TTC - Mergers and acquisitions

Acquisition expands product offering for the rehabilitation and replacement of lateral and mainline underground infrastructure HammerHead Trenchless, a division of The Toro Company (NYSE:TTC), today announced that it has acquired the assets of ProKASRO Services USA, the distributor of ProKASRO Mechatronik GmbH and market leader of robotic solutions and rehabilitation equipment for repairing underground water and wastewater infrastructure. The terms of the transaction were not disclosed. ProKASRO Services USA is known for its industry-leading robotics, UV pipe lining solutions and lateral rehabilitation technologies. Based in Centennial, Colorado, its expanded line of trenchless solution

Griffon Corporation (NYSE:GFF) (the "Company" or "Griffon") announced that its subsidiary, The AMES Companies, Inc., ("AMES") acquired Pope, a leading Australian provider of residential watering products, from The Toro Company (NYSE:TTC). This is AMES's seventh acquisition in Australia since 2013, and further expands AMES's product portfolio in the Australian market. Pope is expected to contribute approximately $25 million in annualized revenue and be accretive to Griffon's earnings in the first full year of ownership. Financial terms of the transaction were not disclosed. About Griffon Corporation Griffon is a diversified management and holding company that conducts business through whol

Reinforces focus on strategic priorities that provide the greatest profitable growth opportunities The Toro Company (NYSE:TTC), through its wholly-owned subsidiaries Toro Australia Pty Ltd and Toro Australia Group Sales Pty Ltd based in South Australia (collectively "Toro Australia"), today announced the sale of its Pope Products residential garden watering and irrigation business to The AMES Company, Inc., a subsidiary of Griffon Corporation (NYSE:GFF). Pope irrigation and garden watering products are sold exclusively in Australia and New Zealand. This transaction represents The Toro Company's commitment to disciplined portfolio management and prudent capital allocation strategies. The

Acquisition expands product offering and provides entry into the liquid deicing category for BOSS BOSS Products, a division of The Toro Company (NYSE:TTC), today announced that it has acquired the liquid deicing assets of Voigt Smith Innovation (VSI), a privately-held leading manufacturer of liquid deicing equipment. The terms of the transaction were not disclosed. VSI is known for its industry-leading liquid deicing equipment for snow and ice contractors offering both brine makers and applicators, and smart-connected technologies. Based in Le Center, Minnesota, VSI has grown in the liquid deicing market over the past several years through product innovation, education, and industry exper

Acquisition expands position in attractive zero-turn mower markets The Toro Company (NYSE:TTC) today announced that it has acquired privately-held Intimidator Group, based in Batesville, Arkansas. The Intimidator Group designs and manufactures Spartan Mowers, a professional line of zero-turn mowers known for exceptional performance, durability and distinctive styling. Sold through an established dealer network, Spartan Mowers has strong brand recognition in southern regions of the United States, appealing to rural markets and large acreage customers. Intimidator Group also designs and manufactures an attractive line of powerful and versatile side-by-side utility vehicles that perform well

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) today reported results for its fiscal second quarter ended April 30, 2021. “We delivered record results in the quarter, with continued momentum across our professional and residential segments,” said Richard M. Olson, chairman and chief executive officer. “Sales grew at a robust pace, and earnings grew at nearly twice the sales growth rate. These excellent results point to a strong overall demand environment and continued favorable reception of our innovative products, along with our ability to successfully manage the dynamic supply chain environment and execute well operationally. Our team and channel partners del

Broad-Based Demand and Operational Execution Drive Record Results for Both Segments Second-quarter net sales up 23.6% year over year, to $1.15 billion; Professional segment net sales up 25.3%, Residential segment net sales up 20.2% Reported diluted EPS of $1.31; *Adjusted diluted EPS of $1.29, up 40.2% year over year Raises full-year fiscal 2021 net sales and *adjusted diluted EPS guidance The Toro Company (NYSE:TTC) today reported results for its fiscal second quarter ended April 30, 2021. "We delivered record results in the quarter, with continued momentum across our professional and residential segments," said Richard M. Olson, chairman and chief executive officer. "Sales grew a

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) today reported results for its fiscal first quarter ended January 29, 2021. “We began fiscal 2021 with strong momentum across our professional and residential businesses,” said Richard M. Olson, chairman and chief executive officer. “This drove double-digit top-line growth in the current dynamic environment, primarily due to higher shipments of professional landscape contractor zero-turn riding mowers and robust retail demand for residential snow equipment and Flex-Force battery-powered products. Incremental sales from the Venture Products acquisition also contributed to first-quarter growth. We expanded profitabil

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) today announced that it has acquired Left Hand Robotics, Inc. The acquisition supports The Toro Company’s strategy of leadership in next generation technologies, including alternative power, smart connected, and autonomous products. Terms of the transaction were not disclosed. Based in Longmont, Colorado, Left Hand Robotics is recognized for developing innovative autonomous solutions for turf and snow management. Its patent-pending software and advanced technologies for autonomous navigation are designed to provide professional contractors and grounds managers with future solutions to improve their operational effici

BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) today reported results for its fiscal fourth-quarter and full-year periods ended October 31, 2020. “Our strong fourth-quarter results were driven by continued sales growth in our residential segment and a rebound in our professional segment,” said Richard M. Olson, chairman and chief executive officer. “Residential sales were robust across all channels with strong demand for our new product lineup, accentuated by refreshed branding, an extended selling season, and stay-at-home trends. Improved demand for our professional products reflected greater business confidence from our customers and increased home investment