro Company (NYSE: TTC) today reported net earnings of $154.8 million, or $2.62 per share, on a net sales increase of 4.2 percent to $2,041.4 million for its fiscal year ended October 31, 2013. In fiscal 2012, the company delivered net earnings of $129.5 million, or $2.14 per share, on net sales of $1,958.7 million.

  • Fiscal 2013 sales increase to a record $2 billion
  • Operating earnings expand to 11.3 percent and a record $230.7 million
  • Net earnings per share for the year up 22 percent to a record $2.62
  • Quarterly cash dividend increased 43 percent to $0.20 per share

Source: Toro

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