Toro Co (NYSE: TTC)

The Toro Company designs manufactures markets and sells professional turf maintenance equipment and services turf irrigation systems landscaping equipment and lighting products snow and ice management products agricultural irrigation systems rental and specialty underground construction equipment and residential yard and snow thrower products. The company markets its products worldwide through a network of distributors dealers mass retailers hardware retailers equipment rental centers home centers online and direct to end users. Its purpose is to help customers enrich the beauty productivity and sustainability of the land.

Revenue comes from the sale of professional turf maintenance equipment irrigation systems landscaping equipment lighting products snow and ice management equipment agricultural irrigation systems rental and specialty underground construction equipment and residential yard and snow thrower products. The company serves a diverse customer base that includes golf courses sports fields municipalities landscape contractors rental companies government agencies home centers mass retailers hardware dealers and individual homeowners.

The company operates through the following segments: Professional and Residential.

• The Professional segment includes professional turf maintenance landscape and lighting rental and specialty underground construction snow and ice management and agricultural irrigation products.

• The Residential segment consists of walk power mowers zero turn riding mowers snow throwers and yard tools and garden equipment sold to homeowners through various distribution channels.

The Toro Company considers itself a principal competitor in most of the markets it serves facing competition from numerous US and international firms.

Its competitive advantages stem from a broad product portfolio a focus on innovation and quality strong brand recognition and an extensive distribution network that provides full service support to customers.

The company sells to distributors dealers mass retailers hardware retailers home centers equipment rental centers government customers rental companies and directly to end users including homeowners and contractors.